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.
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
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3/14/2020 House • Indefinitely postponed and withdrawn from consideration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
SB 1376, Original Filed Version (Current Bill Version) Posted 1/3/2020 at 1:41 PM
Bill Text: Web Page | 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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