FIC: Insurer Insolvency Bill Approved By House Committee

By:  Sam Miller, FIC Consultant HB 837 Insurer Insolvency — by Raburn The Department of Financial Services’ insolvency package, including portions of the NAIC receivership model act, moved through the House Governmental Operations & Technology Subcommittee March 28 and will be before the Senate Appropriations Subcommittee on General Government March 29.  While both bills have…

FIC: STOLI Bill Moves in House and Senate

By:  Katrina Callaway, FIC General Counsel The recent decision by the Florida Supreme Court in Wells Fargo v. Pruco Life Insurance, a STOLI case decided unfavorably to life insurers, may be overturned by a bill passed by both the House and Senate Insurance Committees on March 27, 2017.   In this regard, the bill allows…

FIC: Drug Synch Bill approved by Senate Insurance, House Health Care Panels

By:  Sam Miller, FIC Consultant SB 800 Medication Synchronization — by BroxsonAmendment 445314, Broxson  [PDF] HB 1191 Medication Synchronization — by CruzAmendment 689821 Cruz [PDF]     A bill (CS/SB 800, CS/HB 1191) promoting partial refills and synchronization of prescription drugs advanced March 27 through the Senate Banking & Insurance Committee and House Health Innovation Subcommittee.…