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SB 540: Insurance Guaranty Associations

GENERAL BILL by Rader ; (CO-INTRODUCERS) Rouson

Insurance Guaranty Associations; Authorizing certain guaranty association employees to adjust losses for the Florida Insurance Guaranty Association if certain conditions are met; redefining the term “net direct written premiums” as “direct written premiums” and revising the definition of that term; deleting a calculation of initial estimated assessments levied by the Office of Insurance Regulation on insurers in the Florida Insurance Guaranty Association; deleting a calculation of initial estimated assessments levied by the office on insurers in the Florida Workers’ Compensation Insurance Guaranty Association, etc.

Effective Date: 7/1/2020
Last Action: 6/22/2020 - Chapter No. 2020-54
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    10/16/2019 Senate • Filed
    11/1/2019 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 42
    11/5/2019 Senate • On Committee agenda-- Banking and Insurance, 11/12/19, 1:30 pm, 412 Knott Building
    11/12/2019 Senate • Favorable by Banking and Insurance; YEAS 7 NAYS 0 -SJ 131
    • Now in Appropriations Subcommittee on Agriculture, Environment, and General Government
    1/14/2020 Senate • Introduced -SJ 42
    1/17/2020 Senate • On Committee agenda-- Appropriations Subcommittee on Agriculture, Environment, and General Government, 01/22/20, 1:30 pm, 110 Senate Building
    1/22/2020 Senate • Subcommittee Recommendation: Favorable by Appropriations Subcommittee on Agriculture, Environment, and General Government; YEAS 9 NAYS 0 -SJ 191
    1/23/2020 Senate • Now in Appropriations
    1/31/2020 Senate • On Committee agenda-- Appropriations, 02/05/20, 1:00 pm, 412 Knott Building
    2/3/2020 Senate • On Committee agenda-- Appropriations, 02/06/20, 9:00 am, 412 Knott Building --Meeting cancelled
    2/5/2020 Senate • Favorable by- Appropriations; YEAS 20 NAYS 0 -SJ 268
    2/6/2020 Senate • Placed on Calendar, on 2nd reading
    2/17/2020 Senate • Placed on Special Order Calendar, 02/19/20 -SJ 324
    2/19/2020 Senate • Read 2nd time -SJ 321
    • Placed on 3rd reading
    2/26/2020 Senate • Read 3rd time -SJ 337
    • Passed; YEAS 40 NAYS 0 -SJ 337
    3/3/2020 House • In Messages
    3/9/2020 House • Referred to Calendar -HJ 1000
    • Received -HJ 1000
    3/10/2020 House • Placed on Special Order Calendar, 03/10/20
    • Read 2nd time -HJ 1043
    • Placed on 3rd reading
    3/11/2020 House • Read 3rd time -HJ 1084
    • Passed; YEAS 116 NAYS 0 -HJ 1084
    3/11/2020 Senate • Ordered enrolled -SJ 725
    6/11/2020 • Signed by Officers and presented to Governor
    6/20/2020 • Approved by Governor
    6/22/2020 • Chapter No. 2020-54

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  • SB 540, Enrolled (Current Bill Version) Posted 3/11/2020 at 2:41 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 329 Insurance Guaranty Associations Smith Identical Last Action: 3/10/2020 H Laid on Table - Companion bill(s) SB 540 passed -HJ 1070

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    625.012 “Assets” defined. Page 9 (pdf)
    626.8621 Page 2 (pdf)
    631.54 Definitions. Page 3 (pdf)
    631.57 Powers and duties of the association. Page 3 (pdf)
    631.59 Duties and powers of department and office. Page 9 (pdf)
    631.912 Board of directors. Page 10 (pdf)
    631.914 Assessments. Page 10 (pdf)

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  • SB 540, Original Filed Version Posted 10/16/2019 at 4:40 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 11/8/2019 (pdf)
    Banking and Insurance (Post-Meeting) 11/12/2019 (pdf)
    Appropriations Subcommittee on Agriculture, Environment, and General Government (Pre-Meeting) 1/21/2020 (pdf)
    Appropriations Subcommittee on Agriculture, Environment, and General Government (Post-Meeting) 1/22/2020 (pdf)
    Appropriations (Pre-Meeting) 2/4/2020 (pdf)
    Appropriations (Post-Meeting) 2/6/2020 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 329 Insurance Guaranty Associations Smith Identical Last Action: 3/10/2020 H Laid on Table - Companion bill(s) SB 540 passed -HJ 1070

    Committee Votes (3)

    Date Committee Result
    11/12/2019 1:30 PM Banking and Insurance 7 Yeas - 0 Nays
    1/22/2020 1:30 PM Appropriations Subcommittee on Agriculture, Environment, and General Government 9 Yeas - 0 Nays
    2/5/2020 1:00 PM Appropriations 20 Yeas - 0 Nays

    Floor Votes (2)

    Date Chamber Result
    2/26/2020 3:42 PM Senate 40 Yeas - 0 Nays
    3/11/2020 11:28 AM House 116 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    625.012 “Assets” defined. Page 9 (pdf)
    626.8621 Page 2 (pdf)
    631.54 Definitions. Page 3 (pdf)
    631.57 Powers and duties of the association. Page 3 (pdf)
    631.59 Duties and powers of department and office. Page 9 (pdf)
    631.912 Board of directors. Page 10 (pdf)
    631.914 Assessments. Page 10 (pdf)

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