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CS/CS/SB 784: Insurance

GENERAL BILL by Judiciary ; Banking and Insurance ; Brandes

Insurance; Providing that certain securities valuation limitations do not apply to certain stock of certain foreign insurers’ subsidiary corporations or related entities; revising professional designations that exempt all-lines adjuster license applicants from an examination requirement; reducing the tax on surplus lines insurance; revising federal standards applicable to Department of Financial Services and Financial Services Commission rules governing the use of consumer nonpublic personal financial and health information, etc.

Effective Date: Upon becoming a law
Last Action: 3/8/2018 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 465 (Ch. 2018-131), CS/CS/CS/HB 1073 (Ch. 2018-102) -SJ 933
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    11/7/2017 Senate • Filed
    11/17/2017 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 61
    1/9/2018 Senate • Introduced -SJ 61
    2/1/2018 Senate • On Committee agenda-- Banking and Insurance, 02/06/18, 11:00 am, 110 Senate Office Building
    2/6/2018 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 336
    2/8/2018 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Remaining references corrected to Judiciary; Appropriations Subcommittee on General Government; Appropriations -SJ 340
    • Now in Judiciary -SJ 341
    • CS by Banking and Insurance read 1st time -SJ 337
    2/15/2018 Senate • On Committee agenda-- Judiciary, 02/20/18, 4:00 pm, 110 Senate Office Building
    2/20/2018 Senate • CS/CS by Judiciary; YEAS 10 NAYS 0 -SJ 384
    2/21/2018 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/23/2018 Senate • Original reference(s) removed: Appropriations Subcommittee on General Government
    • Remaining references corrected to Appropriations -SJ 395
    • Now in Appropriations -SJ 395
    2/26/2018 Senate • CS/CS by Judiciary read 1st time -SJ 389
    3/1/2018 Senate • On Committee agenda-- Appropriations, 03/02/18, 9:00 am, 412 Knott Building
    3/2/2018 Senate • Favorable by- Appropriations; YEAS 18 NAYS 0 -SJ 683
    3/3/2018 Senate • Placed on Calendar, on 2nd reading -SJ 683
    3/7/2018 Senate • Placed on Special Order Calendar, 03/08/18 -SJ 967
    3/8/2018 Senate • Read 2nd time -SJ 933
    • Substituted CS/CS/HB 465 -SJ 933
    • Laid on Table, companion bill(s) passed, see CS/CS/HB 465 (Ch. 2018-131), CS/CS/CS/HB 1073 (Ch. 2018-102) -SJ 933

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  • CS/CS/SB 784, Committee Substitute 2 (Current Bill Version) Posted 2/21/2018 at 3:59 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Pre-Meeting) 3/1/2018 (pdf)
    Appropriations (Post-Meeting) 3/3/2018 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 465 (er) Insurance Santiago Similar Last Action: 4/2/2018 Chapter No. 2018-131, companion bill(s) passed, see CS/CS/CS/HB 1073 (Ch. 2018-102)
    H 1073 (er) Department of Financial Services Hager Compare Last Action: 3/27/2018 Chapter No. 2018-102, companion bill(s) passed, see CS/HB 29 (Ch. 2018-7), CS/CS/HB 465 (Ch. 2018-131)
    S 1292 (c3) Department of Financial Services Stargel Compare Last Action: 3/7/2018 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 1073 (Ch. 2018-102), CS/HB 29 (Ch. 2018-7), CS/CS/HB 465 (Ch. 2018-131) -SJ 787

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    170842 - Amendment
    Before line 78 insert:
    Steube 3/8/2018
    9:36 AM
    Senate: Withdrawn
    3/8/2018
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/2/2018 9:00 AM Appropriations 18 Yeas - 0 Nays

    Citations - Statutes (16)

    Citation Catchline Location in Bill Location In Bill Help
    625.151 Valuation of other securities. Page 3 (pdf)
    625.325 Investments in subsidiaries and related corporations. Page 4 (pdf)
    626.221 Examination requirement; exemptions. Page 4 (pdf)
    626.918 Eligible surplus lines insurers. Page 5 (pdf)
    626.932 Surplus lines tax. Page 5 (pdf)
    626.9651 Privacy. Page 6 (pdf)
    627.416 Execution of policies. Page 7 (pdf)
    627.43141 Notice of change in policy terms. Page 7 (pdf)
    627.7015 Alternative procedure for resolution of disputed property insurance claims. Page 8 (pdf)
    627.728 Cancellations; nonrenewals. Page 10 (pdf)
    627.756 Bonds for construction contracts; attorney fees in case of suit. Page 11 (pdf)
    628.4615 Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. Page 11 (pdf)
    628.8015 Own-risk and solvency assessment; corporate governance annual disclosure. Page 14 (pdf)
    629.401 Insurance exchange. Page 14 (pdf)
    634.121 Forms, required procedures, provisions. Page 44 (pdf)
    641.3107 Delivery of contract. Page 45 (pdf)

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  • CS/SB 784, Committee Substitute 1 Posted 2/8/2018 at 11:18 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 2/19/2018 (pdf)
    Judiciary (Post-Meeting) 2/21/2018 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 465 (c2) Insurance Santiago Similar Last Action: 4/2/2018 Chapter No. 2018-131, companion bill(s) passed, see CS/CS/CS/HB 1073 (Ch. 2018-102)
    H 1073 (c3) Department of Financial Services Hager Compare Last Action: 3/27/2018 Chapter No. 2018-102, companion bill(s) passed, see CS/HB 29 (Ch. 2018-7), CS/CS/HB 465 (Ch. 2018-131)
    S 1292 (c3) Department of Financial Services Stargel Compare Last Action: 3/7/2018 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 1073 (Ch. 2018-102), CS/HB 29 (Ch. 2018-7), CS/CS/HB 465 (Ch. 2018-131) -SJ 787

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    720998 - Amendment
    Delete lines 138 - 149.
    Judiciary
    (Brandes)
    2/19/2018
    3:38 PM
    Replaced by Committee Substitute
    2/21/2018
    Web Page
    PDF
    753400 - Amendment
    Delete line 275 and insert:
    Judiciary
    (Brandes)
    2/19/2018
    3:38 PM
    Replaced by Committee Substitute
    2/21/2018
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/20/2018 4:00 PM Judiciary 10 Yeas - 0 Nays

    Citations - Statutes (17)

    Citation Catchline Location in Bill Location In Bill Help
    625.151 Valuation of other securities. Page 3 (pdf)
    625.325 Investments in subsidiaries and related corporations. Page 3 (pdf)
    626.221 Examination requirement; exemptions. Page 5 (pdf)
    626.914 Definitions. Page 5 (pdf)
    626.918 Eligible surplus lines insurers. Page 6 (pdf)
    626.932 Surplus lines tax. Page 6 (pdf)
    626.9651 Privacy. Page 6 (pdf)
    627.416 Execution of policies. Page 7 (pdf)
    627.43141 Notice of change in policy terms. Page 8 (pdf)
    627.7015 Alternative procedure for resolution of disputed property insurance claims. Page 8 (pdf)
    627.728 Cancellations; nonrenewals. Page 11 (pdf)
    627.756 Bonds for construction contracts; attorney fees in case of suit. Page 11 (pdf)
    628.4615 Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation. Page 12 (pdf)
    628.8015 Own-risk and solvency assessment; corporate governance annual disclosure. Page 14 (pdf)
    629.401 Insurance exchange. Page 15 (pdf)
    634.121 Forms, required procedures, provisions. Page 44 (pdf)
    641.3107 Delivery of contract. Page 45 (pdf)

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  • SB 784, Original Filed Version Posted 11/7/2017 at 10:46 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/8/2018 (pdf)
    Banking and Insurance (Post-Meeting) 2/8/2018 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 465 (c2) Insurance Santiago Compare Last Action: 4/2/2018 Chapter No. 2018-131, companion bill(s) passed, see CS/CS/CS/HB 1073 (Ch. 2018-102)

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    449152 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Banking and Insurance
    (Brandes)
    2/5/2018
    8:23 AM
    Replaced by Committee Substitute
    2/6/2018
    Web Page
    PDF
    hierarchy 755264 - Amendment to Amendment (449152)
    Delete lines 52 - 54 and insert:
    Banking and Insurance
    (Brandes)
    2/5/2018
    6:33 PM
    Replaced by Committee Substitute
    2/6/2018
    Web Page
    PDF
    hierarchy 584058 - Amendment to Amendment (449152)
    Between lines 1236 and 1237 insert:
    Banking and Insurance
    (Brandes)
    2/5/2018
    6:33 PM
    Withdrawn
    2/6/2018
    Web Page
    PDF
    hierarchy 909708 - Amendment to Amendment (449152)
    Between lines 1236 and 1237 insert:
    Banking and Insurance
    (Brandes)
    2/6/2018
    10:56 AM
    (Late Filed)
    Replaced by Committee Substitute
    2/6/2018
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/6/2018 11:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (14)

    Citation Catchline Location in Bill Location In Bill Help
    624.307 General powers; duties. Page 2 (pdf)
    625.151 Valuation of other securities. Page 3 (pdf)
    625.325 Investments in subsidiaries and related corporations. Page 3 (pdf)
    626.914 Definitions. Page 4 (pdf)
    626.918 Eligible surplus lines insurers. Page 4 (pdf)
    626.932 Surplus lines tax. Page 5 (pdf)
    626.9651 Privacy. Page 5 (pdf)
    626.9891 Insurer anti-fraud investigative units; reporting requirements; penalties for noncompliance. Page 6 (pdf)
    627.4136 Nonjoinder of insurers. Page 7 (pdf)
    627.7015 Alternative procedure for resolution of disputed property insurance claims. Page 7 (pdf)
    627.728 Cancellations; nonrenewals. Page 10 (pdf)
    627.748 Transportation network companies. Page 10 (pdf)
    628.8015 Own-risk and solvency assessment; corporate governance annual disclosure. Page 12 (pdf)
    636.044 Agent licensing. Page 12 (pdf)

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