HB 1141: Insurance Regulations
GENERAL BILL by Fabricio
Insurance Regulations; Requires documentation supporting that financial considerations & payments to affiliates by reciprocal insurers are fair & reasonable; authorizes reciprocal insurers to require subscriber contributions; provides applicability of specialty insurer provisions & nonapplicability of continuing care provider requirements to bondholders; specifies circumstances under which continuing care providers may withdraw specified percentage of required minimum liquid reserve; provides that continuing care & continuing care at-home contracts are not subordinate to any secured claims & must be treated with higher priority over all other claims in event of receivership or liquidation proceedings against continuing care provider; requires each continuing care facility to have its own designated resident representative; provides requirements for providers who borrow or solicit funds from residents; prohibits persons from acting or holding themselves as management companies for continuing care retirement communities without certificate of authority; provides guidelines for commissioner to determine if provider or facility is insolvent or in imminent danger of becoming insolvent; requires office to record notices of lien against continuing care facilities' properties.
Last Action: 2/26/2025 House - Withdrawn prior to introduction
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/26/2025 | House |
• Filed • Withdrawn prior to introduction |
Related Bills
No Related Bills AvailableCommittee Amendments
Floor Amendments
Bill Analyses
No Bill Analyses AvailableVote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - Statutes (83)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 48.151 | Service on statutory agents for certain persons. | Page 14 (pdf) |
| 252.63 | Commissioner of Insurance Regulation; powers in a state of emergency. | Page 15 (pdf) |
| 624.4085 | Risk-based capital requirements for insurers. | Page 15 (pdf) |
| 624.422 | Service of process; appointment of Chief Financial Officer as process agent. | Page 16 (pdf) |
| 624.45 | Participation of financial institutions in reinsurance and in insurance exchanges. | Page 16 (pdf) |
| 624.610 | Reinsurance. | Page 17 (pdf) |
| 626.9651 | Privacy. | Page 21 (pdf) |
| 627.062 | Rate standards. | Page 23 (pdf) |
| 627.0621 | Transparency in rate regulation. | Page 25 (pdf) |
| 627.0645 | Annual filings. | Page 30 (pdf) |
| 627.0651 | Making and use of rates for motor vehicle insurance. | Page 30 (pdf) |
| 627.4554 | Suitability in annuity transactions. | Page 31 (pdf) |
| 627.642 | Outline of coverage. | Page 159 (pdf) |
| 627.6475 | Individual reinsurance pool. | Page 161 (pdf) |
| 627.657 | Provisions of group health insurance policies. | Page 165 (pdf) |
| 627.6699 | Employee Health Care Access Act. | Page 39 (pdf) |
| 627.66997 | Stop-loss insurance. | Page 166 (pdf) |
| 627.711 | Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form. | Page 54 (pdf) |
| 627.7152 | Assignment agreements. | Page 55 (pdf) |
| 627.9145 | Page 56 (pdf) | |
| 627.915 | Insurer experience reporting. | Page 56 (pdf) |
| 628.081 | Incorporation of domestic insurer. | Page 59 (pdf) |
| 628.091 | Filing, approval of articles of incorporation. | Page 59 (pdf) |
| 628.111 | Amendment of articles of incorporation; mutual insurer. | Page 60 (pdf) |
| 628.461 | Acquisition of controlling stock. | Page 61 (pdf) |
| 628.4615 | Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. | Page 63 (pdf) |
| 628.717 | Filing of articles of incorporation. | Page 64 (pdf) |
| 628.719 | Amendment of articles of incorporation. | Page 64 (pdf) |
| 628.910 | Incorporation options and requirements. | Page 65 (pdf) |
| 629.011 | Definitions. | Page 66 (pdf) |
| 629.071 | Surplus funds required. | Page 67 (pdf) |
| 629.081 | Organization of reciprocal insurer. | Page 68 (pdf) |
| 629.082 | Page 68 (pdf) | |
| 629.1015 | Page 68 (pdf) | |
| 629.121 | Attorney’s bond. | Page 70 (pdf) |
| 629.162 | Page 71 (pdf) | |
| 629.163 | Page 71 (pdf) | |
| 629.164 | Page 72 (pdf) | |
| 629.171 | Annual statement. | Page 73 (pdf) |
| 629.181 | Financial condition; method of determining. | Page 74 (pdf) |
| 629.201 | Subscribers’ advisory committee. | Page 75 (pdf) |
| 629.271 | Distribution of savings. | Page 76 (pdf) |
| 629.291 | Merger or conversion. | Page 77 (pdf) |
| 629.301 | Impaired reciprocal insurers. | Page 77 (pdf) |
| 629.401 | Insurance exchange. | Page 78 (pdf) |
| 629.520 | Authority of a limited reciprocal insurer. | Page 79 (pdf) |
| 629.56 | Page 79 (pdf) | |
| 634.401 | Definitions. | Page 79 (pdf) |
| 641.2012 | Page 80 (pdf) | |
| 641.26 | Annual and quarterly reports. | Page 80 (pdf) |
| 641.283 | Page 83 (pdf) | |
| 651.011 | Definitions. | Page 84 (pdf) |
| 651.018 | Administrative supervision. | Page 88 (pdf) |
| 651.019 | New financing, additional financing, or refinancing. | Page 89 (pdf) |
| 651.0212 | Page 90 (pdf) | |
| 651.0215 | Consolidated application for a provisional certificate of authority and a certificate of authority; required restrictions on use of entrance fees. | Page 93 (pdf) |
| 651.022 | Provisional certificate of authority; application. | Page 94 (pdf) |
| 651.023 | Certificate of authority; application. | Page 98 (pdf) |
| 651.024 | Acquisition. | Page 101 (pdf) |
| 651.0246 | Expansions. | Page 102 (pdf) |
| 651.026 | Annual reports. | Page 106 (pdf) |
| 651.0261 | Quarterly and monthly statements. | Page 108 (pdf) |
| 651.033 | Escrow accounts. | Page 110 (pdf) |
| 651.034 | Financial and operating requirements for providers. | Page 113 (pdf) |
| 651.035 | Minimum liquid reserve requirements. | Page 114 (pdf) |
| 651.043 | Approval of change in management. | Page 121 (pdf) |
| 651.055 | Continuing care contracts; right to rescind. | Page 122 (pdf) |
| 651.071 | Contracts as preferred claims on liquidation or receivership. | Page 123 (pdf) |
| 651.085 | Quarterly meetings between residents and the governing body of the provider; resident representation before the governing body of the provider. | Page 123 (pdf) |
| 651.087 | Page 124 (pdf) | |
| 651.091 | Availability, distribution, and posting of reports and records; requirement of full disclosure. | Page 129 (pdf) |
| 651.104 | Page 132 (pdf) | |
| 651.1041 | Page 137 (pdf) | |
| 651.1043 | Page 137 (pdf) | |
| 651.1045 | Page 140 (pdf) | |
| 651.105 | Examination. | Page 144 (pdf) |
| 651.1065 | Soliciting or accepting new continuing care contracts by impaired or insolvent facilities or providers. | Page 147 (pdf) |
| 651.1068 | Page 148 (pdf) | |
| 651.107 | Duration of suspension; obligations during suspension period; reinstatement. | Page 148 (pdf) |
| 651.108 | Administrative fines. | Page 149 (pdf) |
| 651.113 | Page 150 (pdf) | |
| 651.114 | Delinquency proceedings; remedial rights. | Page 154 (pdf) |
| 651.1165 | Page 157 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
Identical bill
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Similar bill
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Compare bill
Bills that have selected provisions that are similar in text.
Linked bill
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.