HB 1399: Property Insurance Affiliates

GENERAL BILL by Berfield; (CO-INTRODUCERS) Bartleman, Redondo

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.

Current Bill Version Posted: 1/9/2026 01:34 PM

• Senate Committee References (1)

  1. Rules (RC)

• Related Bills (1)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 234 by Smith Insurers’ Financial Transactions Last Action: 3/13/2026 S Died in Banking and Insurance	Compare

• Analyses (2)

  Links in this section are PDF documents.

  • Insurance & Banking Subcommittee (Post-Meeting)   1/22/2026
  • Commerce Committee (Post-Meeting)   1/27/2026

• Floor Votes (1)

  Links in this section are PDF documents.

  Date	Chamber	Result
  2/4/2026 5:58 PM	House	106 Yeas - 3 Nays

• Citations - Statute (4)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
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  624.44101		Page 2 (pdf)
  624.44102		Page 5 (pdf)
  624.44103		Page 7 (pdf)
  627.062	Rate standards.	Page 11 (pdf)

• Bill History

  S = Senate, H = House

  1/9/2026	H	• Filed
  1/13/2026	H	• 1st Reading (Original Filed Version)
  1/15/2026	H	• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  1/16/2026	H	• Added to Insurance & Banking Subcommittee agenda
  1/21/2026	H	• Favorable by Insurance & Banking Subcommittee
  1/22/2026	H	• Reported out of Insurance & Banking Subcommittee • Now in Commerce Committee
  1/23/2026	H	• Added to Commerce Committee agenda
  1/27/2026	H	• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar
  1/29/2026	H	• Bill added to Special Order Calendar (2/4/2026)
  2/4/2026	H	• Read 2nd time • Added to Third Reading Calendar • Read 3rd time • Passed; YEAS 106, NAYS 3
  2/4/2026	S	• In Messages
  2/9/2026	S	• Referred to Rules
  2/10/2026	S	• Received
  3/13/2026	S	• Died in Rules