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HB 733: Credit for Reinsurance

GENERAL BILL by Fetterhoff ; (CO-INTRODUCERS) Leek

Credit for Reinsurance; Adds conditions under which ceding insurer must be allowed credit for reinsurance; revises attorney designation requirement in reinsurance agreements; defines "reciprocal jurisdiction" & "covered agreement"; specifies requirements for assuming insurers & reinsurance agreements; authorizes ceding insurer or its representative subject to rehabilitation, liquidation, or conservation to seek court order; specifies limitation on credit taken by ceding insurer; authorizes office to revoke or suspend assuming insurer's eligibility.

Effective Date: 7/1/2021
 Last Action: 4/13/2021 House - Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/3/2021 House • Filed
    2/18/2021 House • Referred to Insurance & Banking Subcommittee
    • Referred to State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    3/2/2021 House • Added to Insurance & Banking Subcommittee agenda
    • 1st Reading (Original Filed Version)
    3/4/2021 House • Favorable by Insurance & Banking Subcommittee
    • Reported out of Insurance & Banking Subcommittee
    • Now in State Administration & Technology Appropriations Subcommittee
    3/5/2021 House • Added to State Administration & Technology Appropriations Subcommittee agenda
    3/9/2021 House • Favorable by State Administration & Technology Appropriations Subcommittee
    • Reported out of State Administration & Technology Appropriations Subcommittee
    • Now in Commerce Committee
    3/12/2021 House • Added to Commerce Committee agenda
    3/16/2021 House • Favorable by Commerce Committee
    • Reported out of Commerce Committee
    • Bill released to House Calendar
    • Added to Second Reading Calendar
    4/8/2021 House • Bill added to Special Order Calendar (4/13/2021)
    4/13/2021 House • Substituted SB 728
    • Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101)

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  • HB 733, Original Filed Version (Current Bill Version) Posted 2/3/2021 at 11:56 AM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 6/18/2021 (pdf)
    State Administration and Technology Appropriations Subcommittee (Post-Meeting) 3/9/2021 (pdf)
    Commerce Committee (Post-Meeting) 3/16/2021 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 728 (er) Credit for Reinsurance Broxson Identical Last Action: 6/17/2021 Chapter No. 2021-101 Track This Bill

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    624.610 Reinsurance. Page 2 (pdf)

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