BILL · 2007–08 SESSION

HB 1236: Transact insurance

Establishing certain capital and surplus requirements necessary to transact insurance.

Summary

Creates an ocean marine and foreign trade category of minimum capital and surplus requirements for insurers.
Requires acquired or merged domestic insurers to meet the minimum capital and surplus requirement at the time of the completion of the acquisition or merger.
Prevents domestic insurers that have reached the minimum levels of capital and surplus from returning to 1994 levels.

From the House Bill Report (HB 1236), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 127, Laws of 2007

AN ACT Relating to the capital and surplus requirements necessary to transact insurance;

Passed February 14, 2007

Version voted on: HB 1236

95 Yea 0 Nay 0 Absent 3 Excused

Party	Yea	Nay	Absent	Excused
Democrat	61	0	0	2
Republican	34	0	0	1

How each member voted

Passed April 5, 2007

Version voted on: HB 1236

46 Yea 0 Nay 0 Absent 3 Excused

Party	Yea	Nay	Absent	Excused
Democrat	30	0	0	2
Republican	16	0	0	1

How each member voted

Apr 19, 2007Governor signed.
Apr 19, 2007Effective date 7/22/2007.
Apr 19, 2007Chapter 127, 2007 Laws.
Apr 13, 2007Delivered to Governor.
Apr 10, 2007Speaker signed.
Apr 10, 2007President signed.
Apr 5, 2007Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3.
Apr 5, 2007Rules suspended. Placed on Third Reading.
Apr 4, 2007Placed on second reading by Rules Committee.
Apr 3, 2007Made eligible to be placed on second reading.
Mar 28, 2007Passed to Rules Committee for second reading.
Mar 28, 2007FI - Majority; do pass.
Feb 15, 2007First reading, referred to Financial Institutions & Insurance.
Feb 14, 2007Third reading, passed; yeas, 95; nays, 0; absent, 0; excused, 3.
Feb 14, 2007Rules suspended. Placed on Third Reading.
Feb 8, 2007Placed on second reading by Rules Committee.
Jan 31, 2007Passed to Rules Committee for second reading.
Jan 30, 2007IFCP - Executive action taken by committee.
Jan 30, 2007IFCP - Majority; do pass.
Jan 15, 2007First reading, referred to Insurance, Financial Service & Consumer Protection.

Bill numbers restart every two years, so the same number is a different bill in each session.

HB 1236 (2025–26) Littering, penalty increase · Did not pass · died in committee
HB 1236 (2023–24) Clean fuel/public transport. · Enacted · Chapter 234, Laws of 2023
HB 1236 (2021–22) Residential tenants · Enacted · Chapter 212, Laws of 2021
HB 1236 (2019–20) Marijuana businesses · Did not pass · died in committee
HB 1236 (2017–18) Truancy/school assignments · Did not pass · died in committee
HB 1236 (2015–16) College bound scholarship · Did not pass · passed House, stalled in Senate
HB 1236 (2013–14) Agency decision making · Did not pass · died in committee
HB 1236 (2011–12) Judges in Grant county · Did not pass · passed House, stalled in Senate