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CS/HB 509: Insurance Corporations

GENERAL BILL by Regulatory Affairs Committee ; Van Zant

Insurance Corporations; Provides that certain corporations include licensed mutual insurers as well as licensed stock insurers; authorizes mutual insurance holding company to acquire certain interests or assets in specified not-for-profit entities; authorizes articles of incorporation & bylaws of mutual insurance holding company to provide restrictions with respect to certain rights of class of members consisting of policyholders in not-for-profit health care plan; provides requirements & applicability with respect to dividends or distributions by not-for-profit insurance company subsidiary to its mutual insurance holding company; revises definition of term "distribution" to provide construction with respect to dividends or distribution by not-for-profit insurance company subsidiary to its mutual insurance holding company.

Effective Date: upon becoming a law
Last Action: 4/26/2013 House - Laid on Table, companion bill(s) passed, see SB 356 (Ch. 2013-125) -HJ 904
Location: Laid on Table
Bill Text: PDF



Bill History

Date Chamber Action
1/23/2013 House • Filed
2/6/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 59
3/4/2013 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/06/13, 1:00 pm, 404 HOB
3/5/2013 House • Introduced -HJ 59
3/6/2013 House • Favorable by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 216
3/11/2013 House • Now in Government Operations Appropriations Subcommittee -HJ 216
3/18/2013 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 03/20/13, 1:00 pm, Morris Hall
3/20/2013 House • Favorable by Government Operations Appropriations Subcommittee; YEAS 11 NAYS 0 -HJ 306
• Now in Regulatory Affairs Committee -HJ 306
3/25/2013 House • On Committee agenda-- Regulatory Affairs Committee, 03/27/13, 2:00 pm, 404 HOB
3/27/2013 House • CS by- Regulatory Affairs Committee; YEAS 13 NAYS 0 -HJ 414
4/3/2013 House • Pending review of CS -under Rule 7.19(c)
• CS by Regulatory Affairs Committee read 1st time -HJ 412
4/4/2013 House • Placed on Calendar -HJ 433
4/24/2013 House • Placed on Special Order Calendar, 04/26/13
4/26/2013 House • Substituted SB 356 -HJ 904
• Laid on Table, companion bill(s) passed, see SB 356 (Ch. 2013-125) -HJ 904