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Glossary of Legislative Terms

CS/CS/SB 1430: Insolvent Insurers

GENERAL BILL by Appropriations ; Banking and Insurance ; Burgess

Insolvent Insurers; Revising a prohibition against certain insolvent insurers’ former officers or directors serving as officers or directors of an insurer or having direct or indirect control over certain selection or appointment of officers or directors, to allow such activities unless the Office of Insurance Regulation enters a specified order; providing required factors to be used in the determination and fixing of rates for premiums paid to insolvent insurers for specified coverages; authorizing insurers remitting assessments to the Florida Insurance Guaranty Association, Incorporated, to elect not to recoup advances; revising a requirement for information regarding assessment percentages which must be specified by the Office of Insurance Regulation in orders levying assessments, etc.

Effective Date: 7/1/2022
 Last Action: 3/4/2022 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1023 (Ch. 2022-139) -SJ 665
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on Agriculture, Environment, and General Government (AEG)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
1/4/2022 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 126
1/13/2022 Senate • On Committee agenda-- Banking and Insurance, 01/18/22, 3:30 pm, 412 Knott Building
1/18/2022 Senate • Introduced -SJ 126
• CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 210
1/19/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 212
1/20/2022 Senate • Now in Appropriations Subcommittee on Agriculture, Environment, and General Government
2/11/2022 Senate • On Committee agenda-- Appropriations Subcommittee on Agriculture, Environment, and General Government, 02/16/22, 1:00 pm, 110 Senate Building
2/16/2022 Senate • Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on Agriculture, Environment, and General Government; YEAS 10 NAYS 0 -SJ 433
2/18/2022 Senate • Now in Appropriations
2/23/2022 Senate • On Committee agenda-- Appropriations, 02/28/22, 10:30 am, 412 Knott Building
2/28/2022 Senate • CS/CS by- Appropriations; YEAS 19 NAYS 0 -SJ 521
3/2/2022 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 03/04/22 -SJ 689
• CS/CS by Appropriations read 1st time -SJ 527
3/4/2022 Senate • Read 2nd time -SJ 664
• Substituted CS/HB 1023 -SJ 665
• Laid on Table, companion bill(s) passed, see CS/HB 1023 (Ch. 2022-139) -SJ 665