Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel Governor Ron DeSantis signed the Department of Financial Services (DFS) agency package (HB 1393) on June 25, 2019. The bill takes effect July 1, 2019. The DFS agency package makes changes in several areas administered or regulated by DFS. Most of the changes made in the bill are not…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package (HB 1393) gained final passage from the Florida Legislature on May 1, 2019 when the House approved the three amendments the Senate sent to them and then passed the bill with a vote of 112-2. The House originally passed the…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package (HB 1393) passed the House last week and was sent to the Senate for approval. The Senate made changes to the House bill sent to them when it was heard on the Senate floor on April 29, 2019. The Senate removed…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package (HB 1393) passed the House last week and was sent to the Senate for approval. On April 29, 2019, via floor amendments, the Senate removed or amended some of the provisions in the House bill and will send it back to…
By Greenberg Traurig, P.A. Department of Financial Services’ Legislative Package – HB 1393 by Rep. Chuck Clemons (R- ) – The bill was approved after adopting the following insurance-related amendments: Extending the sunset from 2019 to 2025, the provision in law that allows surplus lines insurers to offer flood insurance.Clarifying that luxury ground transportation network…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package passed its second Senate committee on April 10, 2019 with two amendments. Neither of the amendments dealt with the insurance related provisions in the bill. The bill has one committee left. SB 1704 makes changes in several areas administered or regulated…
By: Katrina Callaway, FIC General Counsel The House Department of Financial Services (DFS) agency package passed another committee this week. HB 1393 passed its second House committee on April 1, 2019 with one amendment to remove a change related to unclaimed property that had a negative fiscal impact. The bill has one committee left.…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package passed its first Senate committee on March 25, 2019 with a strike all amendment (196676) that replaces the originally filed version of the bill with the amendment. SB 1704 makes changes in several areas administered or regulated by DFS. Most of…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency package passed its first House committee on March 19, 2019 as a committee substitute that replaced the originally filed version of the bill. HB 1393 makes changes in several areas administered or regulated by DFS, including unclaimed property. Most of the changes…
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…