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CS/CS/SB 1274: Limited Sinkhole Coverage Insurance

GENERAL BILL by Fiscal Policy ; Banking and Insurance ; Latvala

Limited Sinkhole Coverage Insurance; Specifying the amount of surplus funds required for domestic insurers applying for a certificate of authority to provide limited sinkhole coverage insurance; authorizing certain insurers to offer limited sinkhole coverage insurance in this state; requiring the insurer to notify the Office of Insurance Regulation before writing limited sinkhole coverage insurance and to file a plan of operation with the office, etc.

Effective Date: 7/1/2016
Last Action: 4/6/2016 - Chapter No. 2016-197
Location: Became Law
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    1/4/2016 Senate • Filed
    1/11/2016 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Fiscal Policy -SJ 95
    1/12/2016 Senate • Introduced -SJ 95
    2/4/2016 Senate • On Committee agenda-- Banking and Insurance, 02/09/16, 10:00 am, 110 Senate Office Building
    2/9/2016 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 402
    2/11/2016 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Appropriations Subcommittee on General Government -SJ 402
    • CS by Banking and Insurance read 1st time -SJ 407
    2/19/2016 Senate • On Committee agenda-- Appropriations Subcommittee on General Government, 02/24/16, 1:30 pm, 110 Senate Office Building
    2/24/2016 Senate • Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on General Government; YEAS 5 NAYS 0 -SJ 498
    2/26/2016 Senate • Now in Fiscal Policy -SJ 498
    • On Committee agenda-- Fiscal Policy, 02/29/16, 1:00 pm, 412 Knott Building
    2/29/2016 Senate • CS/CS by- Fiscal Policy; YEAS 8 NAYS 0 -SJ 497
    • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading -SJ 497
    • Placed on Special Order Calendar, 03/02/16
    3/1/2016 Senate • CS/CS by Fiscal Policy read 1st time -SJ 507
    3/2/2016 Senate • Read 2nd time -SJ 538
    • Amendment(s) adopted (734162) -SJ 538
    • Ordered engrossed -SJ 539
    • Placed on 3rd reading
    3/3/2016 Senate • Read 3rd time -SJ 640
    • CS passed as amended; YEAS 39 NAYS 0 -SJ 640
    3/3/2016 House • In Messages
    3/4/2016 House • Referred to Calendar -HJ 833
    • Placed on Special Order Calendar, 03/07/16
    • Received -HJ 833
    3/7/2016 House • Read 2nd time -HJ 885
    • Substituted for CS/CS/HB 1327 -HJ 885
    • Placed on 3rd reading
    3/8/2016 House • Read 3rd time -HJ 917
    • CS passed; YEAS 113 NAYS 1 -HJ 917
    3/8/2016 Senate • Ordered enrolled -SJ 838
    3/22/2016 • Signed by Officers and presented to Governor
    4/6/2016 • Approved by Governor
    • Chapter No. 2016-197

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  • CS/CS/SB 1274, Enrolled (Current Bill Version) Posted 3/8/2016 at 1:00 PM

    Bill Text:   Web Page PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 1327 (c2) Limited Sinkhole Coverage Insurance Ingoglia Identical Last Action: 3/7/2016 H Laid on Table, companion bill(s) passed, see CS/CS/SB 1274 (Ch. 2016-197) -HJ 885
    Location: Laid on Table

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 1 (pdf)
    624.408 Surplus required; current insurers. Page 2 (pdf)
    627.7151 Page 3 (pdf)

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  • CS/CS/SB 1274, Engrossed 1 Posted 3/2/2016 at 1:28 PM

    Bill Text:   Web Page PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 1327 (c2) Limited Sinkhole Coverage Insurance Ingoglia Identical Last Action: 3/7/2016 H Laid on Table, companion bill(s) passed, see CS/CS/SB 1274 (Ch. 2016-197) -HJ 885
    Location: Laid on Table

    Floor Votes (2)

    Date Chamber Result
    3/3/2016 5:46 PM Senate 39 Yeas - 0 Nays
    3/8/2016 11:36 AM House 113 Yeas - 1 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 1 (pdf)
    624.408 Surplus required; current insurers. Page 2 (pdf)
    627.7151 Page 3 (pdf)

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  • CS/CS/SB 1274, Committee Substitute 2 Posted 2/29/2016 at 7:25 PM

    Bill Text:   Web Page PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 1327 (c2) Limited Sinkhole Coverage Insurance Ingoglia Similar Last Action: 3/7/2016 H Laid on Table, companion bill(s) passed, see CS/CS/SB 1274 (Ch. 2016-197) -HJ 885
    Location: Laid on Table

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    734162 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Latvala 3/1/2016
    4:41 PM
    Senate: Adopted
    3/2/2016
    Web Page
    PDF
    hierarchy 796100 - Amendment to Amendment (734162)
    Between lines 50 and 51 insert:
    Latvala 3/2/2016
    9:34 AM
    Senate: Withdrawn
    3/2/2016
    Web Page
    PDF

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 2 (pdf)
    624.408 Surplus required; current insurers. Page 3 (pdf)
    627.7151 Page 3 (pdf)

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  • CS/SB 1274, Committee Substitute 1 Posted 2/11/2016 at 4:01 PM

    Bill Text:   Web Page PDF
    Analyses:   Appropriations Subcommittee on General Government (Pre-Meeting) 2/23/2016 (pdf)
    Appropriations Subcommittee on General Government (Post-Meeting) 2/26/2016 (pdf)
    Fiscal Policy (Pre-Meeting) 2/26/2016 (pdf)
    Fiscal Policy PCS 424308 (Pre-Meeting) 2/26/2016 (pdf)
    Fiscal Policy (Post-Meeting) 2/29/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 1327 (c2) Limited Sinkhole Coverage Insurance Ingoglia Similar Last Action: 3/7/2016 H Laid on Table, companion bill(s) passed, see CS/CS/SB 1274 (Ch. 2016-197) -HJ 885
    Location: Laid on Table

    Proposed Committee Substitutes (1)

    PCS and Amendments Sponsor Filed Last Committee Action Format
    424308 - Proposed Committee Substitute Fiscal Policy 2/26/2016
    4:48 PM
    Replaced by Committee Substitute
    2/29/2016
    Web Page
    PDF

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    906798 - Amendment
    Delete lines 167 - 170.
    Appropriations Subcommittee on General Government
    (Hays)
    2/23/2016
    1:18 PM
    Withdrawn
    2/24/2016
    Web Page
    PDF
    382928 - Amendment
    Delete lines 177 - 180.
    Appropriations Subcommittee on General Government
    (Hays)
    2/24/2016
    9:48 AM
    Replaced by Committee Substitute
    2/24/2016
    Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    2/24/2016 1:30 PM Appropriations Subcommittee on General Government 5 Yeas - 0 Nays
    2/29/2016 1:00 PM Fiscal Policy 8 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 2 (pdf)
    624.408 Surplus required; current insurers. Page 3 (pdf)
    627.7151 Page 3 (pdf)

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  • SB 1274, Original Filed Version Posted 1/4/2016 at 8:45 AM

    Bill Text:   Web Page PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/8/2016 (pdf)
    Banking and Insurance (Post-Meeting) 2/11/2016 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Learn more about bill relationships Last Action and Location Track Bills
    H 1327 (c1) Limited Sinkhole Coverage Insurance Ingoglia Similar Last Action: 3/7/2016 H Laid on Table, companion bill(s) passed, see CS/CS/SB 1274 (Ch. 2016-197) -HJ 885
    Location: Laid on Table

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    657620 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Banking and Insurance
    (Margolis)
    2/8/2016
    9:56 AM
    Replaced by Committee Substitute
    2/9/2016
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/9/2016 10:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Surplus required; new insurers. Page 2 (pdf)
    624.408 Surplus required; current insurers. Page 3 (pdf)
    627.062 Rate standards. Page 4 (pdf)
    627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 6 (pdf)
    627.7151 Page 7 (pdf)

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