CS/HB 1563 (2010) -  Commercial Insurance Rates

General Bill by Insurance, Business & Financial Affairs Policy Committee and Drake
Commercial Insurance Rates: Exempts specified categories or types of insurance & types of commercial lines risks from specified rate requirements; excludes specified commercial motor vehicle insurance from specified motor vehicle insurance rate requirements; prohibits specified commercial motor vehicle insurance from being excessive, inadequate, or unfairly discriminatory; requires insurers and rating organization to establish & use rates, rating schedules, & rating manuals to allow insurers reasonable rate of return on commercial insurance & risks & on commercial motor vehicle insurance; requires insurers to notify OIR of changes to rates; requires specified information to be maintained by insurers & subject to examination by OIR; specifies rate factors & standards to be used in such examinations; requires rating organizations to notify OIR of changes to loss costs for specified insurance & risks; requires specified information to be maintained by rating organizations & subject to examination by OIR; specifies rate factors & standards to be used in such examination; authorizes OIR to require certain information be provided by insurers at insurer's expense for review purposes.
Effective Date: January 1, 2011
Last Event: Died in Government Operations Appropriations Committee; companion bill(s) passed, see CS/CS/SB 2176 (Ch. 2010-175) on Friday, April 30, 2010 6:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 2176 Subject: Insurance [CPSC] Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/31/2010 3:19:13 PM
Chamber: House Committee: Insurance, Business & Financial Affairs Policy Committee 3/23/2010 10:08:52 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Government Operations Appropriations Committee; companion bill(s) passed, see CS/CS/SB 2176 (Ch. 2010-175) Time: 04/30/2010 - 6:59 PM Member: Committee: Government Operations Appropriations Committee Version: c1
Event: H Now in Government Operations Appropriations Committee Time: 04/06/2010 - 4:24 PM Member: Committee: Government Operations Appropriations Committee Version: c1
Event: H Referred to General Government Policy Council Time: 04/06/2010 - 4:24 PM Member: Committee: General Government Policy Council Version: c1
Event: H Referred to Government Operations Appropriations Committee Time: 04/06/2010 - 4:24 PM Member: Committee: Government Operations Appropriations Committee Version: c1
Event: H 1st Reading Time: 03/31/2010 - 10:02 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/31/2010 - 3:30 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 03/31/2010 - 3:30 PM Member: Committee: Version: __
Event: H Reported out of Insurance, Business & Financial Affairs Policy Committee Time: 03/31/2010 - 3:21 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Favorable with CS by Insurance, Business & Financial Affairs Policy Committee Time: 03/25/2010 - 6:00 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H PCS added to Insurance, Business & Financial Affairs Policy Committee agenda Time: 03/23/2010 - 4:20 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Now in Insurance, Business & Financial Affairs Policy Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Referred to General Government Policy Council Time: 03/10/2010 - 4:16 PM Member: Committee: General Government Policy Council Version: __
Event: H Referred to Government Operations Appropriations Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Government Operations Appropriations Committee Version: __
Event: H Referred to Insurance, Business & Financial Affairs Policy Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Filed Time: 03/02/2010 - 7:51 AM Member: Drake Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
627.062 CS/CS/HB 447, HB 613, HB 939, HB 1341, HB 7063
627.0651 HB 613