BILL · 2007–08 SESSION
SB 5262: Transact insurance
Establishing certain capital and surplus requirements necessary to transact insurance.
Summary
- The date on which the initial capital and surplus requirements apply is clarified to be when the insurer initially qualifies for authority to transact the various kinds of insurance. The ocean marine and foreign trade kinds of insurances are included as kinds of insurance for purposes of the initial capital and surplus requirements.
From the Senate Bill Report (SB 5262), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 15, 2007
- Out of committeeFeb 2, 2007
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Rosa Franklin (D-29)
- Introduced
- January 15, 2007 in the Senate
- Last action
- January 14, 2008
- Requested by
- Other
- Companion bill
- HB 1236
AN ACT Relating to the capital and surplus requirements necessary to transact insurance;
Sponsors
Prime sponsor: Rosa Franklin (D-29)
3 co-sponsors (3 Democrats, 0 Republicans)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- Passed to Rules Committee for second reading.
- FI - Majority; do pass.
- First reading, referred to Financial Institutions & Insurance.
SB 5262 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5262 (2025–26) Insurance statutes
- SB 5262 (2023–24) Cemetery district filings
- SB 5262 (2021–22) Data center tax incentive
- SB 5262 (2019–20) Special education
- SB 5262 (2017–18) Vessel pilotage act exempt.
- SB 5262 (2015–16) Juvenile case records
- SB 5262 (2013–14) Lodging tax
- SB 5262 (2011–12) Breast reconstruction info