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The Florida Senate

SB 1242: Insurer Solvency


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
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

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  • 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    5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration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

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  • SB 1242, Original Filed Version (Current Bill Version) Posted 2/24/2017 at 2:09 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1273 (c1) Insurer Insolvency Grant Compare Last Action: 5/5/2017 H Died in Commerce Committee

    Citations - Statutes (6)

    Citation Catchline Location in Bill Location In Bill Help
    624.4085 Risk-based capital requirements for insurers. Page 2 (pdf)
    631.271 Priority of claims. Page 8 (pdf)
    631.717 Powers and duties of the association. Page 9 (pdf)
    631.718 Assessments. Page 10 (pdf)
    641.201 Applicability of other laws. Page 12 (pdf)
    641.222 Page 12 (pdf)

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