Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel In the Senate Infrastructure and Security Committee on February 17, 2020, SB 1606, the only Senate insurance omnibus bill that is moving, picked up provisions from the second stalled omnibus bill via a strike all amendment (798258). The provisions added to the bill are non-controversial and deal with administrative…
By: Katrina Callaway, FIC General Counsel The House moved CFO Patronis’ consumer protection bill (HB 1137) out of its last committee on February 13, 2020. The bill will now be heard on the House floor when set by the Rules Committee. The Senate companion bill, SB 1492, has one committee left. There are differences in…
By: Katrina Callaway, FIC General Counsel HB 799 and HB 801 revamp Florida’s trade secret protection laws. The bills cleared their last committee on February 13, 2020 and will now be heard on the House floor when set by the Rules Committee. Legislation revamping Florida’s trade secret laws were proposed the past few Sessions. …
By: Katrina Callaway, FIC General Counsel HB 1409 creates a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which current law already protects from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes Own-Risk and Solvency…
By: Katrina Callaway, FIC General Counsel Sen. Brandes (R) had to temporarily postpone the vote on his omnibus insurance bill on February 11, 2020 when he did not have the votes to pass the bill. Sen. Lee (R) is the swing vote in the Senate Banking and Insurance Committee and in a heated debate on…
By: Katrina Callaway, FIC General Counsel This week, committees in the House and Senate advanced CFO Patronis’ DFS Consumer Protection bills, HB 1137 and SB 1492. Both bills have one committee left. In the Senate, a strike all amendment (957714) was approved to bring the Senate bill closer to the House bill. The amendment…
By: Katrina Callaway, FIC General Counsel The Senate loss run statement bill, SB 292, cleared its last committee on February 5, 2020. The House bill (HB 269) cleared its committees a couple of weeks ago. The bill requires virtually all insurers, including surplus lines, to provide a free annual loss run statement covering five years…
By: Katrina Callaway, FIC General Counsel SB 1188 and HB 1409 create a public records exemption for certain sensitive business information held by the Department of Financial Services (DFS) which current law already protects from public records disclosure requirements if held by the Office of Insurance Regulation (OIR). Disclosure of the exempted information, which includes…
By: Katrina Callaway, FIC General Counsel Without questions or debate, an insurance omnibus bill was significantly amended in the Senate Banking and Insurance Committee on February 4, 2020. The original version of SB 1606 contained provisions relating to: Creation of Auto Insurance Online Verification System and related Task Force Repeal of surplus lines agent affidavit…