Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 1032 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 second committee, Senate Commerce and Tourism, on April 17, 2017 with a delete everything amendment to move the Senate bill…
By: Katrina Callaway, FIC General Counsel The Senate Appropriations Committee unanimously approved the Senate workers’ compensation reform package on April 13, 2017. The Committee also adopted a delete everything amendment to the bill that largely made technical changes to the bill. The concepts for comp reform contained in the original version of the bill were…
By: Sam Miller, FIC Consultant SB 1766 Motor Vehicle Insurance — by Lee (T)SB 1768 Public Records/Medical Payments Coverage and Liability Motor Vehicle Insurance Policies/Department of Highway Safety and Motor Vehicles — by LeeHB 1063 Motor Vehicle Insurance — by Grall (Information from Greenberg Traurig was used in this report.) Packages repealing Florida’s PIP/no-fault law…
By: Katrina Callaway, FIC General Counsel A bill related to the Florida Life and Health Insurance Guaranty Association (FLAHIGA or Association) passed its second Senate committee on April 13, 2017. The bill has one committee left. The House companion is identical and has passed all its committees. Specifically, the bill:• Increases the maximum claim…
By: Katrina Callaway, FIC General Counsel SB 730, the DFS agency package that cleans up rehabilitation and liquidation provisions in current law moved to its last Senate committee on April 13, 2017. The Senate Appropriations Committee approved the bill without amendment and sent it to the Rules Committee. This bill is very likely to…
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,…