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The Florida Senate

CS/CS/SB 1430: Insolvent Insurers

GENERAL BILL by Appropriations ; Banking and Insurance ; Burgess

Insolvent Insurers; Revising a prohibition against certain insolvent insurers’ former officers or directors serving as officers or directors of an insurer or having direct or indirect control over certain selection or appointment of officers or directors, to allow such activities unless the Office of Insurance Regulation enters a specified order; providing required factors to be used in the determination and fixing of rates for premiums paid to insolvent insurers for specified coverages; authorizing insurers remitting assessments to the Florida Insurance Guaranty Association, Incorporated, to elect not to recoup advances; revising a requirement for information regarding assessment percentages which must be specified by the Office of Insurance Regulation in orders levying assessments, etc.

Effective Date: 7/1/2022
Last Action: 3/4/2022 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1023 (Ch. 2022-139) -SJ 665
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    1/4/2022 Senate • Filed
    1/12/2022 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations -SJ 126
    1/13/2022 Senate • On Committee agenda-- Banking and Insurance, 01/18/22, 3:30 pm, 412 Knott Building
    1/18/2022 Senate • Introduced -SJ 126
    • CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 210
    1/19/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS by Banking and Insurance read 1st time -SJ 212
    1/20/2022 Senate • Now in Appropriations Subcommittee on Agriculture, Environment, and General Government
    2/11/2022 Senate • On Committee agenda-- Appropriations Subcommittee on Agriculture, Environment, and General Government, 02/16/22, 1:00 pm, 110 Senate Building
    2/16/2022 Senate • Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on Agriculture, Environment, and General Government; YEAS 10 NAYS 0 -SJ 433
    2/18/2022 Senate • Now in Appropriations
    2/23/2022 Senate • On Committee agenda-- Appropriations, 02/28/22, 10:30 am, 412 Knott Building
    2/28/2022 Senate • CS/CS by- Appropriations; YEAS 19 NAYS 0 -SJ 521
    3/2/2022 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading
    • Placed on Special Order Calendar, 03/04/22 -SJ 689
    • CS/CS by Appropriations read 1st time -SJ 527
    3/4/2022 Senate • Read 2nd time -SJ 664
    • Substituted CS/HB 1023 -SJ 665
    • Laid on Table, companion bill(s) passed, see CS/HB 1023 (Ch. 2022-139) -SJ 665

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  • CS/CS/SB 1430, Committee Substitute 2 (Current Bill Version) Posted 3/2/2022 at 3:45 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1023 (er) Insolvent Insurers Commerce Committee Similar Last Action: 5/26/2022 Chapter No. 2022-139

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.4073 Officers and directors of insolvent insurers. Page 2 (pdf)
    627.072 Making and use of rates. Page 3 (pdf)
    631.57 Powers and duties of the association. Page 3 (pdf)
    631.914 Assessments. Page 8 (pdf)

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  • CS/SB 1430, Committee Substitute 1 Posted 1/19/2022 at 4:46 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations Subcommittee on Agriculture, Environment, and General Government (Pre-Meeting) 2/15/2022 (pdf)
    Appropriations Subcommittee on Agriculture, Environment, and General Government (Post-Meeting) 2/18/2022 (pdf)
    Appropriations (Pre-Meeting) 2/25/2022 (pdf)
    Appropriations PCS 732288 (Pre-Meeting) 2/25/2022 (pdf)
    Appropriations (Post-Meeting) 3/2/2022 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1023 (c1) Insolvent Insurers Commerce Committee Similar Last Action: 5/26/2022 Chapter No. 2022-139

    Proposed Committee Substitutes (1)

    PCS and Amendments Sponsor Filed Last Committee Action Format
    732288 - Proposed Committee Substitute Appropriations 2/18/2022
    9:35 AM
    Replaced by Committee Substitute
    3/1/2022
    Web Page
    PDF

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    729540 - Amendment
    Delete lines 110 - 195 and insert:
    Appropriations Subcommittee on Agriculture, Environment, and General Government
    (Burgess)
    2/15/2022
    12:39 PM
    Replaced by Committee Substitute
    2/16/2022
    Web Page
    PDF
    hierarchy 347680 - Amendment to Amendment (729540)
    Delete line 30 and insert:
    Appropriations Subcommittee on Agriculture, Environment, and General Government
    (Burgess)
    2/16/2022
    10:08 AM
    Replaced by Committee Substitute
    2/16/2022
    Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    2/16/2022 1:00 PM Appropriations Subcommittee on Agriculture, Environment, and General Government 10 Yeas - 0 Nays
    2/28/2022 10:30 AM Appropriations 19 Yeas - 0 Nays

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    624.4073 Officers and directors of insolvent insurers. Page 2 (pdf)
    627.072 Making and use of rates. Page 2 (pdf)
    631.57 Powers and duties of the association. Page 3 (pdf)
    631.914 Assessments. Page 8 (pdf)

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  • SB 1430, Original Filed Version Posted 1/4/2022 at 11:15 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/14/2022 (pdf)
    Banking and Insurance (Post-Meeting) 1/19/2022 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1023 Insolvent Insurers Commerce Committee Identical Last Action: 5/26/2022 Chapter No. 2022-139

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    179644 - Amendment
    Before line 33 insert:
    Banking and Insurance
    (Brandes)
    1/18/2022
    1:54 PM
    Replaced by Committee Substitute
    1/19/2022
    Web Page
    PDF
    157610 - Amendment
    Between lines 191 and 192 insert:
    Banking and Insurance
    (Brandes)
    1/18/2022
    1:55 PM
    Withdrawn
    1/19/2022
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/18/2022 3:30 PM Banking and Insurance 9 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.072 Making and use of rates. Page 2 (pdf)
    631.57 Powers and duties of the association. Page 3 (pdf)
    631.914 Assessments. Page 7 (pdf)

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