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Glossary of Legislative Terms

SB 500: Surplus Requirements for Residential Property Insurers

GENERAL BILL by Stewart

Surplus Requirements for Residential Property Insurers; Increasing the minimum surplus requirement for certain new insurers transacting residential property insurance; increasing, during specified intervals, the minimum surplus requirement for certain current residential property insurers, 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. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    11/16/2023 Senate • Filed
    12/5/2023 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
    1/9/2024 Senate • Introduced
    3/8/2024 Senate • Died in Banking and Insurance

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  • SB 500, Original Filed Version (Current Bill Version) Posted 11/16/2023 at 11:05 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 1 (pdf)
    624.408 Surplus required; current insurers. Page 2 (pdf)

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