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FIC: PIP Repeal Filed in House and Senate
By: Katrina Callaway, FIC General Counsel Last week, HB 733 and SB 896 were filed to repeal PIP and replace it with 25/50/10 BI/PD. Neither bill requires Med Pay. There are two primary differences in the bills: the Senate bill repeals PIP on December 31, 2020 which is a year later than the House does…
FIC: AOB Discussed in House Committee
By: Katrina Callaway, FIC General Counsel AOB was discussed in the House for the first time this year during this week’s House Civil Justice Subcommittee meeting. The meeting was intended to provide the Subcommittee with background information about water loss claims, AOB use, and litigation. No legislation was discussed. The Subcommittee ran out of time…
FIC: House Insurance Omnibus Bill Pared Down
By: Katrina Callaway, FIC General Counsel HB 301, the House omnibus insurance bill, will be significantly pared down under a proposed committee substitute (PCS) filed by the bill sponsor on February 6, 2019. The House Insurance and Banking Subcommittee will vote on the proposed committee substitute during their meeting next week. The proposed changes bring…
FIC: LTC Insolvency Bill Gets House Companion
By: Katrina Callaway, FIC General Counsel Bills have now been filed in both chambers to prospectively handle long-term care insolvencies by the Florida Life and Health Guaranty Association (FLAHIGA). HB 673 was filed February 6th and SB 626 was filed January 31st. Both bills are sponsored by seasoned Republican legislators, so we expect the bills will…
FIC: New Life Insurance Lapse Language Filed In Senate Omnibus
By: Katrina Callaway, FIC General Counsel Language on life insurance agent lapse notification supported by NAIFA was included in the Senate omnibus insurance bill, SB 714, filed by Sen. Brandes (R) on February 5, 2019. The language in the Senate bill is similar to language circulated by FIC to the Life Committee last week. A…