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SB42Introduced in the Senate

Providing for the establishment of a web-based online insurance verification system for the verification of evidence of motor vehicle liability insurance, eliminating the requirement that the commissioner of insurance submit certain reports to the governor and requiring certain reports be available on the insurance department's website, removing certain entities from the definition of person for the purpose of enforcing insurance law, requiring that third party administrators maintain separate fiduciary accounts for individual payors and prohibiting the commingling of funds held on behalf of multiple payors, requiring the disclosure to the commissioner of insurance of any bankruptcy petition filed by or on behalf of such administrator pursuant to the United State bankruptcy code, requiring title agents to make their reports available for inspection upon request of the commissioner of insurance instead of submitting such reports annually, standardizing the amount of surety bonds filed with the commissioner of insurance at $100,000 and eliminating the small business exemption in certain counties.

Passed

Introduced by Financial Institutions and Insurance

What does this bill do?

Plain-English breakdown

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Official description

Providing for the establishment of a web-based online insurance verification system for the verification of evidence of motor vehicle liability insurance, eliminating the requirement that the commissioner of insurance submit certain reports to the governor and requiring certain reports be available on the insurance department's website, removing certain entities from the definition of person for the purpose of enforcing insurance law, requiring that third party administrators maintain separate fiduciary accounts for individual payors and prohibiting the commingling of funds held on behalf of multiple payors, requiring the disclosure to the commissioner of insurance of any bankruptcy petition filed by or on behalf of such administrator pursuant to the United State bankruptcy code, requiring title agents to make their reports available for inspection upon request of the commissioner of insurance instead of submitting such reports annually, standardizing the amount of surety bonds filed with the commissioner of insurance at $100,000 and eliminating the small business exemption in certain counties.

Where it stands

Senate Approved by Governor on Tuesday, April 8, 2025

April 10, 2025

How did lawmakers vote?

House votes

2 recorded votes · each counted separately

Senate votes

2 recorded votes · each counted separately

SenateStage: Senate Conference Committee Report was adopted - Yea: 39 Nay: 1 · March 27, 2025

39

Yes

1

No

0

Absent or Not Voting

40 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

Bill history

  1. Senate Introduced

  2. Senate Referred to Committee on Financial Institutions and Insurance

  3. Senate Hearing: Tuesday, February 11, 2025, 9:30 AM Room 546-S

  4. Senate Hearing: Wednesday, February 12, 2025, 9:30 AM Room 546-S

  5. Senate Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance

  6. Senate Committee of the Whole - Committee Report be adopted

  7. Senate Committee of the Whole - Motion to Amend - Offered by Senator Dietrich

  8. Senate Committee of the Whole - Amendment by Senator Dietrich was adopted

  9. Senate Committee of the Whole - Motion to Amend - Offered by Senator Titus

  10. Senate Committee of the Whole - Amendment by Senator Titus was adopted

  11. Senate Committee of the Whole - Be passed as further amended

  12. Senate Emergency Final Action - Passed as amended; Yea: 38 Nay: 2

  13. House Received and Introduced

  14. House Referred to Committee on Insurance

  15. House Hearing: Monday, March 3, 2025, 3:30 PM Room 218-N

  16. House Committee Report recommending bill be passed as amended by Committee on Insurance

  17. House Committee of the Whole - Committee Report be adopted

  18. House Committee of the Whole - Be passed as amended

  19. House Final Action - Passed as amended; Yea: 102 Nay: 20

  20. Senate Nonconcurred with amendments; Conference Committee requested; appointed Senator Dietrich , Senator Fagg and Senator Francisco as conferees

  21. House Motion to accede adopted; Representative Sutton, Representative Bergkamp and Representative Neighbor appointed as conferees

  22. House Conference committee report now available

  23. House Conference Committee Report was adopted; Yea: 124 Nay: 1

  24. Senate Conference Committee Report was adopted; Yea: 39 Nay: 1

  25. Senate Enrolled and presented to Governor on Friday, April 4, 2025

  26. Senate Approved by Governor on Tuesday, April 8, 2025

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