Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 530 passed its last Senate committee, Rules, on April 12, 2017. The bill contains provisions relating to health insurance prior authorization and step therapy. The bill will now be heard on the Senate floor when set by Senate leadership. The bill has been a priority of the Florida…
By: Greenberg Traurig Yesterday, the Florida Cabinet State Board of Administration (“SBA”) unanimously approved the 2017-2018 Florida Hurricane Catastrophe Fund (“CAT Fund”) Reimbursement Premium Formula. The SBA also adopted a proposed rule for Rule 19-8.028, F.A.C., Reimbursement Premium Formula (the “Rule”), which implements the formula. The formula follows statutory criteria that has been in place…
By: Katrina Callaway, FIC General Counsel The House insurance omnibus bill, HB 359, was approved by its last committee of reference on April 6, 2017. Three amendments to the bill were adopted. The bill will now be heard on the House floor when set by the Rules Committee. One amendment adopted (#194351) dealt with the…
By: Sam Miller, FIC Consultant HB 1009 Pub. Rec./DFS/Insurance Fraud Information — by RascheinCS/HB 1007/DFS Insurance Fraud Reporting The critically important public records exemption (HB 1009), which is tied to the Department of Financial Services’ package (CS/HB HB 1007) expanding mandatory insurance fraud reporting unanimously passed the House Government Accountability Committee April 6 and is…
By: Katrina Callaway, FIC General Counsel A bill designed to provide clarification as to when the statute of limitation and statute of repose start for construction defect claims by defining when the construction contract is considered complete passed its second Senate committee on April 7, 2017. The bill is now before the Senate Rules Committee,…
By: Katrina Callaway, FIC General Counsel Saying his goal was to produce stability and reduce rates, Chair Burgess presented the comprehensive workers’ compensation reform bill, HB 7085, to the House Commerce Committee. The bill is a committee bill from the House Insurance and Banking Subcommittee. The Commerce Committee spent over two hours on the bill,…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services’ (DFS) agency bill designed to clean up various provisions in current law under the purview of DFS passed its last House committee on April 6, 2017 and is now ready for the House floor. One amendment was adopted to the bill in committee. …
By: Katrina Callaway, FIC General Counsel On April 6, 2017, the House Commerce Committee approved the omnibus adjuster licensing and regulation bill, HB 911 with one amendment. The bill will now be heard on the House floor when set by the Rules Committee. The bill is primarily supported by the Florida Association of Professional…
By: Katrina Callaway, FIC General Counsel A bill that is a priority of the FIC Life Insurance Committee is now ready for the House floor after being passed by its last House committee on April 6, 2017. The bill, HB 1205, deals with stranger originated life insurance contracts (STOLIs). The bill makes the following…
By: Katrina Callaway, FIC General Counsel HB 1029 allows insurers to give insureds, prospective insureds, or others more advertising or promotional items with a higher value than allowed under current law. The bill passed its last committee, House Commerce, on April 6, 2017 with one amendment and will be heard on the House floor when…