Senate Bill 836 (2013) - The Florida Senate

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CS/CS/SB 836: Insurer Solvency

GENERAL BILL by Rules ; Banking and Insurance ; Simmons

Insurer Solvency; Providing additional calculations for determining whether an insurer has a company action level event; requiring an insurer’s annual statement to include an actuarial opinion summary; protecting material supporting an insurer’s annual actuarial opinion from subpoena, discovery, or admissibility in a civil action; revising the amount of outstanding voting securities of a domestic stock insurer or a controlling company that a person is prohibited from acquiring unless certain requirements have been met, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect October 1, 2013, if SB 834 or similar legislation is adopted in the same legislative session or an extension thereof and becomes law
Last Action: 5/3/2013 House - Died in Messages
Bill Text: Web Page | PDF

Senate Committee References:

Banking and Insurance (BI)
Judiciary (JU)
Rules (RC)

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Bill History

Date	Chamber	Action
2/12/2013	Senate	• Filed
2/19/2013	Senate	• Referred to Banking and Insurance; Judiciary; Rules -SJ 60
3/5/2013	Senate	• Introduced -SJ 60
3/28/2013	Senate	• On Committee agenda-- Banking and Insurance, 04/02/13, 12:30 pm, 110 Senate Office Building
4/2/2013	Senate	• CS by Banking and Insurance; YEAS 11 NAYS 0 -SJ 346
4/4/2013	Senate	• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Judiciary -SJ 346 • CS by Banking and Insurance read 1st time -SJ 354
4/10/2013	Senate	• On Committee agenda-- Judiciary, 04/15/13, 1:00 pm, 110 Senate Office Building
4/15/2013	Senate	• Favorable by Judiciary; YEAS 9 NAYS 0 -SJ 476
4/16/2013	Senate	• Now in Rules -SJ 476
4/17/2013	Senate	• On Committee agenda-- Rules, 04/22/13, 2:00 pm, 110 Senate Office Building
4/22/2013	Senate	• CS/CS by- Rules; YEAS 14 NAYS 0 -SJ 578
4/23/2013	Senate	• Pending reference review -under Rule 4.7(2) - (Committee Substitute)
4/24/2013	Senate	• Placed on Calendar, on 2nd reading -SJ 578 • Placed on Special Order Calendar, 04/29/13 • CS/CS by Rules read 1st time -SJ 578
4/29/2013	Senate	• Read 2nd time -SJ 729 • Read 3rd time -SJ 729 • CS passed; YEAS 39 NAYS 0 -SJ 729
4/29/2013	House	• In Messages
5/3/2013	House	• Died in Messages

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CS/CS/SB 836, Committee Substitute 2 (Current Bill Version) Posted 4/23/2013 at 6:07 PM

Bill Text:	Web Page \| PDF

Analyses:	None

Related Bills (3)

Bill Number	Subject	Filed By	Relationship	Last Action and Location
S 834 (e1)	Public Records/Proprietary Business Information/Office of Insurance Regulation	Simmons	Linked	Last Action: 5/3/2013 H Died in Messages Location: In messages from Senate
H 821 (c2)	Insurer Solvency	Ingram	Similar	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar
H 823 (c2)	Public Records	Ingram	Compare	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar

Floor Votes (1)

Date	Chamber	Result
4/29/2013 1:00 PM	Senate	39 Yeas - 0 Nays

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 19 (pdf)
628.803	Sanctions.	Page 23 (pdf)
628.805		Page 23 (pdf)
636.045	Minimum surplus requirements.	Page 25 (pdf)
641.225	Surplus requirements.	Page 25 (pdf)
641.255	Acquisition, merger, or consolidation.	Page 25 (pdf)

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CS/SB 836, Committee Substitute 1 Posted 4/4/2013 at 8:31 AM

Bill Text:	Web Page \| PDF

Analyses:	Judiciary (Pre-Meeting) 4/12/2013 (pdf) Judiciary (Post-Meeting) 4/15/2013 (pdf) Rules (Pre-Meeting) 4/19/2013 (pdf) Rules (Post-Meeting) 4/23/2013 (pdf)

Related Bills (3)

Bill Number	Subject	Filed By	Relationship	Last Action and Location
S 834 (c1)	Public Records/Proprietary Business Information/Office of Insurance Regulation	Simmons	Linked	Last Action: 5/3/2013 H Died in Messages Location: In messages from Senate
H 821 (c2)	Insurer Solvency	Ingram	Similar	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar
H 823 (c2)	Public Records	Ingram	Compare	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar

Committee Amendments (2)

Amendment	Sponsor	Filed	Last Committee Action	Format
102538 - Amendment Delete lines 117 - 177 and insert:	Rules (Simmons)	4/19/2013 4:36 PM (Late Filed)	Replaced by Committee Substitute 4/22/2013	Web Page PDF
337146 - Amendment Delete line 447 and insert:	Rules (Simmons)	4/19/2013 4:36 PM (Late Filed)	Replaced by Committee Substitute 4/22/2013	Web Page PDF

Committee Votes (2)

Date	Committee	Result
4/15/2013 1:00 PM	Judiciary	9 Yeas - 0 Nays
4/22/2013 2:00 PM	Rules	14 Yeas - 0 Nays

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 19 (pdf)
628.803	Sanctions.	Page 23 (pdf)
628.805		Page 23 (pdf)
636.045	Minimum surplus requirements.	Page 25 (pdf)
641.225	Surplus requirements.	Page 25 (pdf)
641.255	Acquisition, merger, or consolidation.	Page 25 (pdf)

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SB 836, Original Filed Version Posted 2/12/2013 at 3:42 PM

Bill Text:	Web Page \| PDF

Analyses:	Banking and Insurance (Pre-Meeting) 4/1/2013 (pdf) Banking and Insurance (Post-Meeting) 4/4/2013 (pdf)

Related Bills (3)

Bill Number	Subject	Filed By	Relationship	Last Action and Location
S 834	Public Records/Proprietary Business Information/Office of Insurance Regulation	Simmons	Linked	Last Action: 5/3/2013 H Died in Messages Location: In messages from Senate
H 821 (c2)	Insurer Solvency	Ingram	Similar	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar
H 823 (c2)	Public Records	Ingram	Compare	Last Action: 5/3/2013 H Died on Calendar Location: On 2nd Reading Calendar

Committee Amendments (1)

Amendment	Sponsor	Filed	Last Committee Action	Format
355782 - Amendment (Delete All) Delete everything after the enacting clause and insert:	Banking and Insurance (Simmons)	4/2/2013 9:09 AM (Late Filed)	Replaced by Committee Substitute 4/2/2013	Web Page PDF

Committee Votes (1)

Date	Committee	Result
4/2/2013 12:30 PM	Banking and Insurance	11 Yeas - 0 Nays

Citations - Statutes (10)

Citation	Catchline	Location in Bill Location In Bill Help
624.085		Page 2 (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 19 (pdf)
628.803	Sanctions.	Page 23 (pdf)
628.805		Page 23 (pdf)
636.045	Minimum surplus requirements.	Page 24 (pdf)
641.225	Surplus requirements.	Page 25 (pdf)

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