Florida Insurance Council - Covering Florida Since 1962
By: FIC and Greenberg Traurig The life insurance industry received a big win in court last Friday when a Tallahassee judge ruled the 2016 changes to the unclaimed property statute violated life insurers’ due process rights and enjoined retroactive application of the new law. A copy of the Judge’s Order is attached here. The…
4-24-18 FIC’s OIR Draft 2018 Claims Reporting Form Comments.pdf
By: Katrina Callaway, FIC General Counsel Florida Governor Rick Scott signed HB 533 into law last week. Starting July 1, 2018, the bill allows an insurer to condition the sale of insurance on the purchase of motor vehicle services if such services are purchased from a membership organization that as of January 1, 2018 is…
By: Katrina Callaway, FIC General Counsel Last week, Florida Governor Rick Scott signed HB 483 into law. Starting July 1, 2018, insurers and insurance agents will be allowed to give additional types of promotional and advertising gifts to insureds, prospective insureds, or others. Store gift cards, gift certificates, event tickets, goods, wares, anti-fraud or loss…
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By: Katrina Callaway, FIC General Counsel The insurance omnibus bill, HB 465, was signed by Florida Governor Rick Scott on March 30, 2018. The bill took effect on March 30th when it was signed. The bill makes changes to a variety of insurance laws as follows: Auto Policy Cancellation Using Intelligent Mail Tracking: Allows…
By: Katrina Callaway, FIC General Counsel Governor Rick Scott signed HB 1073, the DFS agency bill, on March 23, 2018. The bill has insurance and non-insurance provisions in it. The insurance provisions in the bill relate to managing general agent (MGA) licensure, exchange of business, life agent, and other insurance laws as described below.…