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Glossary of Legislative Terms

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
Bill Text: PDF

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  • 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

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  • CS/HB 509, Committee Substitute 1 (Current Bill Version) Posted 4/3/2013 at 1:18 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 356 (er) Mutual Insurance Corporations Abruzzo Similar Last Action: 6/10/2013 Chapter No. 2013-125
    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

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    877873 - Amendment
    Remove lines 109-110 and insert:     		Van Zant 4/9/2013
    3:25 PM     		PDF
    442965 - Amendment
    Remove line 237 and insert:     		Van Zant 4/25/2013
    1:46 PM     		PDF

    Citations - Statutes (8)

    Citation Catchline Location in Bill Location In Bill Help
    617.01401 Definitions. Page 8 (pdf)
    627.971 Definitions. Page 1 (pdf)
    627.972 Organization; financial requirements. Page 2 (pdf)
    628.371 Dividends to stockholders. Page 8 (pdf)
    628.703 Definitions. Page 3 (pdf)
    628.707 Applicability of general corporation statutes. Page 5 (pdf)
    628.715 Merger and acquisitions. Page 6 (pdf)
    628.727 Membership. Page 7 (pdf)

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  • HB 509, Original Filed Version Posted 1/23/2013 at 3:13 PM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 6/13/2013 (pdf)
    Government Operations Appropriations Subcommittee (Post-Meeting) 3/20/2013 (pdf)
    Regulatory Affairs Committee (Post-Meeting) 4/3/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 356 Financial Guaranty Insurance Corporations Abruzzo Identical Last Action: 6/10/2013 Chapter No. 2013-125
    Location: Became Law     		Track This Bill
    H 635 (c1) 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 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
    970489 - Amendment
    Between lines 53 and 54, insert:     		Van Zant 3/26/2013
    8:14 PM     		Adopted without Objection
    3/28/2013     		PDF

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    627.971 Definitions. Page 1 (pdf)
    627.972 Organization; financial requirements. Page 1 (pdf)

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