HB 733 (2021) -  Credit for Reinsurance

General Bill by Fetterhoff (CO-SPONSORS) Leek
Credit for Reinsurance: Adds conditions under which ceding insurer must be allowed credit for reinsurance; revises attorney designation requirement in reinsurance agreements; defines "reciprocal jurisdiction" & "covered agreement"; specifies requirements for assuming insurers & reinsurance agreements; authorizes ceding insurer or its representative subject to rehabilitation, liquidation, or conservation to seek court order; specifies limitation on credit taken by ceding insurer; authorizes office to revoke or suspend assuming insurer's eligibility.
Companion Bill passed SB 728 Credit for Reinsurance By Broxson
Effective Date: July 1, 2021
Last Event: Companion bill(s) passed, see SB 728 (Ch. 2021-101) on Tuesday, April 13, 2021 8:27 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 728 Subject: Credit for Reinsurance Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/17/2021 4:08:48 PM
Chamber: House Committee: Final Bill Analysis 5/25/2021 11:26:46 AM
Chamber: House Committee: Commerce Committee 3/16/2021 7:56:53 PM
Chamber: House Committee: Commerce Committee 3/12/2021 4:08:17 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 3/9/2021 3:03:26 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 3/8/2021 1:24:00 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/4/2021 2:48:28 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/2/2021 5:57:59 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table; companion bill(s) passed, see SB 728 (Ch. 2021-101) Time: 04/13/2021 - 8:27 PM Member: Committee: Version: __
Event: H Substituted SB 728 Time: 04/13/2021 - 8:27 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (4/13/2021) Time: 04/08/2021 - 5:31 PM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 03/16/2021 - 8:11 PM Member: Committee: Version: __
Event: H Bill released to House Calendar Time: 03/16/2021 - 8:11 PM Member: Committee: Version: __
Event: H Reported out of Commerce Committee Time: 03/16/2021 - 8:11 PM Member: Committee: Commerce Committee Version: __
Event: H Favorable by Commerce Committee Time: 03/16/2021 - 7:52 PM Member: Committee: Commerce Committee Version: __
Event: H Added to Commerce Committee agenda Time: 03/12/2021 - 4:00 PM Member: Committee: Commerce Committee Version: __
Event: H Now in Commerce Committee Time: 03/09/2021 - 3:05 PM Member: Committee: Commerce Committee Version: __
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 03/09/2021 - 3:05 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 03/09/2021 - 2:25 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 03/05/2021 - 4:25 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 03/04/2021 - 2:49 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/04/2021 - 2:49 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 03/04/2021 - 2:09 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/02/2021 - 9:21 PM Member: Committee: Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 03/02/2021 - 3:24 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 02/18/2021 - 9:50 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 02/18/2021 - 9:50 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 02/18/2021 - 9:50 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 02/18/2021 - 9:50 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/03/2021 - 11:56 AM Member: Fetterhoff Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.610 SB 728