SB 1656: Office of Insurance Regulation
GENERAL BILL by Collins
Office of Insurance Regulation; Specifying that the Chief Financial Officer is the agent for service of process under certain circumstances for health maintenance organizations; deleting a provision relating to the charge and collection of the actual costs and expenses incurred by the office to review certain requests by the insurer; requiring the Financial Services Commission to adopt rules to ensure the cybersecurity of consumers’ nonpublic insurance data; authorizing personal residential property insurers to submit only one “use and file” filing during a specified timeframe, 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: 2/28/2025 Senate - Filed
Bill Text: Web Page | PDF
Last Action: 2/28/2025 Senate - Filed
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/28/2025 Senate • Filed
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SB 1656, Original Filed Version (Current Bill Version) Posted 2/28/2025 at 8:26 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1658 Public Records/Uniform Mitigation Verification Inspection Form Database Collins Linked Last Action: 2/28/2025 S Filed 
H 1141 Insurance Regulations Fabricio Similar Last Action: 2/26/2025 H Withdrawn prior to introduction
Citations - Statutes (81)
Citation Catchline Location in Bill Location In Bill Help 48.151 Service on statutory agents for certain persons. Page 17 (pdf) 252.63 Commissioner of Insurance Regulation; powers in a state of emergency. Page 18 (pdf) 624.4085 Risk-based capital requirements for insurers. Page 18 (pdf) 624.422 Service of process; appointment of Chief Financial Officer as process agent. Page 19 (pdf) 624.45 Participation of financial institutions in reinsurance and in insurance exchanges. Page 19 (pdf) 624.610 Reinsurance. Page 20 (pdf) 626.9651 Privacy. Page 23 (pdf) 627.062 Rate standards. Page 25 (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 31 (pdf) 627.4554 Suitability in annuity transactions. Page 31 (pdf) 627.642 Outline of coverage. Page 38 (pdf) 627.6475 Individual reinsurance pool. Page 39 (pdf) 627.657 Provisions of group health insurance policies. Page 43 (pdf) 627.6699 Employee Health Care Access Act. Page 44 (pdf) 627.711 Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form. Page 57 (pdf) 627.7152 Assignment agreements. Page 58 (pdf) 627.9145 Page 58 (pdf) 627.915 Insurer experience reporting. Page 59 (pdf) 628.081 Incorporation of domestic insurer. Page 61 (pdf) 628.091 Filing, approval of articles of incorporation. Page 61 (pdf) 628.111 Amendment of articles of incorporation; mutual insurer. Page 62 (pdf) 628.461 Acquisition of controlling stock. Page 63 (pdf) 628.4615 Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. Page 64 (pdf) 628.717 Filing of articles of incorporation. Page 65 (pdf) 628.719 Amendment of articles of incorporation. Page 66 (pdf) 628.910 Incorporation options and requirements. Page 66 (pdf) 629.011 Definitions. Page 67 (pdf) 629.071 Surplus funds required. Page 68 (pdf) 629.081 Organization of reciprocal insurer. Page 69 (pdf) 629.082 Page 69 (pdf) 629.1015 Page 69 (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 74 (pdf) 629.271 Distribution of savings. Page 76 (pdf) 629.291 Merger or conversion. Page 76 (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 78 (pdf) 629.56 Page 78 (pdf) 634.401 Definitions. Page 78 (pdf) 641.2012 Page 79 (pdf) 641.26 Annual and quarterly reports. Page 79 (pdf) 641.283 Page 82 (pdf) 651.011 Definitions. Page 83 (pdf) 651.018 Administrative supervision. Page 86 (pdf) 651.019 New financing, additional financing, or refinancing. Page 87 (pdf) 651.0212 Page 88 (pdf) 651.0215 Consolidated application for a provisional certificate of authority and a certificate of authority; required restrictions on use of entrance fees. Page 90 (pdf) 651.022 Provisional certificate of authority; application. Page 91 (pdf) 651.023 Certificate of authority; application. Page 94 (pdf) 651.024 Acquisition. Page 97 (pdf) 651.0246 Expansions. Page 98 (pdf) 651.026 Annual reports. Page 101 (pdf) 651.0261 Quarterly and monthly statements. Page 103 (pdf) 651.033 Escrow accounts. Page 105 (pdf) 651.034 Financial and operating requirements for providers. Page 107 (pdf) 651.035 Minimum liquid reserve requirements. Page 108 (pdf) 651.043 Approval of change in management. Page 115 (pdf) 651.071 Contracts as preferred claims on liquidation or receivership. Page 115 (pdf) 651.085 Quarterly meetings between residents and the governing body of the provider; resident representation before the governing body of the provider. Page 115 (pdf) 651.087 Page 116 (pdf) 651.091 Availability, distribution, and posting of reports and records; requirement of full disclosure. Page 120 (pdf) 651.104 Page 123 (pdf) 651.1041 Page 127 (pdf) 651.1043 Page 127 (pdf) 651.1045 Page 130 (pdf) 651.105 Examination. Page 133 (pdf) 651.1065 Soliciting or accepting new continuing care contracts by impaired or insolvent facilities or providers. Page 136 (pdf) 651.1068 Page 137 (pdf) 651.107 Duration of suspension; obligations during suspension period; reinstatement. Page 137 (pdf) 651.108 Administrative fines. Page 138 (pdf) 651.113 Page 142 (pdf) 651.114 Delinquency proceedings; remedial rights. Page 144 (pdf) 651.1165 Page 144 (pdf)