Florida Insurance Council - Covering Florida Since 1962
By: Sam Miller, FIC Consultant SB 378 Taxation — by FloresThis amendment was adopted 728458 With the bill sponsor calling the insurer and business community arguments against the salary tax credit repeal bill “baloney,” Senate President Joe Negron’s initiative to repeal the $300 million insurance premium tax salary credit passed the Senate Finance & Tax…
By: Katrina Callaway, FIC General Counsel On Monday, the First District Court of Appeal ruled in favor of State Farm Florida holding the homeowners’ insurance QUASR data it submits to the OIR is exempt from public disclosure as a trade secret. The court’s opinion is here. The Court held the data was a trade secret…
By: Katrina Callaway, FIC General Counsel The House insurance omnibus bill, HB 359, moved to its last committee of reference on March 20, 2017. The bill was not amended in committee. Although the named driver exclusion provision is still in the House bill, the bill sponsor suggested this provision may be changed at the…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency bill, HB 925, which addresses clean-up issues within the Divisions of Treasury, Accounting and Auditing, State Fire Marshal, Agent and Agency Services, and Risk Management passed its first committee on March 20, 2017. The committee adopted a delete everything amendment to…
FIC Bill Summary 3-12-17.pdf
The FIC website now contains a compilation of bill summaries prepared by FIC General Counsel Katrina Callaway for bills filed for the 2017 Session relating to insurance or insurance companies. The bill summary document is available on the FIC website under Florida Legislature, Summaries and Wrapups. (or click here.) FIC has previously released the summaries…
By: Sam Miller, FIC Consultant A second key legislative committee in 24 hours has approved a plan to simplify the transfer of residential insurance policies from a “pup” to the parent company or other transfers. There are major differences in the House and Senate proposals. The House plan (HB 805) passed the House Appropriations Committee…
By: Katrina Callaway, FIC General Counsel The insurance omnibus bill, SB 454, moved a step closer to the end of its committee run on March 15, 2017. The bill has two committees left. Two amendments were added to the bill in committee. One amendment related to the minimum surplus required for property insurers writing…
By: Katrina Callaway, FIC General Counsel A Senate committee bill opposed by the insurance industry and others to repeal the International Code (I Code) as the baseline building code in Florida and make the current Florida Building Code the baseline code passed its second committee on March 15, 2017. Although the bill was passed by…
By: Katrina Callaway, FIC General Counsel HB 723 by Dr. Gonzalez received approval from its first House committee, Health Quality, on March 15, 2017. The bill would prohibit insurers from requiring physicians maintain board certification as a condition of payment. It also prohibits health care facilities and others from requiring maintenance of certification as a…