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The Florida Senate

CS/HB 1007: Insurer Insolvency

GENERAL BILL by Insurance and Banking Subcommittee ; Bernard ; Julien ; Cruz ; (CO-INTRODUCERS) Jones, M. ; Nelson

Insurer Insolvency; Amends provisions relating to Insurance Capital Build-Up Incentive Program; provides for renegotiation of surplus notes issued before specified date; revises surplus requirements for assuming insurers in connection with reinsurance credits; provides for rehabilitation plans for title insurers; provides for surcharges on title insurance policies to collect amount needed to cover assessment for insolvent insurer; authorizes DFS to request appointment as ancillary receiver if necessary for obtaining records to adjudicate covered claims, etc.

Effective Date: 7/1/2011
Last Action: 6/27/2011 - Chapter No. 2011-226, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/25/2011 House • Filed
3/3/2011 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 88
3/8/2011 House • Introduced -HJ 88
3/21/2011 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/23/11, 1:00 pm, 404 HOB
3/23/2011 House • CS by Insurance and Banking Subcommittee; YEAS 10 NAYS 0 -HJ 314
3/24/2011 House • Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 305
3/25/2011 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
• CS referred to Economic Affairs Committee -HJ 324
• Now in Economic Affairs Committee -HJ 324
3/29/2011 House • On Committee agenda-- Economic Affairs Committee, 03/31/11, 12:00 pm, Reed Hall
3/31/2011 House • Favorable by- Economic Affairs Committee; YEAS 17 NAYS 0 -HJ 399
4/1/2011 House • Placed on Calendar -HJ 399
4/27/2011 House • Placed on Special Order Calendar, 04/29/11
4/29/2011 House • Read 2nd time -HJ 946
• Amendment(s) adopted (642907, 970025) -HJ 946
• Read 3rd time -HJ 948
• CS passed as amended; YEAS 115 NAYS 0 -HJ 948
4/29/2011 Senate • In Messages
5/2/2011 Senate • Received -SJ 718
• Referred to Banking and Insurance; Budget; Rules -SJ 718
• Withdrawn from Banking and Insurance; Budget; Rules -SJ 639
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1568 -SJ 639
• Read 2nd time -SJ 639
• Read 3rd time -SJ 639
• CS passed; YEAS 34 NAYS 0 -SJ 639
5/2/2011 House • Ordered enrolled -HJ 1004
6/9/2011 • Signed by Officers and presented to Governor
6/24/2011 • Approved by Governor
6/27/2011 • Chapter No. 2011-226, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)