CS/CS/SB 1422 (2016) -  Insurer Regulatory Reporting

General Bill by Appropriations and Banking and Insurance and Simmons
Insurer Regulatory Reporting: Requiring an insurer to maintain a risk management framework; requiring certain insurers and insurance groups to conduct an own-risk and solvency assessment; requiring certain insurers and members of an insurance group to prepare and submit a corporate governance annual disclosure; requiring the initial corporate governance annual disclosure to be submitted to the Office of Insurance Regulation by a specified date, etc.
SB Substituted for CS/CS/HB 1163 By Regulatory Affairs Committee and Insurance & Banking Subcommittee and Hager
Effective Date: 10/01/2016
Last Event: 04/08/16 Chapter No. 2016-206, companion bill(s) passed, see CS/CS/SB 1416 (Ch. 2016-205) on Friday, April 8, 2016 2:35 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 01/26/16 9:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 0
  • Appropriations Subcommittee on General Government
    • On agenda for: 02/11/16 10:00 AM
    • Recommendation: Favorable With Committee Substitute (final action) Votes: Yeas 5   Nays 0
  • Appropriations
    • On agenda for: 02/25/16 10:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 17   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1416 Subject: Public Records/Own-risk and Solvency Assessment/Corporate Governance Annual Disclosure Relationship: Linked
Bill #: CS/CS/HB 1163 Subject: Insurer Regulatory Reporting Relationship: Similar
Bill #: CS/CS/HB 1165 Subject: Pub. Rec./Office of Insurance Regulation Relationship: Compare

Bill Text

  • Enrolled
  • Engrossed 1
    • A 773647 , Hager Date Filed: 03/07/16, Line#: 392 House: Withdrawn 03/07/2016 11:35 AM
  • Committee Substitute 2
    • A 166730 , Simmons Date Filed: 03/03/16, Line#: 339 Senate: Adopted 3/3/2016 11:09:24 AM
  • Committee Substitute 1
    • P 364684 , Appropriations Date Filed: 02/15/16, Line#: 0 Senate(c): Replaced by Committee Substitute 02/26/2016 12:53 PM
    • A 243832 , Appropriations Subcommittee on General Government, Lee Date Filed: 02/10/16, Line#: 202 Senate(c): Replaced by Committee Substitute 02/15/2016 12:10 PM
    • A 166092 , Appropriations Subcommittee on General Government, Lee Date Filed: 02/10/16, Line#: 337 Senate(c): Replaced by Committee Substitute 02/15/2016 12:10 PM
    • A 694796 , Appropriations, Simmons Date Filed: 02/25/16, Line#: 289 Senate(c): Withdrawn 02/25/2016 10:30 AM
    • A 657686 , Appropriations, Simmons Date Filed: 02/25/16, Line#: 316 Senate(c): Replaced by Committee Substitute 02/26/2016 12:53 PM
  • Original Filed Version
    • A 884538 , Banking and Insurance, Simpson Date Filed: 01/25/16, Line#: 119 Senate(c): Replaced by Committee Substitute 01/26/2016 11:59 AM
    • A 728084 , Banking and Insurance, Simpson Date Filed: 01/25/16, Line#: 327 Senate(c): Replaced by Committee Substitute 01/26/2016 11:59 AM
    • A 197750 , Banking and Insurance, Simpson Date Filed: 01/25/16, Line#: 346 Senate(c): Replaced by Committee Substitute 01/26/2016 11:59 AM

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Appropriations 2/29/2016 1:37:31 PM
Chamber: Senate Committee: Appropriations 2/24/2016 11:07:22 AM
Chamber: Senate Committee: Appropriations 2/24/2016 9:34:01 AM
Chamber: Senate Committee: Appropriations Subcommittee on General Government 2/15/2016 2:56:51 PM
Chamber: Senate Committee: Appropriations Subcommittee on General Government 2/9/2016 11:27:16 AM
Chamber: Senate Committee: Banking and Insurance 1/27/2016 4:05:52 PM
Chamber: Senate Committee: Banking and Insurance 1/25/2016 8:16:58 AM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 03/04/2016 03:46 PM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 44] Barcode:
Chamber: House Date: 03/08/2016 11:35 AM   Yeas: 117 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 804] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2016-206, companion bill(s) passed, see CS/CS/SB 1416 (Ch. 2016-205) Time: 04/08/2016 - 2:35 PM Member: Committee: Version: er
Event: Approved by Governor Time: 04/08/2016 - 11:58 AM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 03/25/2016 - 9:06 AM Member: Committee: Version: er
Event: H Message sent to senate Time: 03/08/2016 - 12:47 PM Member: Committee: Version: e1
Event: S Ordered enrolled -SJ 838 Time: 03/08/2016 - 12:33 PM Member: Committee: Version: e1
Event: H CS passed; YEAS 117, NAYS 0 Time: 03/08/2016 - 11:34 AM Member: Committee: Version: e1
Event: H Read 3rd time Time: 03/08/2016 - 11:34 AM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 03/07/2016 - 4:16 PM Member: Committee: Version: e1
Event: H Placed on 3rd reading Time: 03/07/2016 - 1:26 PM Member: Committee: Version: e1
Event: H Substituted for CS/CS/HB 1163 Time: 03/07/2016 - 1:26 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 03/07/2016 - 1:25 PM Member: Committee: Version: e1
Event: H Amendment 773647 withdrawn Time: 03/07/2016 - 11:35 AM Member: Committee: Version: e1
Event: H Amendment 773647 filed Time: 03/07/2016 - 7:59 AM Member: Committee: Version: e1
Event: H 1st Reading Time: 03/04/2016 - 9:27 PM Member: Committee: Version: e1
Event: H Bill added to Special Order Calendar (3/7/2016) Time: 03/04/2016 - 6:39 PM Member: Committee: Version: e1
Event: H Bill referred to House Calendar Time: 03/04/2016 - 4:36 PM Member: Committee: Version: e1
Event: H In Messages Time: 03/04/2016 - 4:33 PM Member: Committee: Version: e1
Event: S CS passed as amended; YEAS 38 NAYS 0 -SJ 712 Time: 03/04/2016 - 3:46 PM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 712 Time: 03/04/2016 - 3:45 PM Member: Committee: Version: e1
Event: S Placed on 3rd reading Time: 03/03/2016 - 11:10 AM Member: Committee: Version: c2
Event: S Ordered engrossed -SJ 600 Time: 03/03/2016 - 11:10 AM Member: Committee: Version: c2
Event: S Amendment(s) adopted (166730) -SJ 600 Time: 03/03/2016 - 11:09 AM Member: Committee: Version: c2
Event: S Read 2nd time -SJ 600 Time: 03/03/2016 - 11:08 AM Member: Committee: Version: c2
Event: S Retained on Special Order Calendar Time: 03/02/2016 - 5:44 PM Member: Committee: Version: c2
Event: S CS/CS by Appropriations read 1st time -SJ 508 Time: 03/01/2016 - 6:45 PM Member: Committee: Appropriations Version: c2
Event: S Placed on Special Order Calendar, 03/02/16 Time: 02/29/2016 - 6:11 PM Member: Committee: Version: c2
Event: S Placed on Calendar, on 2nd reading -SJ 497 Time: 02/29/2016 - 6:06 PM Member: Committee: Version: c2
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 02/29/2016 - 2:34 PM Member: Committee: Appropriations Version: c2
Event: S CS/CS by- Appropriations; YEAS 17 NAYS 0 -SJ 497 Time: 02/25/2016 - 7:39 PM Member: Committee: Appropriations Version: c1
Event: S On Committee agenda-- Appropriations, 02/25/16, 10:00 am, 412 Knott Building Time: 02/22/2016 - 4:23 PM Member: Committee: Appropriations Version: c1
Event: S Now in Appropriations -SJ 425 Time: 02/15/2016 - 3:50 PM Member: Committee: Appropriations Version: c1
Event: S Subcommittee Recommendation: CS/CS by Appropriations Subcommittee on General Government; YEAS 5 NAYS 0 -SJ 425 Time: 02/11/2016 - 12:12 PM Member: Committee: Appropriations Subcommittee on General Government Version: c1
Event: S On Committee agenda-- Appropriations Subcommittee on General Government, 02/11/16, 10:00 am, 110 Senate Office Building Time: 02/08/2016 - 3:42 PM Member: Committee: Appropriations Subcommittee on General Government Version: c1
Event: S Now in Appropriations Subcommittee on General Government -SJ 246 Time: 01/28/2016 - 2:46 PM Member: Committee: Appropriations Subcommittee on General Government Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 254 Time: 01/27/2016 - 7:30 PM Member: Committee: Banking and Insurance Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 01/27/2016 - 4:25 PM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 246 Time: 01/26/2016 - 11:37 AM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 01/26/16, 9:00 am, 110 Senate Office Building Time: 01/21/2016 - 2:06 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 189 Time: 01/14/2016 - 7:00 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 189 Time: 01/14/2016 - 4:17 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/06/2016 - 4:21 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.4212 CS/CS/HB 1165, CS/CS/SB 1416
628.8015 CS/CS/HB 1163
628.803 CS/CS/HB 1163