2017 Symposium Wrapup
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FIC: Citizens Property Proposes Rate Increases, Water Sub-Limit, & Other Policy Changes for Water Claims
By: Katrina Callaway, FIC General Counsel During its June 20th Board meeting, the Citizens Property Insurance Board of Governors adopted rate and policy changes to be submitted to the Office of Insurance Regulation (OIR) for 2018. Despite lower reinsurance costs and lower rates for wind coverage and primarily because of rising water claim costs,…
FIC: Med Sync Bill Becomes Law
By: Katrina Callaway, FIC General Counsel Florida Governor Rick Scott signed the medication synchronization bill passed during the 2017 legislative session into law on June 14, 2017 and the bill took effect on that date. The bill, SB 800, requires health insurers and health maintenance organizations (HMOs) to offer medication synchronization services on all policies…
FIC: Construction Defect Bill Approved by Governor
By: Katrina Callaway, FIC General Counsel On June 14, 2017, Florida Governor Rick Scott signed HB 377, a bill dealing with the statute of limitation and statute of repose in construction defect causes of action. The bill applies to causes of action that accrue on or after July 1, 2017. Under current law, a cause…
FIC: Drug Price Transparency Database Expansion Signed by Gov. Scott
By: Katrina Callaway, FIC General Counsel On June 9, 2017, Florida Governor Rick Scott signed HB 589 into law and it took effect. The bill expands the number of prescription drugs that must be posted to the MyFloridaRx website from 100 to 300. The website lists the usual and customary prices charged by pharmacies for…
FIC: NCCI and OIR Workers’ Comp Rate Filing Litigation Ends
By: Katrina Callaway, FIC General Counsel No appeal to the Florida Supreme Court was timely filed in the case involving the validity of the 14.5% workers’ compensation rate increase that took effect on December 1, 2016. The appeal filing deadline was June 8, 2017. Because the litigation has now concluded, the Florida Office of…
2017 House and Senate Bills List
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2017 A House and Senate Bills List
The list below consists of bills relating to insurance. Links in the list lead to status reports on each bill on the Legislature’s Online Sunshine network. The status reports include access to the bill text and bill summaries provided by House and Senate staff. The bills in red are TOP PRIORITY for the Legislative Session.…
2017 FIC Bill Summaries Post Session Tax
2017 Summary – Tax.pdf
2017 FIC Bill Summaries Post Session Miscellaneous
2017 Summary – Misc.pdf