CS/CS/HB 379 (2012) -  Captive Insurance

General Bill by Economic Affairs Committee and Insurance & Banking Subcommittee and Nuñez (CO-SPONSORS) Horner
Captive Insurance: Expands kinds of insurance for which captive insurer may seek licensure; limits risks certain captive insurers may insure; specifies requirements & conditions relating to captive insurer's authority to conduct business; requires before licensure captive insurers must file or submit to OIR specified information, documents, & statements; requires captive insurance company to file specific evidence with office relating to financial condition & quality of management & operations of company; specifies fees to be paid by captive insurance or reinsurance companies; authorizes Commissioner of Insurance Regulation to grant captive insurance company license to conduct insurance business until specified date; authorizes foreign or alien captive insurance company to become domestic captive insurance company by complying with requirements; authorizes office to waive requirements for public hearings relating to redomestication of alien captive insurance company; specifies industrial insured captive insurance companies are not required to be incorporated in this state; requires biographical affidavits, background investigations, & fingerprint cards for all officers & directors; provides restrictions on officers & directors involved with insolvent insurers.
Effective Date: upon becoming a law
Last Event: 03/09/12 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151) on Friday, March 9, 2012 11:59 PM
Date Available for Final Passage: Friday, February 24, 2012 3:58 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Banking and Insurance
  • Budget Subcommittee on General Government Appropriations
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 610 Subject: Captive Insurance Relationship: Similar
Bill #: CS/CS/HB 1101 Subject: Insurance Relationship: Compare
Bill #: CS/CS/SB 1620 Subject: Insurance Relationship: Compare

Bill Text

  • Engrossed 1
  • Committee Substitute 2
    • A 634279 , Nuñez Date Filed: 02/21/12, Line#: 135 House: Adopted 02/22/2012 03:55 PM
    • A 534865 , Nuñez Date Filed: 02/21/12, Line#: 254 House: Adopted 02/22/2012 03:56 PM
    • A 089525 , Nuñez Date Filed: 02/21/12, Line#: 343 House: Adopted 02/22/2012 03:56 PM
    • A 813789 , Nuñez Date Filed: 02/21/12, Line#: 427 House: Adopted 02/22/2012 03:56 PM
    • A 271209 , Nuñez Date Filed: 02/21/12, Line#: 500 House: Adopted 02/22/2012 03:58 PM
    • A 138831 , Nuñez Date Filed: 02/21/12, Line#: 577 House: Adopted 02/22/2012 03:58 PM
  • Committee Substitute 1
    • D 641097 , Nuñez (EAC) Date Filed: 01/11/12, Line#: 0 House(c): Adopted Without Objection 01/12/2012 05:12 PM
  • Original Filed Version
    • D 841621 , Nuñez (INBS) Date Filed: 11/16/11, Line#: 0 House(c): Adopted Without Objection 11/16/2011 01:57 PM
    • AA 209553 , Nuñez (INBS) Date Filed: 11/16/11, Line#: 247 House(c): Adopted Without Objection 11/16/2011 01:57 PM

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Affairs Committee 1/20/2012 3:16:39 PM
Chamber: House Committee: Economic Affairs Committee 1/10/2012 4:45:31 PM
Chamber: House Committee: Insurance & Banking Subcommittee 12/7/2011 12:35:17 PM
Chamber: House Committee: Insurance & Banking Subcommittee 11/14/2011 4:07:31 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 02/23/2012 02:35 PM   Yeas: 115 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 871] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1101 (Ch. 2012-151) Time: 03/09/2012 - 11:59 PM Member: Committee: Version: e1
Event: S Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 841 Time: 03/05/2012 - 5:56 PM Member: Committee: Version: e1
Event: S Received -SJ 841 Time: 03/05/2012 - 5:50 PM Member: Committee: Version: e1
Event: S In Messages Time: 02/24/2012 - 4:40 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 02/24/2012 - 3:52 PM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 115, NAYS 0 Time: 02/23/2012 - 2:35 PM Member: Committee: Version: e1
Event: H Passage on third reading Time: 02/23/2012 - 2:35 PM Member: Committee: Version: e1
Event: H Read 3rd time Time: 02/23/2012 - 2:34 PM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 02/22/2012 - 5:17 PM Member: Committee: Version: c2
Event: H Placed on 3rd reading Time: 02/22/2012 - 3:58 PM Member: Committee: Version: c2
Event: H Amendment 138831 adopted Time: 02/22/2012 - 3:58 PM Member: Committee: Version: c2
Event: H Amendment 271209 adopted Time: 02/22/2012 - 3:58 PM Member: Committee: Version: c2
Event: H Amendment 813789 adopted Time: 02/22/2012 - 3:56 PM Member: Committee: Version: c2
Event: H Amendment 089525 adopted Time: 02/22/2012 - 3:56 PM Member: Committee: Version: c2
Event: H Amendment 534865 adopted Time: 02/22/2012 - 3:56 PM Member: Committee: Version: c2
Event: H Amendment 634279 adopted Time: 02/22/2012 - 3:55 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 02/22/2012 - 3:54 PM Member: Committee: Version: c2
Event: H Amendment 813789 filed Time: 02/21/2012 - 1:58 PM Member: Committee: Version: c2
Event: H Amendment 138831 filed Time: 02/21/2012 - 1:56 PM Member: Committee: Version: c2
Event: H Amendment 271209 filed Time: 02/21/2012 - 1:52 PM Member: Committee: Version: c2
Event: H Amendment 089525 filed Time: 02/21/2012 - 1:48 PM Member: Committee: Version: c2
Event: H Amendment 534865 filed Time: 02/21/2012 - 1:45 PM Member: Committee: Version: c2
Event: H Amendment 634279 filed Time: 02/21/2012 - 1:43 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (2/22/2012) Time: 02/20/2012 - 6:40 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 01/23/2012 - 6:52 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 01/23/2012 - 6:52 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 01/23/2012 - 12:03 PM Member: Committee: Version: c2
Event: H CS Filed Time: 01/20/2012 - 3:23 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 01/20/2012 - 3:23 PM Member: Committee: Version: c1
Event: H Reported out of Economic Affairs Committee Time: 01/20/2012 - 3:17 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Favorable with CS by Economic Affairs Committee Time: 01/12/2012 - 2:00 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Added to Economic Affairs Committee agenda Time: 01/10/2012 - 4:20 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Now in Economic Affairs Committee Time: 12/09/2011 - 3:59 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Referred to Economic Affairs Committee Time: 12/09/2011 - 3:59 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H CS Filed Time: 12/07/2011 - 12:41 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 12/07/2011 - 12:41 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 12/07/2011 - 12:32 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 11/16/2011 - 10:30 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 11/09/2011 - 4:14 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 10/28/2011 - 3:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 10/28/2011 - 3:36 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 10/28/2011 - 3:36 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 10/28/2011 - 3:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 10/17/2011 - 3:58 PM Member: Nuñez Committee: Version: __