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Glossary of Legislative Terms

SB 728: Credit for Reinsurance

GENERAL BILL by Broxson

Credit for Reinsurance; Transferring specified authority and duties relating to credit for reinsurance from the Commissioner of Insurance to the Office of Insurance Regulation; revising the attorney designation requirement in reinsurance agreements with certain assuming insurers under certain circumstances; specifying requirements for assuming insurers and reinsurance agreements; authorizing a ceding insurer or its representative that is subject to rehabilitation, liquidation, or conservation to seek a certain court order; providing construction, etc.

Effective Date: 7/1/2021
 Last Action: 6/17/2021 - Chapter No. 2021-101
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)


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Bill History

Date Chamber Action
1/21/2021 Senate • Filed
1/28/2021 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 89
2/8/2021 Senate • On Committee agenda-- Banking and Insurance, 02/16/21, 3:30 pm, 412 Knott Building
2/16/2021 Senate • Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 177
• Now in Judiciary
2/25/2021 Senate • On Committee agenda-- Judiciary, 03/02/21, 1:30 pm, 412 Knott Building
3/2/2021 Senate • Introduced -SJ 89
• Favorable by Judiciary; YEAS 11 NAYS 0 -SJ 191
• Now in Rules
3/18/2021 Senate • On Committee agenda-- Rules, 03/18/21, 9:00 am, 412 Knott Building --Not Considered
3/22/2021 Senate • On Committee agenda-- Rules, 03/25/21, 9:00 am, 412 Knott Building
3/25/2021 Senate • Favorable by- Rules; YEAS 16 NAYS 1 -SJ 324
• Placed on Calendar, on 2nd reading
3/29/2021 Senate • Placed on Special Order Calendar, 04/01/21 -SJ 341
4/1/2021 Senate • Read 2nd time -SJ 336
• Read 3rd time -SJ 336
• Passed; YEAS 38 NAYS 1 -SJ 336
• Immediately certified -SJ 341
4/1/2021 House • In Messages
4/8/2021 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (4/13/2021)
• 1st Reading (Original Filed Version)
4/13/2021 House • Substituted for HB 733
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
4/14/2021 House • Read 3rd time
• Passed; YEAS 118, NAYS 0
4/15/2021 House • Message sent to senate
4/15/2021 Senate • Ordered enrolled -SJ 507
6/14/2021 • Signed by Officers and presented to Governor
6/16/2021 • Approved by Governor
6/17/2021 • Chapter No. 2021-101