CS/SB 7052: Insurer Accountability
GENERAL BILL by Fiscal Policy ; Banking and Insurance
Insurer Accountability; Specifying a requirement for the Office of Insurance Regulation in referring criminal violations; authorizing electronic responses to certain requests from the Division of Consumer Services of the Department of Financial Services concerning consumer complaints; revising requirements and conditions for certain insurer market conduct examinations after a hurricane; specifying factors the office may consider in determining whether the continued operation of an insurer may be deemed to be hazardous to its policyholders or creditors or to the general public; revising and specifying applicable fines for unfair methods of competition and unfair or deceptive acts or practices, etc. APPROPRIATION: $3,171,718
- Fiscal Policy (FP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/31/2023 | Senate |
• Submitted for consideration by Banking and Insurance • On Committee agenda-- Banking and Insurance, 04/05/23, 8:30 am, 412 Knott Building |
| 4/5/2023 | Senate |
• Submitted as Committee Bill and Reported Favorably by Banking and Insurance; YEAS 8 NAYS 0 • Filed |
| 4/6/2023 | Senate |
• Referred to Fiscal Policy |
| 4/11/2023 | Senate |
• Introduced |
| 4/17/2023 | Senate |
• On Committee agenda-- Fiscal Policy, 04/20/23, 9:30 am, 412 Knott Building |
| 4/20/2023 | Senate |
• CS by- Fiscal Policy; YEAS 14 NAYS 1 |
| 4/24/2023 | Senate |
• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • Placed on Calendar, on 2nd reading • Placed on Special Order Calendar, 04/26/23 |
| 4/25/2023 | Senate |
• CS by Fiscal Policy read 1st time |
| 4/26/2023 | Senate |
• Read 2nd time -SJ 504 • Amendment(s) adopted (543692) -SJ 515 • Read 3rd time -SJ 515 • CS passed as amended; YEAS 39 NAYS 0 -SJ 515 |
| 4/26/2023 | House |
• In Messages |
| 5/1/2023 | House |
• Bill referred to House Calendar • Bill added to Special Order Calendar (5/2/2023) • 1st Reading (Engrossed 1) |
| 5/2/2023 | House |
• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar |
| 5/3/2023 | House |
• Read 3rd time • CS passed; YEAS 113, NAYS 0 |
| 5/3/2023 | Senate |
• Ordered enrolled |
| 5/16/2023 |
• Signed by Officers and presented to Governor |
|
| 5/31/2023 |
• Approved by Governor |
|
| 6/1/2023 |
• Chapter No. 2023-172 |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| H 7065 (c1) | Insurer Accountability | Appropriations Committee | Similar | Last Action: 5/2/2023 H Laid on Table; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172) |
|
| H 1431 | Insurance | Roach | Compare | Last Action: 5/5/2023 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172) |
|
| S 1340 | Insurance | Grall | Compare | Last Action: 5/5/2023 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 7052 (Ch. 2023-172) |
|
Bill Text
| Version | Posted | Format |
|---|---|---|
| S 7052 pb | 4/3/2023 5:41 PM | Web Page | PDF |
| S 7052 Filed | 4/5/2023 3:02 PM | Web Page | PDF |
| S 7052 c1 | 4/24/2023 11:47 AM | Web Page | PDF |
| S 7052 e1 | 4/26/2023 5:25 PM | Web Page | PDF |
| S 7052 er | 5/4/2023 10:11 PM | Web Page | PDF |
Committee Amendments
| Amendment | Sponsor | Filed | Last Committee Action | Format |
|---|---|---|---|---|
|
592450 - Amendment (Delete All) Delete everything after the enacting clause and insert: |
Fiscal Policy (Hutson) |
4/19/2023 8:48 AM |
Replaced by Substitute Amendment
4/21/2023 |
Web Page
|
451290 - Substitute Amendment (Delete All) (592450) Delete everything after the enacting clause and insert: |
Fiscal Policy (Hutson) |
4/19/2023 4:04 PM |
Replaced by Committee Substitute
4/21/2023 |
Web Page
|
Floor Amendments
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
543692 - Amendment (Delete All) Delete everything after the enacting clause and insert: |
Hutson |
4/25/2023 1:52 PM |
Senate:
Adopted
4/26/2023 |
Web Page
|
|
697804 - Amendment to Amendment (543692) Delete line 553 and insert: |
Hutson |
4/25/2023 4:40 PM |
Senate:
Adopted
4/26/2023 |
Web Page
|
| Amendments | Sponsor | Filed | Last Floor Action | Format |
|---|---|---|---|---|
|
391489 - Strike All Amendment Remove everything after the enacting clause and insert: |
Duggan |
5/2/2023 7:54 AM |
House:
Withdrawn
5/2/2023 |
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| Bill Analysis | S 7052 | Banking and Insurance (Pre-Meeting) | 4/4/2023 8:24 AM | |
| Bill Analysis | S 7052 | Banking and Insurance (Post-Meeting) | 4/5/2023 5:25 PM | |
| Bill Analysis | S 7052 | Fiscal Policy (Pre-Meeting) | 4/19/2023 8:00 AM | |
| Bill Analysis | S 7052 | Fiscal Policy (Post-Meeting) | 4/24/2023 11:37 AM |
Vote History - Committee
| Version | Committee | Date | Result |
|---|---|---|---|
| S 7052 pb | Banking and Insurance | 4/5/2023 8:30 AM | 8 Yeas - 0 Nays |
| S 7052 Filed | Fiscal Policy | 4/20/2023 9:30 AM | 14 Yeas - 1 Nays |
Vote History - Floor
| Vote | Date | Chamber | Result |
|---|---|---|---|
| S 7052 c1 | 4/26/2023 5:12 PM | Senate | 39 Yeas - 0 Nays |
| S 7052 e1 | 5/3/2023 11:06 AM | House | 113 Yeas - 0 Nays |
Citations - Statutes (22)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 624.115 | Page 5 (pdf) | |
| 624.307 | General powers; duties. | Page 5 (pdf) |
| 624.315 | Annual report. | Page 6 (pdf) |
| 624.316 | Examination of insurers. | Page 7 (pdf) |
| 624.3161 | Market conduct examinations. | Page 10 (pdf) |
| 624.4211 | Administrative fine in lieu of suspension or revocation. | Page 17 (pdf) |
| 624.4301 | Page 19 (pdf) | |
| 624.805 | Page 20 (pdf) | |
| 624.81 | Notice to comply with written requirements of office; noncompliance. | Page 26 (pdf) |
| 624.865 | Page 27 (pdf) | |
| 626.207 | Disqualification of applicants and licensees; penalties against licensees; rulemaking authority. | Page 31 (pdf) |
| 626.9521 | Unfair methods of competition and unfair or deceptive acts or practices prohibited; penalties. | Page 32 (pdf) |
| 626.9541 | Unfair methods of competition and unfair or deceptive acts or practices defined. | Page 34 (pdf) |
| 626.989 | Investigation by department or Division of Investigative and Forensic Services; compliance; immunity; confidential information; reports to division; division investigator’s power of arrest. | Page 37 (pdf) |
| 627.0629 | Residential property insurance; rate filings. | Page 40 (pdf) |
| 627.351 | Insurance risk apportionment plans. | Page 42 (pdf) |
| 627.410 | Filing, approval of forms. | Page 42 (pdf) |
| 627.4108 | Page 43 (pdf) | |
| 627.4133 | Notice of cancellation, nonrenewal, or renewal premium. | Page 45 (pdf) |
| 627.701 | Liability of insureds; coinsurance; deductibles. | Page 47 (pdf) |
| 627.70132 | Notice of property insurance claim. | Page 49 (pdf) |
| 628.8015 | Own-risk and solvency assessment; corporate governance annual disclosure. | Page 27 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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