CS/HB 1041 (2016) -  Unclaimed Property

General Bill by Regulatory Affairs Committee and Hager (CO-SPONSORS) Adkins; Clarke-Reed; Combee; Dudley; Jenne; Raulerson; Rodrigues, R.; Rogers; Watson, C.; Wood
Unclaimed Property: Revises presumption of when funds held or owing under matured or terminated life or endowment insurance policy or annuity contract are unclaimed; revises conditions of when certain insurance policies or annuity contracts are deemed matured & proceeds are due & payable; requires insurer to compare records of certain insurance policies, annuity contracts, & retained asset accounts for certain purposes; provides requirements for comparison; provides for presumption of death for certain individuals; requires insurer to account for certain variations in data & partial information; provides circumstances under which policy, contract, or account is deemed to be in force; requires insurer to follow certain procedures after learning of death through specified comparison; authorizes insurer to disclose certain personal information to specified persons or entities for certain purposes; prohibits insurer & specified entities from charging fees & costs associated with certain activities; provides retroactive applicability.
Companion Bill passed CS/SB 966 Unclaimed Property By Banking and Insurance and Benacquisto
Effective Date: upon becoming a law
Last Event: Companion bill(s) passed, see CS/SB 966 (Ch. 2016-219) on Friday, March 4, 2016 2:31 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 966 Subject: Unclaimed Property Relationship: Identical

Bill Text

  • Committee Substitute 1
    • A 771721 , Broxson Date Filed: 03/03/16, Line#: 227
    • SA 424437 , Stark Date Filed: 03/03/16, Line#: 122 House: Withdrawn 03/03/2016 06:02 PM
  • Original Filed Version
    • D 054377 , Hager (IBS) Date Filed: 01/15/16, Line#: 0 House(c): Withdrawn 01/19/2016 08:29 PM
    • A 231833 , Hager (RAC) Date Filed: 02/24/16, Line#: 111 House(c): Adopted Without Objection 02/25/2016 07:32 PM

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 4/12/2016 4:43:37 PM
Chamber: House Committee: Final Bill Analysis 3/16/2016 2:01:53 PM
Chamber: House Committee: Regulatory Affairs Committee 2/29/2016 10:08:30 AM
Chamber: House Committee: Regulatory Affairs Committee 2/23/2016 5:00:58 PM
Chamber: House Committee: Government Operations Appropriations Subcommittee 2/2/2016 3:31:03 PM
Chamber: House Committee: Government Operations Appropriations Subcommittee 2/1/2016 9:30:01 AM
Chamber: House Committee: Insurance & Banking Subcommittee 1/19/2016 8:31:49 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/17/2016 4:11:04 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see CS/SB 966 (Ch. 2016-219) Time: 03/04/2016 - 2:31 PM Member: Committee: Version: c1
Event: H Substituted CS/SB 966 Time: 03/04/2016 - 2:31 PM Member: Committee: Version: c1
Event: H Amendment 424437 withdrawn Time: 03/03/2016 - 6:02 PM Member: Committee: Version: c1
Event: H Amendment 424437 filed Time: 03/03/2016 - 4:54 PM Member: Committee: Version: c1
Event: H Amendment 771721 filed Time: 03/03/2016 - 12:35 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (3/4/2016) Time: 03/02/2016 - 6:36 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/01/2016 - 11:48 AM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 03/01/2016 - 11:48 AM Member: Committee: Version: c1
Event: H 1st Reading Time: 02/29/2016 - 5:40 PM Member: Committee: Version: c1
Event: H CS Filed Time: 02/29/2016 - 10:11 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 02/29/2016 - 10:11 AM Member: Committee: Version: __
Event: H Reported out of Regulatory Affairs Committee Time: 02/29/2016 - 10:07 AM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Favorable with CS by Regulatory Affairs Committee Time: 02/25/2016 - 7:32 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Added to Regulatory Affairs Committee agenda Time: 02/23/2016 - 4:21 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Now in Regulatory Affairs Committee Time: 02/02/2016 - 3:32 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Reported out of Government Operations Appropriations Subcommittee Time: 02/02/2016 - 3:32 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Favorable by Government Operations Appropriations Subcommittee Time: 02/02/2016 - 3:06 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Added to Government Operations Appropriations Subcommittee agenda Time: 01/29/2016 - 4:17 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Now in Government Operations Appropriations Subcommittee Time: 01/19/2016 - 8:30 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/19/2016 - 8:30 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 01/19/2016 - 8:29 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/14/2016 - 4:26 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/12/2016 - 8:37 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/08/2016 - 3:43 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 01/08/2016 - 3:43 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 01/08/2016 - 3:43 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/08/2016 - 3:43 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/28/2015 - 12:23 PM Member: Hager Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
717.107 CS/SB 966