SB 1242: Insurer Solvency
GENERAL BILL by Brandes
Insurer Solvency; Providing exceptions from certain risk-based capital formulas for health organizations and for certain property and casualty insurers; requiring a notice and certain bills relating to certain costs of activities by the association to be given to member insurers, the Department of Financial Services, and the Office of Insurance Regulation within a specified timeframe; prohibiting an officer or director of a certain insolvent insurer or health maintenance organization from thereafter serving in certain capacities except under certain circumstances, etc.
Effective Date: Except as otherwise expressly provided in this act, this act shall take effect upon becoming a law
Last Action: 5/5/2017 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/5/2017 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/24/2017 | Senate |
• Filed |
| 3/6/2017 | Senate |
• Referred to Banking and Insurance; Judiciary; Rules -SJ 130 |
| 3/7/2017 | Senate |
• Introduced -SJ 130 |
| 5/5/2017 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Banking and Insurance |
