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The Florida Senate

SB 1376: Credit For Reinsurance

GENERAL BILL by Broxson ; (CO-INTRODUCERS) Baxley

Credit For Reinsurance; Adding conditions under which a ceding insurer must be allowed credit for reinsurance; specifying requirements for assuming insurers and reinsurance agreements; authorizing a ceding insurer or its representative that is subject to rehabilitation, liquidation, or conservation to seek a certain court order; authorizing the Office of Insurance Regulation to revoke or suspend an assuming insurer’s eligibility under certain conditions, etc.

Effective Date: 7/1/2020
Last Action: 1/29/2020 Senate - Now in Rules
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)



Bill History

Date Chamber Action
1/3/2020 Senate • Filed
1/13/2020 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 102
1/14/2020 Senate • Introduced -SJ 102
1/16/2020 Senate • On Committee agenda-- Banking and Insurance, 01/21/20, 12:00 pm, 412 Knott Building
1/21/2020 Senate • Favorable by Banking and Insurance; YEAS 8 NAYS 0 -SJ 154
• Now in Judiciary
1/23/2020 Senate • On Committee agenda-- Judiciary, 01/28/20, 4:00 pm, 110 Senate Building
1/28/2020 Senate • Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 214
1/29/2020 Senate • Now in Rules