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Glossary of Legislative Terms

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 Last Action: 5/3/2025 Senate - Indefinitely postponed and withdrawn from consideration
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Rules (RC)

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  • 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
    5/3/2025 Senate • Indefinitely postponed and withdrawn from consideration

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  • CS/SB 1656, Committee Substitute 1 (Current Bill Version) Posted 3/19/2025 at 2:59 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (9)

    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: 5/3/2025 S Indefinitely postponed and withdrawn from consideration Track This Bill
    H 1141 Insurance Regulations Fabricio Similar Last Action: 2/26/2025 H Withdrawn prior to introduction Track This Bill
    H 1429 Insurance Regulations Fabricio Similar Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill
    H 643 (c2) Insurance Insurance & Banking Subcommittee Compare Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration Track This Bill
    H 763 Consumer Guide to Homeowner's Insurance Benarroch Compare Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill
    H 881 (c1) Insurance Insurance & Banking Subcommittee Compare Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill
    H 991 (c2) Community and Economic Development State Affairs Committee Compare Last Action: 4/25/2025 H Laid on Table, refer to CS/SB 110 Track This Bill
    H 1431 Pub. Rec./Uniform Mitigation Verification Inspection Forms Chaney Compare Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill
    S 888 (c1) Consumer Transparency for Homeowners’ Insurance Avila Compare Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration Track This Bill

    Citations - 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)

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  • SB 1656, Original Filed Version Posted 2/28/2025 at 8:26 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 3/14/2025 (pdf)
    Banking and Insurance (Post-Meeting) 3/19/2025 (pdf)

    Related Bills (4)

    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: 5/3/2025 S Indefinitely postponed and withdrawn from consideration Track This Bill
    H 1141 Insurance Regulations Fabricio Similar Last Action: 2/26/2025 H Withdrawn prior to introduction Track This Bill
    H 1429 Insurance Regulations Fabricio Similar Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill
    H 1431 Pub. Rec./Uniform Mitigation Verification Inspection Forms Chaney Compare Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    586096 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Collins)     		3/14/2025
    4:04 PM     		Replaced by Committee Substitute
    3/19/2025     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/17/2025 1:30 PM Banking and Insurance 7 Yeas - 0 Nays

    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)

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