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IntroducedFeb 18, 2025
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Passed HouseMay 13, 2025
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Passed SenateJun 03, 2025
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Signed into LawJun 10, 2025
AN ACT CONCERNING ELECTRONIC POSTING OF CERTAIN DOCUMENTS BY INSURERS, NONRENEWAL OR CANCELLATION OF PROPERTY AND CASUALTY INSURANCE POLICIES, FEDERAL HOME LOAN BANKS AND THE INSURERS REHABILITATION AND LIQUIDATION ACT, HYPOTHECATION OF ASSETS AND SURPLUS LINES INSURANCE. To: (1) Allow insurers to post certain insurance policies and endorsements on such insurers' Internet web sites; (2) allow property and casualty insurers to provide policy nonrenewal or cancellation notices by United States Postal Service intelligent mail barcode tracking; (3) extend certain protections to a Federal Home Loan Bank for any pledge, security, credit, collateral, loan, advance, reimbursement or guarantee agreement or arrangement or any similar agreement or arrangement or other credit enhancement to which such bank is a party with an insurance company that is under conservation, rehabilitation, liquidation or administrative supervision by the Insurance Department; (4) allow any domestic insurer, health care center or fraternal benefit society to pledge, hypothecate or encumber such insurer's, center's or society's assets in connection with participation in the Federal Home Loan Bank System; and (5) exempt insurance policies that are procured through unaffiliated wholesale surplus lines insurance brokers from the requirement that insurers and surplus lines insurers sign a statement that diligent efforts were made to obtain insurance from a licensed insurer.
Last Action See all actions
Senate • Jun 16, 2025: Transmitted by Secretary of the State to Governor
Latest Bill Text See all bill texts
Summary/Bill Text
Comments on HB 6981
Tweets
Whip Lists
Sponsors
- Insurance and Real Estate Committeeprimary
Votes
YES: 131
- ALLIE-BRENNAN
- HUGHES
- WELANDER
- PISCOPO
- ARZENO
- JACOBSON
- WILSON
- PIZZUTO
- BAKER
- JOHNSON, D.
- WINTER
- POLLETTA
- BARRY
- JOHNSON, S.
- WOOD
- REDDINGTON-HUGHES
- BELTON
- ROMANO
- RUTIGLIANO
- BIGGINS
- KHAN
- ACKERT
- SCOTT
- BLUMENTHAL
- LAMARK MUIR
- ANDERSON
- BOYD
- LEEPER
- ANISKOVICH
- VAIL
- BROWN, K.
- BOLINSKY
- VEACH
- BROWN, M.
- BRONKO
- WEIR
- BUMGARDNER
- MARTINEZ, R.
- BUCHSBAUM
- YACCARINO
- MCCARTHY VAHEY
- BUCKBEE
- ZAWISTOWSKI
- COLLINS MAIN
- MCGEE
- CALLAHAN
- ZULLO
- MENAPACE
- CANDELORA, V.
- ZUPKUS
- CONCEPCION
- MESKERS
- CANINO
- CONSTANTINE
- MORRIN BELLO
- CARNEY
- DATHAN
- NAPOLI
- CARPINO
- DEFRONZO
- OSBORNE
- CASE
- RITTER
- DELANY
- COURPAS
- DEMICCO
- PARKER
- DAUPHINAIS
- DIGIOVANCARLO
- POULOS
- DECAPRIO
- CANDELARIA, J.
- DILLON
- QUINN
- DELNICKI
- GODFREY
- DOUCETTE
- RADER
- DUBITSKY
- HALL, J.
- EXUM
- ROBERTS
- REYES
- FONCELLO
- ROSARIO
- FAZZINO
- RYAN
- FELIPE
- HALL, C.
- SANTIAGO
- FORTIER
- HOWARD
- FOSTER
- SANTANELLA
- HOXHA
- BUTLER
- GAIEWSKI
- SANTOS
- JENSEN
- GONZALEZ
- GARIBAY
- SHAKE
- KENNEDY
- MUSHINSKY
- GAUTHIER
- SHANNON
- KLARIDES-DITRIA
- PAOLILLO
- GEE
- SIMMS
- LANOUE
- GENGA
- SMITH
- MARRA
- ELLIOTT
- GILCHREST
- STAFSTROM
- MASTROFRANCESCO
- GIBSON
- GUCKER
- MCGORTY, B.
- GRESKO
- HADDAD
- NUCCIO
- HEFFERNAN
- TURCO
- O'DEA
- NOLAN
- HORN
- PAVALOCK-D'AMATO
- SANCHEZ, R.
NO: 13
YES: 36
- JOHN W. FONFARA
- CATHERINE A. OSTEN
- DOUGLAS MCCRORY
- MARTHA MARX
- SAUD ANWAR
- JASON PERILLO
- MD RAHMAN
- SUJATA GADKAR-WILCOX
- DEREK SLAP
- HERRON GASTON
- RICK LOPES
- JULIE KUSHNER
- JOHN A. KISSEL
- BOB DUFF
- PAUL HONIG
- CECI MAHER
- MATTHEW L. LESSER
- PATRICIA BILLIE MILLER
- GARY WINFIELD
- TONY HWANG
- MARTIN M. LOONEY
- MAE FLEXER
- CHRISTINE COHEN
- STEPHEN HARDING
- JAN HOCHADEL
- HENRI MARTIN
- JAMES MARONEY
- ERIC C. BERTHEL
- JOAN V. HARTLEY
- NORMAN NEEDLEMAN
- ROB SAMPSON
- PAUL CICARELLA
- JORGE CABRERA
- JEFF GORDON
- HEATHER S. SOMERS
- RYAN FAZIO
NO: 0
OTHER: 0
Actions
- Jun 16, 2025 | Senate
- Transmitted to the Secretary of State
- Transmitted by Secretary of the State to Governor
- Jun 10, 2025 | Senate
- Public Act 25-87 (LCO)
- Jun 03, 2025 | Senate
- Senate Adopted House Amendment Schedule A
- Senate Passed as Amended by House Amendment Schedule A
- On Consent Calendar / In Concurrence
- May 15, 2025 | Senate
- Favorable Report, Tabled for the Calendar, Senate
- Senate Calendar Number 485
- File Number 925 (LCO)
- May 13, 2025 | House
- House Adopted House Amendment Schedule A 7950
- House Passed as Amended by House Amendment Schedule A
- Mar 27, 2025 | House
- Reported Out of Legislative Commissioners' Office (LCO)
- Favorable Report, Tabled for the Calendar, House
- House Calendar Number 216
- File Number 314 (LCO)
- Mar 21, 2025 | House
- Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM (LCO)
- Mar 11, 2025 | House
- Joint Favorable Substitute (INS)
- Filed with Legislative Commissioners' Office (LCO)
- Feb 21, 2025 | House
- Public Hearing 02/27
- Feb 18, 2025 | House
- Referred to Joint Committee on Insurance and Real Estate
Bill Texts
- Raised BillPDF
- INS Joint Favorable SubstitutePDF
- File No. 314PDF
- File No. 925PDF
- Public Act No. 25-87PDF
- Committee Amendment LCO 6059 -- Insurance and Real Estate CommitteePDF
- Called Amendment House Schedule A LCO# 7950 (J)PDF
- Uncalled House LCO Amendment #7321 (D)PDF
- Uncalled House LCO Amendment #7921 (J)PDF
Documents
- Bill Analysis For File Copy 925
- Bill Analysis for HB-6981, as amended by House "A"
- Bill Analysis For File Copy 314
- Fiscal Note For File Copy 314
- Fiscal Note for HB-6981, As Amended by House "A" (LCO 7950)
- Fiscal Note For File Copy 925
- Fiscal Note for Amendment LCO 7321 (Eliminates Fiscal Impact in Bill)
- Fiscal Note for Amendment LCO 7921 (Eliminates Cost In Bill)
- Fiscal Note for Amendment LCO 7950 (Eliminates Cost In Bill)
- Committee Report INS Joint Fav. Rpt
- Public Hearing Testimony