Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel Governor Rick Scott signed HB 1073, the DFS agency bill, on March 23, 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 described below.…
By: Katrina Callaway, FIC General Counsel HB 1073, the Department of Financial Services (DFS) agency bill with changes to MGA licensure, exchange of business, life agent, and other insurance laws, is heading to the Governor for signature. The House passed the bill on March 1, 2018 by a vote of 113-0. The Senate passed…
By: Katrina Callaway, FIC General Counsel HB 1073, the Department of Financial Services (DFS) agency bill with changes to MGA licensure, exchange of business, life agent, and other insurance laws, is ready for final passage. The House passed the bill on March 1, 2018 by a vote of 113-0 and sent it to the Senate.…
By: Katrina Callaway, FIC General Counsel HB 1073, the Department of Financial Services (DFS) agency bill with changes to MGA licensure, exchange of business, life agent, and other insurance laws, passed the House on March 1, 2018 by a vote of 113-0. The bill now goes to the Senate for consideration and approval. The Senate…
By: Katrina Callaway, FIC General Counsel HB 1073, the Department of Financial Services (DFS) agency bill with changes to MGA licensure, exchange of business, life agent, and other insurance laws, will be voted on by the House on March 1, 2018. We expect it will pass as the bill has not been controversial. The bill…
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) agency bill passed its last committee in the House and Senate last week. Thus, passage of the bill is likely. On February 13, 2018, HB 1073 passed its last House committee, the House Commerce Committee. One amendment was adopted to the House bill…
By: Katrina Callaway, FIC General Counsel On February 6, 2018, committees in the House and Senate both approved agency bills for the Department of Financial Services (DFS). HB 1073 and SB 1292 are now in their last committees, so have a good chance of passing. The House Governmental Operations and Technology Appropriations Subcommittee adopted two…
By: Katrina Callaway, FIC General Counsel On January 23, 2018, committees in the House and Senate both approved agency bills, HB 1073 and SB 1292, for the Department of Financial Services (DFS). The House Insurance and Banking Subcommittee adopted a strike all amendment (#189391) when they heard the bill on January 23, 2018. The…
By: Sam Miller, FIC Consultant The Senate, on May 5, the final day of the 2017 regular session, completed legislative approval of revisions to the current law on insurance adjusters, including public adjuster and public adjuster apprentice licensing and regulation. The bill (HB 911) will go to Governor Scott when it is processed by the…
By: Sam Miller, FIC ConsultantHB 925 (e1) The House voted 118-0 on May 4 to complete legislative approval of the Department of Financial Services’ annual clean-up package, so this will go to Governor Scott soon. The Senate had approved the bill on May 3. This is the DFS “agency bill.” An agency bill is a…