CS/SB 1190: Insurer Solvency
GENERAL BILL by Banking and Insurance ; Lee
Insurer Solvency; Revising the amount of surplus which must be possessed by insurers applying for an original certificate of authority and to retain a certificate of authority; providing that a health maintenance organization is considered an insurer for purposes of specified provisions of law relating to insolvent insurers, requirements for the directors of domestic insurers, the payment of dividends and distributions of other property by domestic stock insurers, penalties for domestic and mutual stock insurers that illegally pay dividends, and certain restrictions on premiums written, etc.
Effective Date: Except as otherwise provided, this act shall take effect upon becoming a law
Last Action: 5/1/2015 Senate - Died in Appropriations Subcommittee on General Government
Bill Text: Web Page | PDF
Last Action: 5/1/2015 Senate - Died in Appropriations Subcommittee on General Government
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations Subcommittee on General Government (AGG)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 2/23/2015 Senate • Filed
2/27/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Fiscal Policy -SJ 115
3/3/2015 Senate • Introduced -SJ 115
3/12/2015 Senate • On Committee agenda-- Banking and Insurance, 03/17/15, 9:00 am, 110 Senate Office Building
3/17/2015 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 221
3/18/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 224
3/19/2015 Senate • Now in Appropriations Subcommittee on General Government -SJ 221
3/30/2015 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 04/02/15, 9:00 am, 110 Senate Office Building --Not Considered
4/3/2015 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 04/08/15, 10:00 am, 110 Senate Office Building --Temporarily Postponed
5/1/2015 Senate • Died in Appropriations Subcommittee on General Government
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CS/SB 1190, Committee Substitute 1 (Current Bill Version) Posted 3/18/2015 at 3:44 PM
Bill Text: Web Page | PDF Analyses: Appropriations Subcommittee on General Government (Pre-Meeting) 4/1/2015 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1085 Insurer Solvency Santiago Similar Last Action: 4/28/2015 H Died in Insurance and Banking Subcommittee
Location: In committee/council (IBS)
H 635 Solvency of Health Maintenance and Prepaid Limited Health Service Organizations Santiago Compare Last Action: 2/6/2015 H Withdrawn prior to introduction -HJ 53
Location: Withdrawn from consideration
Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 624.407 Surplus required; new insurers. Page 3 (pdf) 624.408 Surplus required; current insurers. Page 5 (pdf) 624.4085 Risk-based capital requirements for insurers. Page 8 (pdf) 636.043 Annual, quarterly, and miscellaneous reports. Page 8 (pdf) 641.19 Definitions. Page 12 (pdf) 641.201 Applicability of other laws. Page 13 (pdf) 641.225 Surplus requirements. Page 13 (pdf) 641.26 Annual and quarterly reports. Page 14 (pdf) 641.27 Examination by the department. Page 18 (pdf) 641.35 Assets, liabilities, and investments. Page 20 (pdf) 641.365 Dividends. Page 20 (pdf) 817.234 False and fraudulent insurance claims. Page 20 (pdf) 817.50 Fraudulently obtaining goods, services, etc., from a health care provider. Page 20 (pdf) -
SB 1190, Original Filed Version Posted 2/23/2015 at 4:36 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 3/16/2015 (pdf)
Banking and Insurance (Post-Meeting) 3/18/2015 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1085 Insurer Solvency Santiago Identical Last Action: 4/28/2015 H Died in Insurance and Banking Subcommittee
Location: In committee/council (IBS)
H 635 Solvency of Health Maintenance and Prepaid Limited Health Service Organizations Santiago Compare Last Action: 2/6/2015 H Withdrawn prior to introduction -HJ 53
Location: Withdrawn from consideration
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 388574 - Amendment
Delete lines 139 - 150 and insert:Banking and Insurance
(Lee)3/16/2015
8:10 AMReplaced by Committee Substitute
3/17/2015Web Page
PDF637990 - Amendment
Delete lines 523 - 527 and insert:Banking and Insurance
(Lee)3/16/2015
8:08 AMReplaced by Committee Substitute
3/17/2015Web Page
PDFCommittee Votes (1)
Date Committee Result 3/17/2015 9:00 AM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 624.407 Surplus required; new insurers. Page 3 (pdf) 624.408 Surplus required; current insurers. Page 5 (pdf) 624.4085 Risk-based capital requirements for insurers. Page 7 (pdf) 636.043 Annual, quarterly, and miscellaneous reports. Page 8 (pdf) 641.19 Definitions. Page 12 (pdf) 641.201 Applicability of other laws. Page 12 (pdf) 641.225 Surplus requirements. Page 13 (pdf) 641.26 Annual and quarterly reports. Page 14 (pdf) 641.27 Examination by the department. Page 18 (pdf) 641.35 Assets, liabilities, and investments. Page 19 (pdf) 641.365 Dividends. Page 20 (pdf) 817.234 False and fraudulent insurance claims. Page 20 (pdf) 817.50 Fraudulently obtaining goods, services, etc., from a health care provider. Page 20 (pdf)