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CS/CS/SB 282: Warranty Associations

GENERAL BILL by Rules ; Banking and Insurance ; Truenow

Warranty Associations; Revising the requirements of contractual liability insurance policies; revising the circumstances under which certain service warranty associations are not required to establish unearned premium reserves or to maintain contractual liability insurance and are authorized to allow their premiums to exceed specified ratios; requiring that contracts that include coverage for accidental damage from handling be covered by a specified policy, etc.

Effective Date: 7/1/2025
 Last Action: 3/26/2025 Senate - CS/CS by Rules read 1st time
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    1/16/2025 Senate • Filed
    1/29/2025 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules
    2/24/2025 Senate • On Committee agenda-- Banking and Insurance, 03/03/25, 1:00 pm, 412 Knott Building
    3/3/2025 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    3/4/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Introduced
    3/5/2025 Senate • Now in Commerce and Tourism
    • On Committee agenda-- Commerce and Tourism, 03/10/25, 1:30 pm, 110 Senate Building
    3/10/2025 Senate • Favorable by Commerce and Tourism; YEAS 8 NAYS 0
    • CS by Banking and Insurance read 1st time
    3/11/2025 Senate • Now in Rules
    3/14/2025 Senate • On Committee agenda-- Rules, 03/19/25, 11:30 am, 412 Knott Building
    3/19/2025 Senate • CS/CS by- Rules; YEAS 25 NAYS 0
    3/20/2025 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading
    3/26/2025 Senate • CS/CS by Rules read 1st time

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  • CS/CS/SB 282, Committee Substitute 2 (Current Bill Version) Posted 3/20/2025 at 10:08 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 367 (c2) Home and Service Warranty Association Financial Requirements Conerly Similar Last Action: 3/20/2025 H Added to Second Reading Calendar Track This Bill

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    634.3077 Financial requirements. Page 1 (pdf)
    634.406 Financial requirements. Page 3 (pdf)
    634.414 Forms; required provisions. Page 7 (pdf)

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  • CS/SB 282, Committee Substitute 1 Posted 3/4/2025 at 5:52 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 3/7/2025 (pdf)
    Commerce and Tourism (Post-Meeting) 3/10/2025 (pdf)
    Rules (Pre-Meeting) 3/18/2025 (pdf)
    Rules (Post-Meeting) 3/19/2025 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 367 (c2) Home and Service Warranty Association Financial Requirements Conerly Similar Last Action: 3/20/2025 H Added to Second Reading Calendar Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    103856 - Amendment
    Delete lines 51 - 102 and insert:     		Rules
    (Truenow)     		3/18/2025
    11:23 AM     		Replaced by Committee Substitute
    3/19/2025     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    3/10/2025 1:30 PM Commerce and Tourism 8 Yeas - 0 Nays
    3/19/2025 11:30 AM Rules 25 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    634.3077 Financial requirements. Page 1 (pdf)
    634.406 Financial requirements. Page 2 (pdf)
    634.414 Forms; required provisions. Page 7 (pdf)

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  • SB 282, Original Filed Version Posted 1/16/2025 at 8:47 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/28/2025 (pdf)
    Banking and Insurance (Post-Meeting) 3/4/2025 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 367 Home and Service Warranty Association Financial Requirements Conerly Similar Last Action: 3/20/2025 H Added to Second Reading Calendar Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    402930 - Amendment
    Delete lines 146 - 174 and insert:     		Banking and Insurance
    (Truenow)     		2/28/2025
    12:30 PM     		Replaced by Committee Substitute
    3/3/2025     		Web Page
    PDF
    633904 - Title Amendment
    In title, delete lines 2 - 3 and insert:     		Banking and Insurance
    (Truenow)     		2/28/2025
    12:31 PM     		Replaced by Committee Substitute
    3/3/2025     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/3/2025 1:00 PM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    634.3077 Financial requirements. Page 1 (pdf)
    634.406 Financial requirements. Page 2 (pdf)

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