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Glossary of Legislative Terms

SB 1194: Insurance

GENERAL BILL by Garcia

Insurance; Creating provisions entitled “Credit Personal Property Insurance”; specifying certain prohibitions for credit personal property insurance; providing requirements for credit personal property insurance coverage; providing enforcement and civil penalties; authorizing the Financial Services Commission to reduce by rule the capital and surplus requirements under certain circumstances; requiring a mortgage guaranty insurer to establish a mortgage guaranty quality assurance program, etc.

Effective Date: 7/1/2024
 Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Fiscal Policy (FP)


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Bill History

Date Chamber Action
1/3/2024 Senate • Filed
1/8/2024 Senate • Referred to Banking and Insurance; Judiciary; Fiscal Policy
1/9/2024 Senate • Introduced
3/8/2024 Senate • Died in Banking and Insurance