Banking & Insurance 2025-2026

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The Senate Banking & Insurance Committee met on Tuesday, June 30, 2026, and reported out the following legislation:

HB1123 (Gallagher)

• HB1123 was reported as amended unanimously

SB738 (Gebhard/Street)

• SB738 was reported as amended unanimously

The Senate Banking & Insurance Committee met on Wednesday, May 6, 2026 and reported out the following legislation:

SB1321 (Gebhard/Dush) establishing Eligibility for State Funds Act limiting state funds from DHS to go to gender-affirming care for minors

• SB1321 was reported as committed 10-4

The Senate Banking & Insurance Committee met on Tuesday, March 17, 2026 and reported out the following legislation:

SB1210 (Gebhard/Street) would amend Title 40 to codify Insurance Departmental authority over the review and approval of pre-licensing courses for insuranceproducers

• SB1210 was reported as committed unanimously

SB1211 (Robinson/Gebhard) amends the Insurance Company Act to require biomarker testing be covered in Medicaid Fee-for-Service plans

• SB1211 was reported as committed unanimously

The Senate Banking & Insurance Committee met on Monday, October 27, 2025 to vote on the following legislation:

Senate Bill 1074 (Coleman/Street):  Amending Act 72 of 1983 Pertaining to Changes in Business Practices of Public Adjusters

• Reported as committed by unanimous vote.

House Bill 1704 (Warren): Requires disclosure of flood related risks on a seller’s disclosure.

• Reported as committed by a vote of 13 to 1 with Senator Rothman voting in the negative.

The Senate Banking & Insurance Committee met on Tuesday, June 24, 2025 to vote on the following legislation:

House Bill 211 (Warren) –  Amending Act 191 of 1996 known as the Medical Foods Insurance Coverage Act to remove outdated terminology concerning intellectual disabilities in the law.

House Bill 261 (Pickett) – Amending Act 284 of 1921 known as the Insurance Company Act to remove outdated terminology concerning intellectual disabilities in the law.           

House Bill 1103 (Cephas) Amending Title 7 (Banks and Banking) to update the Mortgage Licensing Act concerning the use of discount points on a loan.

All three bills passed from committee unanimously.

The Senate Banking & Insurance Committee met on Tuesday, June 10, 2025 to vote on the following legislation:

Senate Bill 88 (FARRY) − Updating Breast Cancer Screening Coverage –  Amending the Insurance Company Act relating to required coverage of breast cancer treatment and imaging.

• This legislation passed from committee with a unanimous vote.

The Senate Banking & Insurance Committee met on Tuesday, May 13, 2025 to vote on the following legislation:

Senate Resolution 27 (BROWN) − A Resolution directing the Legislative Budget and Finance Committee to study the feasibility of a no-fault fund relating to infant neurological injuries.

• This resolution passed unanimously.

Senate Bill 738 (GEBHARD/STREET) − Amending the Older Adult Protective Services Act to incorporate financial institutions.

• This bill was pulled from the agenda this morning and was not voted on.

The Senate Banking & Insurance Committee met on Monday, February 3, 2025 at to vote on the following legislation:

Senate Bill 202 (GEBHARD) – Adding virtual currency to the Money Transmitter Act.

This bill passed committee unanimously.