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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: 3/14/2020 House - Died on Calendar
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
    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    3/14/2020 House • Indefinitely postponed and withdrawn from consideration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

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  • SB 1376, Original Filed Version (Current Bill Version) Posted 1/3/2020 at 1:41 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/17/2020 (pdf)
    Banking and Insurance (Post-Meeting) 1/21/2020 (pdf)
    Judiciary (Pre-Meeting) 1/27/2020 (pdf)
    Judiciary (Post-Meeting) 1/28/2020 (pdf)
    Rules (Pre-Meeting) 2/28/2020 (pdf)
    Rules (Post-Meeting) 3/3/2020 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1211 (c1) Credit for Reinsurance Jones Similar Last Action: 3/14/2020 H Died on Calendar

    Committee Votes (3)

    Date Committee Result
    1/21/2020 12:00 PM Banking and Insurance 8 Yeas - 0 Nays
    1/28/2020 4:00 PM Judiciary 6 Yeas - 0 Nays
    3/2/2020 12:00 PM Rules 17 Yeas - 0 Nays

    Floor Votes (1)

    Date Chamber Result
    3/9/2020 2:42 PM Senate 38 Yeas - 1 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    624.610 Reinsurance. Page 1 (pdf)

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