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CS/SB 1656: Insurance Regulations

GENERAL BILL by Banking and Insurance ; Collins

Insurance Regulations; Providing that the Chief Financial Officer is the agent for service of process on health maintenance organizations; authorizing the Department of Law Enforcement to exchange certain records with the Office of Insurance Regulation; deleting certain provisions relating to credits allowed in specified reinsurance circumstances and relating to assuming insurers’ accreditations; prohibiting personal residential property insurers from submitting more than two use and file filings under certain circumstances; requiring that certain rate filings with the office from residential property insurers include rate transparency reports, etc.

Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2025
Last Action: 3/19/2025 Senate - CS by Banking and Insurance read 1st time
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/28/2025 Senate • Filed
3/7/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
3/10/2025 Senate • Introduced
3/12/2025 Senate • On Committee agenda-- Banking and Insurance, 03/17/25, 1:30 pm, 412 Knott Building
3/17/2025 Senate • CS by Banking and Insurance; YEAS 7 NAYS 0
3/19/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Committee on Agriculture, Environment, and General Government
• CS by Banking and Insurance read 1st time