Florida House Bill 1211 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 9 2020 - 25% progression, died in chamber
Action: 2020-03-14 - Died on Calendar
Text: Latest bill text (Comm Sub) [PDF]

Transfers specified powers & duties of Commissioner of Insurance Regulation to OIR; requires credits for reinsurance to be allowed to ceding insurers; provides requirements for assuming insurers in order for such credits to be allowed; requires assuming insurers to have & maintain on ongoing basis minimum capital & surplus, or its equivalent, and, if applicable, minimum capital & surplus equivalents & central fund; requires assuming insurers to have & maintain on ongoing basis minimum solvency or capital ratio; requires assuming insurers to provide security in specified amount; authorizes ceding insurers & their representatives to seek orders requiring assuming insurers to post security for certain liabilities; authorizes office to revoke & suspend eligibility of assuming insurers under specified circumstance.

Credit for Reinsurance

House Commerce Committee

Sen. Shevrin Jones [D]

Rep. Al Jacquet [D]

Date	Chamber	Action
2020-03-14	House	Died on Calendar
2020-03-14	House	Indefinitely postponed and withdrawn from consideration
2020-02-21	House	Placed on Calendar
2020-02-20	House	CS by Commerce Committee read 1st time
2020-02-20	House	Pending review of CS -under Rule 7.18(c)
2020-02-20	House	CS by- Commerce Committee; YEAS 22 NAYS 0
2020-02-18	House	On Committee agenda-- Commerce Committee, 02/20/20, 9:00 am, Webster Hall
2020-02-04	House	Now in Commerce Committee
2020-02-04	House	Favorable by Government Operations and Technology Appropriations Subcommittee; YEAS 11 NAYS 0
2020-01-31	House	On Committee agenda-- Government Operations and Technology Appropriations Subcommittee, 02/04/20, 12:00 pm, Morris Hall
2020-01-28	House	Now in Government Operations and Technology Appropriations Subcommittee
2020-01-28	House	Favorable by Insurance and Banking Subcommittee; YEAS 13 NAYS 0
2020-01-24	House	On Committee agenda-- Insurance and Banking Subcommittee, 01/28/20, 3:30 pm, Sumner Hall
2020-01-17	House	Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee
2020-01-14	House	Introduced
2020-01-09	House	Filed

S1376 (Similar To) 2020-03-14 - Died on Calendar

Chapter	Article	Section	Citation Type	Statute Text
624	610		Amended Code	See Bill Text

Type	Source
Summary	https://www.flsenate.gov/Session/Bill/2020/1211
Text	https://www.flsenate.gov/Session/Bill/2020/1211/BillText/Filed/PDF
Text	https://www.flsenate.gov/Session/Bill/2020/1211/BillText/c1/PDF
Amendment	https://www.flsenate.gov/Session/Bill/2020/1211/Amendment/569841/PDF