HB 1399: Property Insurance Affiliates
GENERAL BILL by Berfield
Property Insurance Affiliates ; Requires insurers to provide to OIR documentation demonstrating that financial considerations & payments to affiliates are fair & reasonable; requires office to consider certain factors to determine whether such considerations & payments are fair & reasonable; requires compensation arrangements between insurers & affiliates to be structured as fees for service; requires insurers to submit, & office to review, audited financial statements; requires contracts between insurers & affiliates to contain certain provisions; authorizes office to issue orders restricting fund transfers from insurers to affiliates under certain circumstances; requires affiliates to make certain refunds under certain circumstances; provides authority of office over affiliate dividends; requires affiliates to register with office.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/9/2026 | House |
• Filed |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 1/15/2026 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/16/2026 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 1/21/2026 | House |
• Favorable by Insurance & Banking Subcommittee |
| 1/22/2026 | House |
• Reported out of Insurance & Banking Subcommittee • Now in Commerce Committee |
| 1/23/2026 | House |
• Added to Commerce Committee agenda |
| 1/27/2026 | House |
• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 1/29/2026 | House |
• Bill added to Special Order Calendar (2/4/2026) |
| 2/4/2026 | House |
• Read 2nd time • Added to Third Reading Calendar • Read 3rd time • Passed; YEAS 106, NAYS 3 |
| 2/4/2026 | Senate |
• In Messages |
