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
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HB 1399, Original Filed Version (Current Bill Version) Posted 1/9/2026 at 1:34 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 234 Insurers’ Financial Transactions Smith Compare Last Action: 11/3/2025 S Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy 
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)