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.
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations Subcommittee on Agriculture, Environment, and General Government (AEG)
- Appropriations (AP)
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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) passed, see SB 540 (Ch. 2020-54) -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) -
SB 540, Original Filed Version Posted 10/16/2019 at 4:40 PM
Bill Text: Web Page | 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) passed, see SB 540 (Ch. 2020-54) -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)