CS/HB 1211 (2020) -  Credit for Reinsurance

General Bill by Commerce Committee and Jones (CO-SPONSORS) Jacquet
Credit for Reinsurance: Transfers specified powers & duties of Commissioner of Insurance Regulation to OIR; requires credits for reinsurance to be allowed to ceding insurers; provides requirements for assuming insurers in order for such credits to be allowed; requires assuming insurers to have & maintain on ongoing basis minimum capital & surplus, or its equivalent, and, if applicable, minimum capital & surplus equivalents & central fund; requires assuming insurers to have & maintain on ongoing basis minimum solvency or capital ratio; requires assuming insurers to provide security in specified amount; authorizes ceding insurers & their representatives to seek orders requiring assuming insurers to post security for certain liabilities; authorizes office to revoke & suspend eligibility of assuming insurers under specified circumstance.
Effective Date: January 1, 2021
Last Event: Died on Second Reading Calendar on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1376 Subject: Credit For Reinsurance Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Commerce Committee 2/20/2020 6:35:32 PM
Chamber: House Committee: Commerce Committee 2/18/2020 4:25:58 PM
Chamber: House Committee: Government Operations & Technology Appropriations Subcommittee 2/4/2020 5:07:42 PM
Chamber: House Committee: Government Operations & Technology Appropriations Subcommittee 1/31/2020 5:23:41 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/28/2020 6:57:11 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/25/2020 5:08:13 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Second Reading Calendar Time: 03/14/2020 - 12:00 AM Member: Committee: Version: c1
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: c1
Event: H Amendment 102909 filed Time: 03/04/2020 - 2:01 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 02/21/2020 - 2:33 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 02/21/2020 - 2:33 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 02/20/2020 - 9:11 PM Member: Committee: Version: c1
Event: H CS Filed Time: 02/20/2020 - 6:20 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 02/20/2020 - 6:20 PM Member: Committee: Version: __
Event: H Reported out of Commerce Committee Time: 02/20/2020 - 6:17 PM Member: Committee: Commerce Committee Version: __
Event: H Favorable with CS by Commerce Committee Time: 02/20/2020 - 5:56 PM Member: Committee: Commerce Committee Version: __
Event: H Added to Commerce Committee agenda Time: 02/18/2020 - 3:59 PM Member: Committee: Commerce Committee Version: __
Event: H Now in Commerce Committee Time: 02/04/2020 - 5:05 PM Member: Committee: Commerce Committee Version: __
Event: H Reported out of Government Operations & Technology Appropriations Subcommittee Time: 02/04/2020 - 5:05 PM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Favorable by Government Operations & Technology Appropriations Subcommittee Time: 02/04/2020 - 4:11 PM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Added to Government Operations & Technology Appropriations Subcommittee agenda Time: 01/31/2020 - 4:09 PM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Now in Government Operations & Technology Appropriations Subcommittee Time: 01/28/2020 - 6:58 PM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/28/2020 - 6:58 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 01/28/2020 - 6:54 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/24/2020 - 4:13 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/17/2020 - 9:18 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/17/2020 - 9:18 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to Government Operations & Technology Appropriations Subcommittee Time: 01/17/2020 - 9:18 AM Member: Committee: Government Operations & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/17/2020 - 9:18 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/14/2020 - 11:19 PM Member: Committee: Version: __
Event: H Filed Time: 01/09/2020 - 1:06 PM Member: Jones Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.610 SB 596, SB 1376, HB 7031