Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel Language on life insurance agent lapse notification supported by NAIFA was included in the Senate omnibus insurance bill, SB 714, filed by Sen. Brandes (R) on February 5, 2019. The language in the Senate bill is similar to language circulated by FIC to the Life Committee last week. A…
By: Katrina Callaway, FIC General Counsel SB 328 increases the jurisdictional threshold for county court, along with other changes to the court system. It unanimously passed its first Senate committee on February 4, 2019 with one amendment. Starting January 1, 2020, the amended bill increases the county court jurisdictional threshold from $15,000 to $30,000 but the…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee continued their discussion of assignment of benefits during their meeting on February 4, 2019. According to Chair Broxson (R), the Committee will vote on the AOB bill, SB 122, next Monday when they meet. The materials from the February 4th meeting…
By: Katrina Callaway, FIC General Counsel Sen. Mayfield (R) filed SB 650 last Friday. The bill is substantially similar to the Senate step therapy and prior authorization bills filed in prior legislative sessions. This is the first year Sen. Mayfield is sponsoring the bill due to the resignation of Sen. Steube, last year’s bill sponsor, who…
By: Katrina Callaway, FIC General Counsel The life insurance interstate compact bill was filed in the House on February 1, 2019. HB 627 by Rep. Hart (D) is substantially similar to the Senate bill, SB 614, that was filed on January 30, 2019 by the Senate Banking and Insurance Chair, Sen. Broxson (R). The…
By: Katrina Callaway, FIC General Counsel Sen. Brandes (R), filed SB 626 on January 31, 2019. The bill is the agreement between the Florida Life and Health Insurance Guaranty Association (FLAHIGA) and the Florida Association of Health Plans (FAHP) on how to deal with long-term care insolvencies on a prospective basis. The FIC Life and…