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.
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 |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| S 1658 (c1) | Public Records/Uniform Mitigation Verification Inspection Form Database | Collins | Linked | Last Action: 3/19/2025 S CS by Banking and Insurance read 1st time |
|
| H 1141 | Insurance Regulations | Fabricio | Similar | Last Action: 2/26/2025 H Withdrawn prior to introduction |
|
| H 1429 | Insurance Regulations | Fabricio | Similar | Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee |
|
| H 763 | Consumer Guide to Homeowner's Insurance | Benarroch | Compare | Last Action: 3/4/2025 H 1st Reading (Original Filed Version) |
|
| H 1431 | Pub. Rec./Uniform Mitigation Verification Inspection Forms | Chaney | Compare | Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee |
|
| S 888 (c1) | Consumer Transparency for Homeowners’ Insurance | Avila | Compare | Last Action: 3/26/2025 S CS by Banking and Insurance read 1st time |
|
Bill Text
| Version | Posted | Format |
|---|---|---|
| S 1656 Filed | 2/28/2025 8:26 AM | Web Page | PDF |
| S 1656 c1 | 3/19/2025 2:59 PM | Web Page | PDF |
Committee Amendments
Floor Amendments
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| Bill Analysis | S 1656 | Banking and Insurance (Pre-Meeting) | 3/14/2025 1:22 PM | |
| Bill Analysis | S 1656 | Banking and Insurance (Post-Meeting) | 3/19/2025 2:32 PM |
Vote History - Committee
| Version | Committee | Date | Result |
|---|---|---|---|
| S 1656 Filed | Banking and Insurance | 3/17/2025 1:30 PM | 7 Yeas - 0 Nays |
Vote History - Floor
No Vote History AvailableCitations - Statutes (84)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 48.151 | Service on statutory agents for certain persons. | Page 13 (pdf) |
| 252.63 | Commissioner of Insurance Regulation; powers in a state of emergency. | Page 13 (pdf) |
| 624.307 | General powers; duties. | Page 132 (pdf) |
| 624.341 | Page 14 (pdf) | |
| 624.4085 | Risk-based capital requirements for insurers. | Page 17 (pdf) |
| 624.422 | Service of process; appointment of Chief Financial Officer as process agent. | Page 17 (pdf) |
| 624.424 | Annual statement and other information. | Page 17 (pdf) |
| 624.45 | Participation of financial institutions in reinsurance and in insurance exchanges. | Page 18 (pdf) |
| 624.610 | Reinsurance. | Page 19 (pdf) |
| 626.9651 | Privacy. | Page 22 (pdf) |
| 627.062 | Rate standards. | Page 24 (pdf) |
| 627.0621 | Transparency in rate regulation. | Page 26 (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 132 (pdf) |
| 627.6475 | Individual reinsurance pool. | Page 133 (pdf) |
| 627.657 | Provisions of group health insurance policies. | Page 137 (pdf) |
| 627.6699 | Employee Health Care Access Act. | Page 37 (pdf) |
| 627.66997 | Stop-loss insurance. | Page 138 (pdf) |
| 627.711 | Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form. | Page 51 (pdf) |
| 627.7152 | Assignment agreements. | Page 51 (pdf) |
| 627.9145 | Page 52 (pdf) | |
| 627.915 | Insurer experience reporting. | Page 53 (pdf) |
| 628.081 | Incorporation of domestic insurer. | Page 55 (pdf) |
| 628.091 | Filing, approval of articles of incorporation. | Page 55 (pdf) |
| 628.111 | Amendment of articles of incorporation; mutual insurer. | Page 56 (pdf) |
| 628.461 | Acquisition of controlling stock. | Page 57 (pdf) |
| 628.4615 | Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. | Page 58 (pdf) |
| 628.717 | Filing of articles of incorporation. | Page 59 (pdf) |
| 628.719 | Amendment of articles of incorporation. | Page 59 (pdf) |
| 628.910 | Incorporation options and requirements. | Page 60 (pdf) |
| 629.011 | Definitions. | Page 61 (pdf) |
| 629.071 | Surplus funds required. | Page 62 (pdf) |
| 629.081 | Organization of reciprocal insurer. | Page 62 (pdf) |
| 629.082 | Page 63 (pdf) | |
| 629.1015 | Page 63 (pdf) | |
| 629.121 | Attorney’s bond. | Page 64 (pdf) |
| 629.162 | Page 64 (pdf) | |
| 629.163 | Page 65 (pdf) | |
| 629.164 | Page 66 (pdf) | |
| 629.171 | Annual statement. | Page 67 (pdf) |
| 629.181 | Financial condition; method of determining. | Page 67 (pdf) |
| 629.201 | Subscribers’ advisory committee. | Page 68 (pdf) |
| 629.271 | Distribution of savings. | Page 69 (pdf) |
| 629.291 | Merger or conversion. | Page 70 (pdf) |
| 629.301 | Impaired reciprocal insurers. | Page 70 (pdf) |
| 629.401 | Insurance exchange. | Page 71 (pdf) |
| 629.520 | Authority of a limited reciprocal insurer. | Page 71 (pdf) |
| 629.56 | Page 71 (pdf) | |
| 634.401 | Definitions. | Page 71 (pdf) |
| 641.2012 | Page 72 (pdf) | |
| 641.26 | Annual and quarterly reports. | Page 72 (pdf) |
| 641.283 | Page 75 (pdf) | |
| 651.011 | Definitions. | Page 76 (pdf) |
| 651.018 | Administrative supervision. | Page 79 (pdf) |
| 651.019 | New financing, additional financing, or refinancing. | Page 80 (pdf) |
| 651.0212 | Page 81 (pdf) | |
| 651.0215 | Consolidated application for a provisional certificate of authority and a certificate of authority; required restrictions on use of entrance fees. | Page 83 (pdf) |
| 651.022 | Provisional certificate of authority; application. | Page 84 (pdf) |
| 651.023 | Certificate of authority; application. | Page 87 (pdf) |
| 651.024 | Acquisition. | Page 88 (pdf) |
| 651.0246 | Expansions. | Page 89 (pdf) |
| 651.026 | Annual reports. | Page 93 (pdf) |
| 651.0261 | Quarterly and monthly statements. | Page 95 (pdf) |
| 651.033 | Escrow accounts. | Page 96 (pdf) |
| 651.034 | Financial and operating requirements for providers. | Page 98 (pdf) |
| 651.035 | Minimum liquid reserve requirements. | Page 99 (pdf) |
| 651.043 | Approval of change in management. | Page 105 (pdf) |
| 651.071 | Contracts as preferred claims on liquidation or receivership. | Page 106 (pdf) |
| 651.085 | Quarterly meetings between residents and the governing body of the provider; resident representation before the governing body of the provider. | Page 106 (pdf) |
| 651.087 | Page 107 (pdf) | |
| 651.091 | Availability, distribution, and posting of reports and records; requirement of full disclosure. | Page 108 (pdf) |
| 651.104 | Page 109 (pdf) | |
| 651.1041 | Page 113 (pdf) | |
| 651.1043 | Page 114 (pdf) | |
| 651.1045 | Page 116 (pdf) | |
| 651.105 | Examination. | Page 119 (pdf) |
| 651.1065 | Soliciting or accepting new continuing care contracts by impaired or insolvent facilities or providers. | Page 122 (pdf) |
| 651.107 | Duration of suspension; obligations during suspension period; reinstatement. | Page 123 (pdf) |
| 651.108 | Administrative fines. | Page 124 (pdf) |
| 651.113 | Page 124 (pdf) | |
| 651.114 | Delinquency proceedings; remedial rights. | Page 127 (pdf) |
| 651.1165 | Page 129 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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