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CS/SB 1690: Warranty Associations

GENERAL BILL by Banking and Insurance ; Broxson

Warranty Associations; Revising the basis for calculating the required assets in a home warranty association’s premium reserve account; requiring that such reserve account be a separate auditable account for contracts in force in this state; prohibiting home warranties from excluding coverage because of the presence of rust or corrosion, except under certain circumstances; revising the basis for calculating the required assets in a service warranty association’s premium reserve account, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect July 1, 2019
 Last Action: 5/2/2019 Senate - Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2019-87) -SJ 811
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    3/1/2019 Senate • Filed
    3/8/2019 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules -SJ 216
    3/13/2019 Senate • Introduced -SJ 216
    3/18/2019 Senate • On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered
    3/20/2019 Senate • On Committee agenda-- Banking and Insurance, 03/25/19, 4:00 pm, 412 Knott Building
    3/25/2019 Senate • CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 280
    3/26/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    3/27/2019 Senate • Now in Commerce and Tourism
    4/2/2019 Senate • CS by Banking and Insurance read 1st time -SJ 299
    4/3/2019 Senate • On Committee agenda-- Commerce and Tourism, 04/08/19, 1:30 pm, 110 Senate Building
    4/8/2019 Senate • Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 331
    4/9/2019 Senate • Now in Rules
    4/18/2019 Senate • On Committee agenda-- Rules, 04/23/19, 2:00 pm, 110 Senate Building
    4/23/2019 Senate • Favorable by- Rules; YEAS 16 NAYS 0 -SJ 451
    4/24/2019 Senate • Placed on Calendar, on 2nd reading
    4/30/2019 Senate • Placed on Special Order Calendar, 05/02/19
    5/2/2019 Senate • Read 2nd time -SJ 811
    • Substituted CS/HB 925 -SJ 811
    • Laid on Table, companion bill(s) passed, see CS/HB 925 (Ch. 2019-87) -SJ 811

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  • CS/SB 1690, Committee Substitute 1 (Current Bill Version) Posted 3/26/2019 at 4:21 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 4/5/2019 (pdf)
    Commerce and Tourism (Post-Meeting) 4/9/2019 (pdf)
    Rules (Pre-Meeting) 4/22/2019 (pdf)
    Rules (Post-Meeting) 4/23/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 925 (er) Warranty Associations Webb Identical Last Action: 6/10/2019 Chapter No. 2019-87 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    232946 - Amendment
    Delete lines 39 - 95 and insert:     		Commerce and Tourism
    (Broxson)     		4/5/2019
    1:15 PM     		Withdrawn
    4/8/2019     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    4/8/2019 1:30 PM Commerce and Tourism 5 Yeas - 0 Nays
    4/23/2019 2:00 PM Rules 16 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    634.3077 Financial requirements. Page 2 (pdf)
    634.346 Page 3 (pdf)
    634.406 Financial requirements. Page 3 (pdf)

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  • SB 1690, Original Filed Version Posted 3/1/2019 at 2:09 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 3/17/2019 (pdf)
    Banking and Insurance (Post-Meeting) 3/26/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 925 (c1) Warranty Associations Webb Similar Last Action: 6/10/2019 Chapter No. 2019-87 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    229342 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Broxson)     		3/15/2019
    11:47 AM     		Replaced by Committee Substitute
    3/25/2019     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/25/2019 4:00 PM Banking and Insurance 7 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    634.3077 Financial requirements. Page 1 (pdf)
    634.346 Page 2 (pdf)
    634.406 Financial requirements. Page 3 (pdf)

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