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CS/CS/HB 487: Department of Financial Services

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Salzman

Department of Financial Services; Revises eligibility for plans of deferred compensation established by CFO; authorizes judge of compensation claims to order injured employee's evaluation by expert medical advisor; revises conditions for nonprofit religious organization to be exempt from requirements of insurance code; adds limited license for transacting preneed funeral agreement insurance; revises licensure requirements for reinsurance intermediary brokers & reinsurance intermediary managers; authorizes certain persons to obtain limited license to sell only policies of life insurance covering expense of prearrangement for funeral services or merchandise; revises requirements, conditions, & procedures for bail bond agency license.

Effective Date: 5/25/2023
Last Action: 5/26/2023 - Chapter No. 2023-144
Bill Text: PDF
Senate Committee References:
  1. Fiscal Policy (FP)



Bill History

Date Chamber Action
1/24/2023 House • Filed
2/1/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to Appropriations Committee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/7/2023 House • 1st Reading (Original Filed Version)
3/17/2023 House • Added to Insurance & Banking Subcommittee agenda
3/21/2023 House • Favorable with CS by Insurance & Banking Subcommittee
3/30/2023 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
3/31/2023 House • Referred to Appropriations Committee
• Referred to Commerce Committee
• Now in Appropriations Committee
4/10/2023 House • Added to Appropriations Committee agenda
4/12/2023 House • Favorable by Appropriations Committee
• Reported out of Appropriations Committee
• Now in Commerce Committee
4/13/2023 House • PCS added to Commerce Committee agenda
4/18/2023 House • Favorable with CS by Commerce Committee
4/20/2023 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• Bill added to Special Order Calendar (4/25/2023)
• 1st Reading (Committee Substitute 2)
4/25/2023 House • Read 2nd time
• Amendment 186023 adopted
• Amendment 355413 adopted
• Amendment 880299 adopted
• Placed on 3rd reading
• Added to Third Reading Calendar
4/26/2023 House • Read 3rd time
• CS passed as amended; YEAS 75, NAYS 40
4/26/2023 Senate • In Messages
• Referred to Fiscal Policy
• Received
4/28/2023 Senate • Withdrawn from Fiscal Policy -SJ 620
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/CS/SB 1158 -SJ 621
• Read 2nd time -SJ 620
• Amendment(s) adopted (118852, 861932) -SJ 621
• Read 3rd time -SJ 622
• CS passed as amended; YEAS 37 NAYS 0 -SJ 622
4/28/2023 House • In Messages
5/3/2023 House • Added to Senate Message List
• Amendment 861932 Concur
• Amendment 118852 Concur
• CS passed as amended; YEAS 112, NAYS 0
• Ordered engrossed, then enrolled
5/16/2023 • Signed by Officers and presented to Governor
5/25/2023 • Approved by Governor
5/26/2023 • Chapter No. 2023-144