Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

Track This Bill

Glossary of Legislative Terms

CS/CS/HB 821: Insurer Solvency

GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Ingram

Insurer Solvency; Provides definitions applicable to Florida Insurance Code; revises definition; provides additional calculations for determining whether insurer has company action level event; revises provisions relating to mandatory control level events; requires insurer's annual statement to include actuarial opinion summary; provides criteria for summary; provides exception for life & health insurers; protects material supporting insurer's annual actuarial opinion from subpoena, discovery, or admissibility in civil action; revises amount of outstanding voting securities of domestic stock insurer or controlling company that person is prohibited from acquiring unless certain requirements have been met; deletes provision authorizing insurer to file disclaimer of affiliation & control in lieu of letter notifying OIR of FSC of acquisition of voting securities of domestic stock company; requires statement notifying office to include additional information; provides that control is presumed to exist under certain conditions; specifies how control may be rebutted & how controlling interest may be divested.

Effective Date: 10/1/2013
 Last Action: 5/3/2013 House - Died on Calendar
Bill Text: PDF

View By Bill Version View By Category

Expand All Collapse All

  • Bill History

    Date Chamber Action
    2/15/2013 House • Filed
    2/28/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 84
    3/5/2013 House • Introduced -HJ 83
    3/11/2013 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/13/13, 9:00 am, 404 HOB
    3/13/2013 House • CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 272
    3/15/2013 House • Pending review of CS under Rule 7.19(c)
    3/18/2013 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
    • CS referred to Regulatory Affairs Committee -HJ 270
    • Now in Regulatory Affairs Committee -HJ 270
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 265
    3/25/2013 House • On Committee agenda-- Regulatory Affairs Committee, 03/27/13, 2:00 pm, 404 HOB
    3/27/2013 House • CS/CS by- Regulatory Affairs Committee; YEAS 18 NAYS 0 -HJ 385
    4/1/2013 House • Pending review of CS -under Rule 7.19(c)
    • CS/CS by Regulatory Affairs Committee read 1st time -HJ 380
    4/2/2013 House • Placed on Calendar -HJ 402
    5/3/2013 House • Died on Calendar

    Top of SectionTop of Page

  • CS/CS/HB 821, Committee Substitute 2 (Current Bill Version) Posted 4/1/2013 at 12:46 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 823 (c2) Public Records Ingram Linked Last Action: 5/3/2013 H Died on Calendar
    Location: On 2nd Reading Calendar     		Track This Bill
    S 836 (c2) Insurer Solvency Simmons Similar Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill
    S 834 (e1) Public Records/Proprietary Business Information/Office of Insurance Regulation Simmons Compare Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    624.085 Page 3 (pdf)
    624.4085 Risk-based capital requirements for insurers. Page 4 (pdf)
    624.424 Annual statement and other information. Page 7 (pdf)
    625.121 Standard Valuation Law; life insurance. Page 10 (pdf)
    628.461 Acquisition of controlling stock. Page 13 (pdf)
    628.801 Insurance holding companies; registration; regulation. Page 20 (pdf)
    628.803 Sanctions. Page 24 (pdf)
    628.805 Page 24 (pdf)
    636.045 Minimum surplus requirements. Page 25 (pdf)
    641.225 Surplus requirements. Page 26 (pdf)
    641.255 Acquisition, merger, or consolidation. Page 26 (pdf)

    Top of SectionTop of Page

  • CS/HB 821, Committee Substitute 1 Posted 3/15/2013 at 5:46 PM

    Bill Text:   PDF
    Analyses:   Regulatory Affairs Committee (Post-Meeting) 4/1/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 823 (c2) Public Records Ingram Linked Last Action: 5/3/2013 H Died on Calendar
    Location: On 2nd Reading Calendar     		Track This Bill
    S 836 Insurer Solvency Simmons Similar Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill
    S 834 Public Records/Proprietary Business Information/Office of Insurance Regulation Simmons Compare Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    775395 - Amendment
    Remove line 338 and insert:     		Ingram 3/26/2013
    8:18 PM     		Adopted without Objection
    3/28/2013     		PDF
    980481 - Amendment
    Remove lines 524-528 and insert:     		Nelson 3/26/2013
    8:18 PM     		Adopted without Objection
    3/28/2013     		PDF
    469549 - Amendment
    Remove lines 579-615 and insert:     		Ingram 3/26/2013
    8:19 PM     		Adopted without Objection
    3/28/2013     		PDF
    978037 - Amendment
    Remove lines 641-647 and insert:     		Ingram 3/26/2013
    8:20 PM     		Adopted without Objection
    3/28/2013     		PDF

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    624.085 Page 3 (pdf)
    624.4085 Risk-based capital requirements for insurers. Page 4 (pdf)
    624.424 Annual statement and other information. Page 7 (pdf)
    625.121 Standard Valuation Law; life insurance. Page 10 (pdf)
    628.461 Acquisition of controlling stock. Page 13 (pdf)
    628.801 Insurance holding companies; registration; regulation. Page 20 (pdf)
    628.803 Sanctions. Page 23 (pdf)
    628.805 Page 24 (pdf)
    636.045 Minimum surplus requirements. Page 25 (pdf)
    641.225 Surplus requirements. Page 25 (pdf)
    641.255 Acquisition, merger, or consolidation. Page 26 (pdf)

    Top of SectionTop of Page

  • HB 821, Original Filed Version Posted 2/15/2013 at 12:22 PM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 3/15/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 823 (c1) Public Records Ingram Linked Last Action: 5/3/2013 H Died on Calendar
    Location: On 2nd Reading Calendar     		Track This Bill
    S 836 Insurer Solvency Simmons Identical Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill
    S 834 Public Records/Proprietary Business Information/Office of Insurance Regulation Simmons Compare Last Action: 5/3/2013 H Died in Messages
    Location: In messages from Senate     		Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    372519 - Strike All Amendment
    Remove everything after the enacting clause and insert:     		Ingram 3/12/2013
    8:17 PM     		Adopted without Objection
    3/13/2013     		PDF
    hierarchy 785963 - Amendment to Amendment (372519)
    Remove line 606 of the amendment and insert:     		Ingram 3/13/2013
    11:54 AM     		Adopted without Objection
    3/13/2013     		PDF

    Citations - Statutes (10)

    Citation Catchline Location in Bill Location In Bill Help
    624.085 Page 3 (pdf)
    624.4085 Risk-based capital requirements for insurers. Page 4 (pdf)
    624.424 Annual statement and other information. Page 7 (pdf)
    625.121 Standard Valuation Law; life insurance. Page 10 (pdf)
    628.461 Acquisition of controlling stock. Page 12 (pdf)
    628.801 Insurance holding companies; registration; regulation. Page 20 (pdf)
    628.803 Sanctions. Page 23 (pdf)
    628.805 Page 24 (pdf)
    636.045 Minimum surplus requirements. Page 25 (pdf)
    641.255 Acquisition, merger, or consolidation. Page 26 (pdf)

    Top of SectionTop of Page