Politics.AISenate BillPassed first houseInsurance
SB 583: Insurer financial statements.
What SB 583 does, verified December 7, 2025
The bill aims to amend the insurance code to increase late filing fees for insurers. Currently, admitted insurers that fail to file required financial statements are subject to a late filing fee of $705, with an additional $849 fee for each month or part thereof they continue to transact insurance without filing. The bill would increase these fees to $800 and $900, respectively.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: Referred to Com. on INS. (2025-04-24)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions13 total · showing 5
| May. 12, 2025 | Referred to Com. on INS. |
| Apr. 24, 2025 | Read third time. Passed. (Ayes 37. Noes 0. Page 887.) Ordered to the Assembly. |
| Apr. 24, 2025 | Read third time. Passed. (Ayes 37. Noes 0.) Ordered to the Assembly. |
| Apr. 24, 2025 | In Assembly. Read first time. Held at Desk. |
| Apr. 22, 2025 | Read second time. Ordered to consent calendar. |