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Glossary of Legislative Terms

SB 234: Insurers’ Financial Transactions

GENERAL BILL by Smith

Insurers’ Financial Transactions; Requiring certain insurers to annually provide specified information to the Office of Insurance Regulation; requiring the office to contract annually with a specified entity to conduct a review of certain transactions; prohibiting an insurer from engaging in certain transactions with affiliates; prohibiting an insurer from declaring or paying dividends to shareholders or issuing executive bonuses under certain circumstances, etc.

Effective Date: 7/1/2026
Last Action: 1/13/2026 Senate - Introduced
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    10/17/2025 Senate • Filed
    11/3/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
    1/13/2026 Senate • Introduced

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  • SB 234, Original Filed Version (Current Bill Version) Posted 10/17/2025 at 9:53 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1399 Property Insurance Affiliates Berfield Compare Last Action: 1/23/2026 H Added to Commerce Committee agenda Track This Bill

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    624.424 Annual statement and other information. Page 1 (pdf)
    624.4244 Page 4 (pdf)

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