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.
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- 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 |
| 2/26/2020 | Senate |
• On Committee agenda-- Rules, 03/02/20, 12:00 pm, 110 Senate Building |
| 3/2/2020 | Senate |
• Favorable by- Rules; YEAS 17 NAYS 0 -SJ 374 |
| 3/3/2020 | Senate |
• Placed on Calendar, on 2nd reading |
| 3/5/2020 | Senate |
• Placed on Special Order Calendar, 03/09/20 -SJ 550 |
| 3/9/2020 | Senate |
• Read 2nd time -SJ 540 • Read 3rd time -SJ 540 • Passed; YEAS 38 NAYS 1 -SJ 540 |
| 3/9/2020 | House |
• In Messages • Referred to Calendar -HJ 1008 • Received -HJ 1008 |
| 3/10/2020 | House |
• Placed on Special Order Calendar, 03/10/20 • Temporarily postponed, on 2nd Reading -HJ 1069 |
| 3/14/2020 | House |
• Indefinitely postponed and withdrawn from consideration • Died on Calendar |
