CS/CS/HB 1271 (2014) -  Insurer Solvency

General Bill by Regulatory Affairs Committee and Insurance & Banking Subcommittee and Ingram (CO-SPONSORS) Hager
Insurer Solvency: Clarifies that production of documents does not waive attorney client or work-product privileges; revises provisions relating to mandatory control level events; revises provisions relating to insurer's annual statement; revises Standard Valuation Law; revises methods for evaluating valuation of industrial life insurance policies; revises provisions relating to calculating additional premium; requires OIR to value insurer reserves; directs FSC to adopt rules; revises Standard Nonforfeiture Law; revises amount of outstanding voting securities of domestic stock insurer or controlling company which person is prohibited from acquiring; deletes provision authorizing insurer to file disclaimer of affiliation & control in lieu of letter notifying OIR of FSC of acquisition of voting securities of domestic stock company; requires insurer to annually file registration statement by specified date; requires insurer to file annual enterprise risk report; authorizes OIR to assess fees on insurers for certain purposes; applying certain statutes related to solvency to prepaid limited health service organizations & HMOs.
Companion Bill passed CS/CS/SB 1308 Insurer Solvency By Judiciary and Banking and Insurance and Simmons
Effective Date: October 1, 2014
Last Event: Companion bill(s) passed, see CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1300 (Ch. 2014-100) on Tuesday, April 29, 2014 4:38 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/HB 1273 Subject: Pub. Rec./Proprietary Business Information/OIR Relationship: Linked
Bill #: CS/CS/SB 1308 Subject: Insurer Solvency Relationship: Similar
Bill #: HB 471 Subject: Insurance Relationship: Compare
Bill #: CS/CS/HB 565 Subject: Insurance Relationship: Compare
Bill #: CS/CS/SB 1260 Subject: Insurance Relationship: Compare
Bill #: CS/CS/SB 1300 Subject: Public Records/Office of Insurance Regulation Relationship: Compare

Bill Text

  • Committee Substitute 2
  • Committee Substitute 1
    • A 588757 , Ingram (RAC) Date Filed: 04/09/14, Line#: 311 House(c): Adopted Without Objection 04/11/2014 08:31 AM
    • A 039573 , Ingram (RAC) Date Filed: 04/09/14, Line#: 1364 House(c): Adopted Without Objection 04/11/2014 08:31 AM
  • Original Filed Version
    • A 651045 , Ingram (IBS) Date Filed: 03/18/14, Line#: 324 House(c): Adopted Without Objection 03/19/2014 06:10 PM
    • A 767747 , Ingram (IBS) Date Filed: 03/18/14, Line#: 523 House(c): Adopted Without Objection 03/19/2014 06:10 PM
    • A 767377 , Ingram (IBS) Date Filed: 03/18/14, Line#: 843 House(c): Adopted Without Objection 03/19/2014 06:10 PM
    • A 503421 , Ingram (IBS) Date Filed: 03/18/14, Line#: 1437 House(c): Adopted Without Objection 03/19/2014 06:10 PM

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/30/2014 1:14:07 PM
Chamber: House Committee: Final Bill Analysis 5/8/2014 2:18:44 PM
Chamber: House Committee: Regulatory Affairs Committee 4/15/2014 11:17:25 AM
Chamber: House Committee: Regulatory Affairs Committee 4/8/2014 7:03:59 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/21/2014 9:49:19 AM
Chamber: House Committee: Insurance & Banking Subcommittee 3/17/2014 6:00:41 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1300 (Ch. 2014-100) Time: 04/29/2014 - 4:38 PM Member: Committee: Version: c2
Event: H Substituted CS/CS/SB 1308 Time: 04/29/2014 - 4:38 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/29/2014) Time: 04/28/2014 - 8:33 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/16/2014 - 10:16 AM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/16/2014 - 10:16 AM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/15/2014 - 11:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/14/2014 - 12:02 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/14/2014 - 12:02 PM Member: Committee: Version: c1
Event: H Reported out of Regulatory Affairs Committee Time: 04/14/2014 - 11:51 AM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Favorable with CS by Regulatory Affairs Committee (Amended) Time: 04/10/2014 - 12:00 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Favorable with CS by Regulatory Affairs Committee Time: 04/10/2014 - 12:00 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Added to Regulatory Affairs Committee agenda Time: 04/08/2014 - 4:14 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H 1st Reading Time: 03/24/2014 - 5:33 PM Member: Committee: Version: c1
Event: H Now in Regulatory Affairs Committee Time: 03/24/2014 - 2:46 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H Referred to Regulatory Affairs Committee Time: 03/24/2014 - 2:46 PM Member: Committee: Regulatory Affairs Committee Version: c1
Event: H CS Filed Time: 03/21/2014 - 9:56 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/21/2014 - 9:56 AM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/21/2014 - 9:50 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/19/2014 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/17/2014 - 4:24 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/11/2014 - 7:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 03/11/2014 - 7:36 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/11/2014 - 7:36 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/04/2014 - 11:50 PM Member: Committee: Version: __
Event: H Filed Time: 03/02/2014 - 2:37 PM Member: Ingram Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.10 CS/CS/SB 1308
624.319 CS/CS/SB 1308
624.402 CS/CS/SB 1308
624.4085 CS/CS/SB 1308
624.424 SB 610, HB 1127, CS/CS/SB 1308
625.121 CS/CS/SB 1308
625.1212 CS/CS/SB 1308
625.1214 CS/CS/SB 1308
627.476 CS/CS/SB 1308
628.461 HB 471, CS/CS/HB 565, CS/CS/SB 1260, CS/CS/SB 1308
628.801 CS/CS/SB 1308
628.803 CS/CS/SB 1308
628.804 CS/CS/SB 1308
628.805 CS/CS/SB 1308
636.045 CS/CS/SB 1308
641.225 CS/CS/SB 1308
641.255 CS/CS/SB 1308