HB 733: Credit for Reinsurance
GENERAL BILL by Fetterhoff ; (CO-INTRODUCERS) Leek
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.
Effective Date: 7/1/2021
Last Action: 4/13/2021 House - Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101)
Bill Text: PDF
Last Action: 4/13/2021 House - Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/3/2021 | House |
• Filed |
| 2/18/2021 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/2/2021 | House |
• Added to Insurance & Banking Subcommittee agenda • 1st Reading (Original Filed Version) |
| 3/4/2021 | House |
• Favorable by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Now in State Administration & Technology Appropriations Subcommittee |
| 3/5/2021 | House |
• Added to State Administration & Technology Appropriations Subcommittee agenda |
| 3/9/2021 | House |
• Favorable by State Administration & Technology Appropriations Subcommittee • Reported out of State Administration & Technology Appropriations Subcommittee • Now in Commerce Committee |
| 3/12/2021 | House |
• Added to Commerce Committee agenda |
| 3/16/2021 | House |
• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 4/8/2021 | House |
• Bill added to Special Order Calendar (4/13/2021) |
| 4/13/2021 | House |
• Substituted SB 728 • Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101) |
