Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency bill, HB 1073, takes effect on July 1, 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…
By: Katrina Callaway, FIC General Counsel HB 875 takes effect on July 1, 2018. The bill passed during the 2018 legislative session and further clarifies when the date of completion of a construction contract is for purposes of both the statute of limitations and statute of repose. It provides that a construction contract is complete…
By: Katrina Callaway, FIC General Counsel HB 483 to enrolled bill allows insurers and insurance agents to give additional types of promotional and advertising gifts and changes the amount of these gifts to $100/year, rather than $25/gift. The bill was passed during the 2018 legislative session and takes effect on July 1, 2018. The bill…
By: Katrina Callaway, FIC General Counsel HB 533 to enrolled bill, passed during the 2018 legislative session, takes effect on 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,…
By: Katrina Callaway, FIC General Counsel Sha’Ron James, Florida’s Insurance Consumer Advocate (ICA), recently released the report of the Emergency Medical Transportation Working Group. The Group was formed in 2016 by the ICA to assess the impact of air and ground emergency transportation costs to consumers in Florida. The Group was composed of stakeholders…
By: Katrina Callaway, FIC General Counsel The Division of Workers’ Compensation (Division) held a rule workshop on May 30, 2018 related to proposed rules for reimbursement disputes between health care providers and carriers. The reimbursement dispute rules are used by the Division to resolve disputes between workers’ compensation carriers and health care providers. By…
FHCF May 2018 Bonding Capacity.pdf
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on May 17, 2018 and learned the FHCF is still financially strong despite losses to the Fund in 2017 from Hurricane Irma. During the meeting, the Council received and approved the May Claims Paying…
By: Katrina Callaway, FIC General Counsel The Division of Workers’ Compensation (Division) recently released proposed changes (click here) to the administrative rules governing reimbursement disputes between workers’ compensation carriers and health care providers. The proposed changes will be discussed during a rule workshop on May 30, 2018 from 9:00 am – 12:00 pm in Tallahassee. …
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…