FIC 2020 General Insurance Bills Pre-Session Summary
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FIC: Property Insurance Bill Filed On Surplus Lines, Claims Handling, Law & Ordinance
By: Katrina Callaway, FIC General Counsel On January 10, 2020, Sen. Gainer (R-Panama City) filed a bill proposing significant changes to property insurance law. He filed the bill presumably as a result of his constituent’s experience with Hurricane Michael claims. There is no House companion bill yet. The primary focus of SB 1760 is surplus…
FIC: Workers’ Comp Reimbursement Dispute Rule Hearing Held
By: Katrina Callaway, FIC General Counsel On January 8, 2020, the Division of Workers’ Compensation (Division) held a rule hearing on proposed changes to the 13 reimbursement dispute administrative rules. The record of the hearing is open until January 15th for submission of written comments by interested parties. Any comments should be emailed to…
FIC: Property Insurance Changes Found In DFS Consumer Protection Bill
By: Katrina Callaway, FIC General Counsel Yesterday, agency bills for the Department of Financial Services and CFO Jimmy Patronis were filed in the House and Senate. Though the bills are titled “consumer protection.” HB 1137 and SB 1492 contain numerous provisions on property insurance claims handling that property insurers should review. Many of the…
FIC: Industrial Life Insurance Prohibited And Unclaimed Property Law Revised Under Bill
By: Katrina Callaway, FIC General Counsel New writings for industrial life insurance will cease as of June 30, 2020 under omnibus bills relating to consumer protection filed January 7, 2020. HB 1137 and SB 1492 are identical agency bills for the CFO, Jimmy Patronis which means they are very likely to pass during the 2020…