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CS/CS/CS/SB 408: Property and Casualty Insurance

GENERAL BILL by Rules ; Budget Subcommittee on General Government Appropriations ; Banking and Insurance ; Richter ; (CO-INTRODUCERS) Hays

Property and Casualty Insurance; Specifies a statute of limitation for a breach of a property insurance contract runs from the date of loss. Revises the definition of "losses," relating to the Florida Hurricane Catastrophe Fund, to include and exclude certain losses. Authorizes an insurer to renegotiate the terms of a surplus note issued before a certain date. Revises the amount of surplus funds required for domestic insurers applying for a certificate of authority. Authorizes the OIR to reduce the surplus requirement under specified circumstances, etc.

Effective Date: May 17, 2011 except as otherwise provided
Last Action: 5/17/2011 - Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
Location: Became Law
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Budget Subcommittee on General Government Appropriations (BGA)
  3. Budget (BC)
  4. Rules (RC)



Bill History

Date Chamber Action
1/12/2011 Senate • Filed
1/21/2011 Senate • Referred to Banking and Insurance; Budget; Rules -SJ 39
• On Committee agenda-- Banking and Insurance, 01/25/11, 1:45 pm, 412 Knott Building --Amendments adopted-Temporarily postponed
1/27/2011 Senate • On Committee agenda-- Banking and Insurance, 02/07/11, 10:15 am, 412 Knott Building --Temporarily Postponed
2/11/2011 Senate • On Committee agenda-- Banking and Insurance, 02/22/11, 1:00 pm, 412 Knott Building
2/22/2011 Senate • CS by Banking and Insurance; YEAS 7 NAYS 3 -SJ 118
2/24/2011 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/25/2011 Senate • Now in Budget -SJ 118
3/8/2011 Senate • Introduced -SJ 38
• Subreferred to Budget Subcommittee on General Government Appropriations -SJ 109
• Now in Budget Subcommittee on General Government Appropriations
• On Committee agenda-- Budget Subcommittee on General Government Appropriations, 03/11/11, 8:00 am, 401 Senate Office Building
• CS by Banking and Insurance read 1st time -SJ 112
3/11/2011 Senate • CS/CS by Budget Subcommittee on General Government Appropriations; YEAS 6 NAYS 0 -SJ 204
3/14/2011 Senate • Now in Budget -SJ 204
• On Committee agenda-- Budget, 03/15/11, 3:15 pm, 412 Knott Building ---Amendments adopted-Temporarily postponed
• CS/CS by Budget Subcommittee on General Government Appropriations read 1st time -SJ 211
3/17/2011 Senate • On Committee agenda-- Budget, 03/22/11, 10:15 am, 412 Knott Building
3/22/2011 Senate • Favorable with 2 amendment(s) by Budget (749848, 901222); YEAS 12 NAYS 8 -SJ 236
• Pending reference review under Rule 4.7(2) - (Amendments)
3/31/2011 Senate • Now in Rules -SJ 236
• On Committee agenda-- Rules, 04/05/11, 8:00 am, 110 Senate Office Building
4/5/2011 Senate • CS/CS/CS by- Rules; YEAS 9 NAYS 3 -SJ 461
4/7/2011 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• CS/CS/CS by Rules read 1st time -SJ 462
• Placed on Calendar, on 2nd reading -SJ 461
4/25/2011 Senate • Placed on Special Order Calendar, 04/27/11
4/27/2011 Senate • Read 2nd time -SJ 516
• Amendment(s) adopted (117314, 136604, 151382, 343842, 407132, 426476, 453922, 488760, 544312, 762998, 926644, 957742) -SJ 517
• Amendment(s) failed (173446, 415180, 445890, 544312) -SJ 517
• Ordered engrossed -SJ 521
• Placed on 3rd reading
4/28/2011 Senate • Read 3rd time -SJ 559
• Amendment(s) adopted (793532, 885590) -SJ 560
• CS passed as amended; YEAS 25 NAYS 12 -SJ 561
4/29/2011 House • In Messages
5/2/2011 House • Referred to Calendar -HJ 1009
• Placed on Special Order Calendar, 05/03/11
• Received -HJ 1008
5/3/2011 House • Read 2nd time -HJ 1067
• Amendment(s) adopted (399507) -HJ 1068
• Placed on 3rd reading
5/4/2011 House • Read 3rd time -HJ 1129
• CS passed as amended; YEAS 85 NAYS 33 -HJ 1131
5/4/2011 Senate • In returning messages
5/5/2011 Senate • Amendment(s) to House amendment(s) failed (345548, 499748, 975732) -SJ 976, 1001
• Concurred in 1 amendment(s) (399507) -SJ 1002
• CS passed as amended; YEAS 26 NAYS 11 -SJ 1002
• Ordered engrossed, then enrolled -SJ 1002
5/11/2011 • Signed by Officers and presented to Governor
5/17/2011 • Approved by Governor
• Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)