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CS/CS/SB 1408: Captive Insurance

GENERAL BILL by Appropriations ; Banking and Insurance ; Richter

Captive Insurance; Replacing the term “captive insurer” with “captive insurance company” in part V of ch. 628, F.S.; expanding the risks that an industrial insured capital insurance company may insure; providing that an industrial insured captive insurance company may provide certain insurance if the company has and maintains unencumbered capital and surplus of a certain amount; conforming terms and requiring captive insurance companies to deposit and maintain securities for the protection of policyholders, etc.

Effective Date: 7/1/2013
 Last Action: 4/29/2013 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1191 (Ch. 2013-209) -SJ 751
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    3/1/2013 Senate • Filed
    3/6/2013 Senate • Referred to Banking and Insurance; Commerce and Tourism; Appropriations -SJ 160
    3/7/2013 Senate • Introduced -SJ 160
    4/4/2013 Senate • On Committee agenda-- Banking and Insurance, 04/09/13, 1:30 pm, 110 Senate Office Building
    4/9/2013 Senate • CS by Banking and Insurance; YEAS 12 NAYS 0 -SJ 422
    4/11/2013 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Commerce and Tourism -SJ 422
    • CS by Banking and Insurance read 1st time -SJ 427
    4/12/2013 Senate • On Committee agenda-- Commerce and Tourism, 04/15/13, 3:30 pm, 110 Senate Office Building
    4/15/2013 Senate • Favorable by Commerce and Tourism; YEAS 11 NAYS 0 -SJ 476
    • Now in Appropriations -SJ 476
    4/18/2013 Senate • On Committee agenda-- Appropriations, 04/23/13, 9:00 am, 412 Knott Building
    4/23/2013 Senate • CS/CS by- Appropriations; YEAS 17 NAYS 0 -SJ 659
    4/25/2013 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • CS/CS by Appropriations read 1st time -SJ 666
    4/26/2013 Senate • Placed on Calendar, on 2nd reading -SJ 659
    • Placed on Special Order Calendar, 04/29/13
    4/29/2013 Senate • Read 2nd time -SJ 751
    • Substituted CS/HB 1191 -SJ 751
    • Laid on Table, companion bill(s) passed, see CS/HB 1191 (Ch. 2013-209) -SJ 751

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  • CS/CS/SB 1408, Committee Substitute 2 (Current Bill Version) Posted 4/25/2013 at 3:32 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Post-Meeting) 4/26/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1191 (er) Captive Insurance Nelson Similar Last Action: 6/17/2013 Chapter No. 2013-209
    Location: Became Law     		Track This Bill
    H 635 (e1) Insurance Edwards Compare Last Action: 5/3/2013 H Died in returning Messages, companion bill(s) passed, see CS/HB 157 (Ch. 2013-190), CS/HB 1191 (Ch. 2013-209), CS/CS/HB 7125 (Ch. 2013-160), SB 356 (Ch. 2013-125), CS/CS/SB 468 (Ch. 2013-66), CS/SB 1842 (Ch. 2013-101)
    Location: In returning messages from Senate     		Track This Bill
    S 1046 (c2) Insurance Brandes Compare Last Action: 4/26/2013 S Laid on Table, companion bill(s) passed, see CS/HB 157 (Ch. 2013-190), CS/HB 1191 (Ch. 2013-209), CS/CS/HB 7125 (Ch. 2013-160), SB 356 (Ch. 2013-125), CS/CS/SB 468 (Ch. 2013-66), CS/SB 1842 (Ch. 2013-101) -SJ 706
    Location: Laid on Table     		Track This Bill

    Citations - Statutes (8)

    Citation Catchline Location in Bill Location In Bill Help
    628.901 Definitions. Page 1 (pdf)
    628.905 Licensing; authority. Page 2 (pdf)
    628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 5 (pdf)
    628.909 Applicability of other laws. Page 5 (pdf)
    628.9142 Reinsurance; effect on reserves. Page 6 (pdf)
    628.915 Exemption from compulsory association. Page 7 (pdf)
    628.917 Insolvency and liquidation. Page 7 (pdf)
    628.919 Standards to ensure risk management control by parent company. Page 7 (pdf)

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  • CS/SB 1408, Committee Substitute 1 Posted 4/11/2013 at 11:54 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 4/12/2013 (pdf)
    Commerce and Tourism (Post-Meeting) 4/15/2013 (pdf)
    Appropriations (Pre-Meeting) 4/22/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1191 (c1) Captive Insurance Nelson Similar Last Action: 6/17/2013 Chapter No. 2013-209
    Location: Became Law     		Track This Bill
    H 635 (e1) Insurance Edwards Compare Last Action: 5/3/2013 H Died in returning Messages, companion bill(s) passed, see CS/HB 157 (Ch. 2013-190), CS/HB 1191 (Ch. 2013-209), CS/CS/HB 7125 (Ch. 2013-160), SB 356 (Ch. 2013-125), CS/CS/SB 468 (Ch. 2013-66), CS/SB 1842 (Ch. 2013-101)
    Location: In returning messages from Senate     		Track This Bill
    S 1046 (c2) Insurance Brandes Compare Last Action: 4/26/2013 S Laid on Table, companion bill(s) passed, see CS/HB 157 (Ch. 2013-190), CS/HB 1191 (Ch. 2013-209), CS/CS/HB 7125 (Ch. 2013-160), SB 356 (Ch. 2013-125), CS/CS/SB 468 (Ch. 2013-66), CS/SB 1842 (Ch. 2013-101) -SJ 706
    Location: Laid on Table     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    683692 - Amendment
    Delete lines 51 - 57 and insert:     		Appropriations
    (Richter)     		4/19/2013
    5:01 PM     		Replaced by Committee Substitute
    4/25/2013     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    4/15/2013 3:30 PM Commerce and Tourism 11 Yeas - 0 Nays
    4/23/2013 9:00 AM Appropriations 17 Yeas - 0 Nays

    Citations - Statutes (8)

    Citation Catchline Location in Bill Location In Bill Help
    628.901 Definitions. Page 1 (pdf)
    628.905 Licensing; authority. Page 2 (pdf)
    628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 5 (pdf)
    628.909 Applicability of other laws. Page 5 (pdf)
    628.9142 Reinsurance; effect on reserves. Page 6 (pdf)
    628.915 Exemption from compulsory association. Page 7 (pdf)
    628.917 Insolvency and liquidation. Page 7 (pdf)
    628.919 Standards to ensure risk management control by parent company. Page 7 (pdf)

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  • SB 1408, Original Filed Version Posted 3/1/2013 at 10:26 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 4/8/2013 (pdf)
    Banking and Insurance (Post-Meeting) 4/11/2013 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1191 (c1) Captive Insurance Nelson Compare Last Action: 6/17/2013 Chapter No. 2013-209
    Location: Became Law     		Track This Bill
    S 1046 (c1) Insurance Brandes Compare Last Action: 4/26/2013 S Laid on Table, companion bill(s) passed, see CS/HB 157 (Ch. 2013-190), CS/HB 1191 (Ch. 2013-209), CS/CS/HB 7125 (Ch. 2013-160), SB 356 (Ch. 2013-125), CS/CS/SB 468 (Ch. 2013-66), CS/SB 1842 (Ch. 2013-101) -SJ 706
    Location: Laid on Table     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    214592 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Richter)     		4/5/2013
    3:38 PM     		Replaced by Committee Substitute
    4/9/2013     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/9/2013 1:30 PM Banking and Insurance 12 Yeas - 0 Nays

    Citations - Statutes (10)

    Citation Catchline Location in Bill Location In Bill Help
    628.901 Definitions. Page 2 (pdf)
    628.905 Licensing; authority. Page 7 (pdf)
    628.907 Minimum capital and net assets requirements; restriction on payment of dividends. Page 9 (pdf)
    628.908 Surplus requirements; restriction on payment of dividends. Page 9 (pdf)
    628.909 Applicability of other laws. Page 10 (pdf)
    628.910 Incorporation options and requirements. Page 11 (pdf)
    628.9142 Reinsurance; effect on reserves. Page 11 (pdf)
    628.915 Exemption from compulsory association. Page 12 (pdf)
    628.917 Insolvency and liquidation. Page 13 (pdf)
    628.921 Page 13 (pdf)

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