HB 733: Credit for Reinsurance
GENERAL BILL by Fetterhoff
Credit for Reinsurance; Adds conditions under which ceding insurer must be allowed credit for reinsurance; revises attorney designation requirement in reinsurance agreements; defines "reciprocal jurisdiction" & "covered agreement"; specifies requirements for assuming insurers & reinsurance agreements; authorizes ceding insurer or its representative subject to rehabilitation, liquidation, or conservation to seek court order; specifies limitation on credit taken by ceding insurer; authorizes office to revoke or suspend assuming insurer's eligibility.
Last Action: 4/13/2021 House - Laid on Table, refer to SB 728
Bill Text: PDF
• Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
• Added to Insurance & Banking Subcommittee agenda
• 1st Reading (Original Filed Version)
• Favorable by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Now in State Administration & Technology Appropriations Subcommittee
• Added to State Administration & Technology Appropriations Subcommittee agenda
• Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
• Added to Commerce Committee agenda
• Favorable by Commerce Committee
• Reported out of Commerce Committee
• Bill released to House Calendar
• Added to Second Reading Calendar
• Bill added to Special Order Calendar (4/13/2021)
• Substituted SB 728
• Laid on Table, refer to SB 728
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