Bill Summary

HB 1399 Property Insurance Affiliates (2026 Session)
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Sponsors
by Berfield
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Summary
Property Insurance Affiliates: Requires insurers to provide to OIR documentation demonstrating that financial considerations & payments to affiliates are fair & reasonable; requires office to consider certain factors to determine whether such considerations & payments are fair & reasonable; requires compensation arrangements between insurers & affiliates to be structured as fees for service; requires insurers to submit, & office to review, audited financial statements; requires contracts between insurers & affiliates to contain certain provisions; authorizes office to issue orders restricting fund transfers from insurers to affiliates under certain circumstances; requires affiliates to make certain refunds under certain circumstances; provides authority of office over affiliate dividends; requires affiliates to register with office. Effective Date: July 1, 2026
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committees of reference
   H Insurance & Banking Subcommittee
   H Commerce Committee
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Actions
01/09/26
HOUSE 
Filed
01/15/26
HOUSE 
Referred to Insurance & Banking Subcommittee; Commerce Committee
01/15/26
HOUSE 
Now in Insurance & Banking Subcommittee
01/16/26
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 01/21/26, 10:00 am, 17 H
01/22/26
HOUSE 
Favorable by Insurance & Banking Subcommittee on 01/21/26; 17 Yeas, 0 Nays
01/22/26
HOUSE 
Now in Commerce Committee
01/23/26
HOUSE 
On Committee agenda - Commerce Committee, 01/27/26, 12:30 pm, 212 K
01/27/26
HOUSE 
Favorable by Commerce Committee; 23 Yeas, 0 Nays
01/27/26
HOUSE 
Placed on Calendar, on 2nd reading
01/29/26
HOUSE 
Placed on Special Order Calendar, 02/04/26
02/04/26
HOUSE 
Read Second Time; Read Third Time; Passed (Vote: 106 Yeas / 3 Nays)
02/04/26
SENATE
In Messages
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bill text & filed amendments
1399
Filed on 01/09/26
PDF
No amendments to this bill text filed.
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Statute Citations
624.44101
624.44102
624.44103
627.062
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