SB 1376 (2020) -  Credit For Reinsurance

General Bill by Broxson (CO-SPONSORS) Baxley
Credit For Reinsurance: Adding conditions under which a ceding insurer must be allowed credit for reinsurance; specifying requirements for assuming insurers and reinsurance agreements; authorizing a ceding insurer or its representative that is subject to rehabilitation, liquidation, or conservation to seek a certain court order; authorizing the Office of Insurance Regulation to revoke or suspend an assuming insurer’s eligibility under certain conditions, etc.
Effective Date: 07/01/2020
Last Event: Died on Second Reading Calendar on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 01/21/20 12:00 PM
    • Favorable (final action) Votes: Yeas 8   Nays 0
  • Judiciary
    • On agenda for: 01/28/20 4:00 PM
    • Favorable (final action) Votes: Yeas 6   Nays 0
  • Rules
    • On agenda for: 03/02/20 12:00 PM
    • Favorable (final action) Votes: Yeas 17   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 1211 Subject: Credit for Reinsurance Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Rules 3/3/2020 4:41:52 PM
Chamber: Senate Committee: Rules 2/28/2020 12:17:38 PM
Chamber: Senate Committee: Judiciary 1/28/2020 6:50:53 PM
Chamber: Senate Committee: Judiciary 1/27/2020 3:58:10 PM
Chamber: Senate Committee: Banking and Insurance 1/21/2020 2:01:54 PM
Chamber: Senate Committee: Banking and Insurance 1/17/2020 12:11:12 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 03/09/2020 02:42 PM   Yeas: 38 Nays: 1 Action: Action 2: Vote Detail: Vote [Seq# 34] Barcode:

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 03/10/2020 - 9:51 PM Member: Committee: Version: __
Event: H Temporarily postponed, on 2nd Reading Time: 03/10/2020 - 8:34 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (3/10/2020) Time: 03/10/2020 - 12:30 AM Member: Committee: Version: __
Event: H 1st Reading Time: 03/09/2020 - 11:59 PM Member: Committee: Version: __
Event: H Bill referred to House Calendar Time: 03/09/2020 - 11:57 PM Member: Committee: Version: __
Event: H In Messages Time: 03/09/2020 - 3:32 PM Member: Committee: Version: __
Event: S Passed; YEAS 38 NAYS 1 -SJ 540 Time: 03/09/2020 - 2:43 PM Member: Committee: Version: __
Event: S Read 3rd time -SJ 540 Time: 03/09/2020 - 2:42 PM Member: Committee: Version: __
Event: S Read 2nd time -SJ 540 Time: 03/09/2020 - 2:42 PM Member: Committee: Version: __
Event: S Placed on Special Order Calendar, 03/09/20 -SJ 550 Time: 03/05/2020 - 4:49 PM Member: Committee: Version: __
Event: S Placed on Calendar, on 2nd reading Time: 03/03/2020 - 4:53 PM Member: Committee: Rules Version: __
Event: S Favorable by- Rules; YEAS 17 NAYS 0 -SJ 374 Time: 03/02/2020 - 7:41 PM Member: Committee: Rules Version: __
Event: S On Committee agenda-- Rules, 03/02/20, 12:00 pm, 110 Senate Building Time: 02/26/2020 - 5:42 PM Member: Committee: Rules Version: __
Event: S Now in Rules Time: 01/29/2020 - 7:41 AM Member: Committee: Rules Version: __
Event: S Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 214 Time: 01/28/2020 - 6:41 PM Member: Committee: Judiciary Version: __
Event: S On Committee agenda-- Judiciary, 01/28/20, 4:00 pm, 110 Senate Building Time: 01/23/2020 - 3:34 PM Member: Committee: Judiciary Version: __
Event: S Now in Judiciary Time: 01/21/2020 - 2:13 PM Member: Committee: Judiciary Version: __
Event: S Favorable by Banking and Insurance; YEAS 8 NAYS 0 -SJ 154 Time: 01/21/2020 - 1:36 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 01/21/20, 12:00 pm, 412 Knott Building Time: 01/16/2020 - 3:41 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 102 Time: 01/14/2020 - 11:02 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary; Rules -SJ 102 Time: 01/13/2020 - 1:10 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/03/2020 - 1:42 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.610 SB 596, CS/HB 1211, HB 7031