Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel HB 1089 provides more flexibility on who pays taxes on trust investments. Specifically, the bill allows an independent trustee of any grantor trust to reimburse the grantor for all or part of the income taxes paid by the grantor as a result of the trust’s income. The life…
By: Katrina Callaway, FIC General Counsel The House transportation omnibus bill, HB 395, that includes some insurance related provisions passed the full House on March 9, 2020 and was sent to the Senate for approval. Although a number of amendments were adopted to the bill on the House floor, none of them related to the…
By: Katrina Callaway, FIC General Counsel Language prohibiting a condo unit owner’s property policy from allowing the unit owner to subrogate against the condo association if the association’s policy does not allow the association to subrogate against the unit owner passed the full House in two bills (HB 623 and HB 689) on March 9,…
By: Katrina Callaway, FIC General Counsel HB 1409 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which current law already protects from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes Own-Risk and Solvency…
By: Katrina Callaway, FIC General Counsel HB 971, the House electronic bike (e-bike) bill, unanimously passed the full House on March 9, 2020 and was immediately sent to the Senate. Upon receipt, the Senate took up the Senate bill, substituted the House bill for the Senate bill, and rolled the House bill to third reading…
By: Katrina Callaway, FIC General Counsel The Agency for Healthcare Administration (AHCA) agency bill contains two insurance related provisions – one revising medical clinic licensing law and one revising the shared savings law. The full House approved their bill, HB 731 on March 9, 2020 and sent the bill to the Senate for approval. The…