CS/CS/SB 1568: Insurer Insolvency
GENERAL BILL by Budget ; Banking and Insurance ; Montford
Insurer Insolvency; Authorizes a residential property insurer to renegotiate a note issued by the Insurance Capital Build-Up Incentive Program under certain circumstances. Authorizes the Department of Financial Services to request appointment as ancillary receiver if necessary to obtain records to adjudicate covered claims. Provides for the State Risk Management Trust Fund to cover specified officers, employees, agents, and other representatives of the Department of Financial Services for liability under specified federal laws relating to receiverships, etc.
Effective Date: 7/1/2011
Last Action: 5/2/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
Bill Text: Web Page | PDF
Last Action: 5/2/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Budget (BC)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/3/2011 | Senate |
• Filed |
| 3/9/2011 | Senate |
• Referred to Banking and Insurance; Budget -SJ 176 • Introduced -SJ 176 |
| 3/17/2011 | Senate |
• On Committee agenda-- Banking and Insurance, 03/22/11, 1:15 pm, 412 Knott Building |
| 3/22/2011 | Senate |
• CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 286 |
| 3/24/2011 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Budget -SJ 286 • CS by Banking and Insurance read 1st time -SJ 290 |
| 4/7/2011 | Senate |
• Also referred to Rules -SJ 461 |
| 4/11/2011 | Senate |
• On Committee agenda-- Budget, 04/14/11, 1:30 pm, 412 Knott Building --Not Considered |
| 4/14/2011 | Senate |
• On Committee agenda-- Budget, 04/15/11, 1:30 pm, 412 Knott Building |
| 4/15/2011 | Senate |
• CS/CS by Budget; YEAS 18 NAYS 0 -SJ 471 |
| 4/19/2011 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 4/20/2011 | Senate |
• Now in Rules -SJ 471 |
| 4/21/2011 | Senate |
• On Committee agenda-- Rules, 04/26/11, 1:00 pm, 110 Senate Office Building |
| 4/26/2011 | Senate |
• Favorable by- Rules; YEAS 9 NAYS 0 -SJ 541 • CS/CS by Budget read 1st time -SJ 488 |
| 4/27/2011 | Senate |
• Placed on Calendar, on 2nd reading -SJ 541 |
| 4/29/2011 | Senate |
• Placed on Special Order Calendar, 05/02/11 |
| 5/2/2011 | Senate |
• Read 2nd time -SJ 638 • Amendment(s) adopted (557434) -SJ 639 • Substituted CS/HB 1007 -SJ 639 • Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639 |
