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.
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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
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HB 1399, Original Filed Version (Current Bill Version) Posted 1/9/2026 at 1:34 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 1/22/2026 (pdf)
Commerce Committee (Post-Meeting) 1/27/2026 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 234 Insurers’ Financial Transactions Smith Compare Last Action: 1/13/2026 S Introduced 
Floor Votes (1)
Date Chamber Result 2/4/2026 5:58 PM House 106 Yeas - 3 Nays Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 624.44101 Page 2 (pdf) 624.44102 Page 5 (pdf) 624.44103 Page 7 (pdf) 627.062 Rate standards. Page 11 (pdf)