Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel The Department of Financial Services (DFS) supported insurer insolvency bill passed its last House committee on April 6, 2017. The bill is a key priority of Florida’s CFO Jeff Atwater and enhances the DFS Division of Rehabilitation & Liquidation’s ability to deal with insolvencies. The bill is highly technical…
By: Greenberg Traurig, FIC Lobbyist Following is a report prepared by staff at Greenberg Traurig about the committee hearing on the Senate insurance omnibus bill, SB 454 that passed Senate Appropriations, on April 5, 2017. The House companion, HB 359, will be heard in its last committee on April 6, 2017. Senate Appropriations CommitteeWednesday, April…
By: Katrina Callaway, FIC General Counsel HB 601 sets out minimum operating requirements for personal delivery devices (PDDs) which are low mass, low speed, electronic devices that travel on sidewalks for delivery of goods and property. The bill passed the full House on April 5, 2017 with a vote of 115-0. The insurance part of…
By: Katrina Callaway, FIC General Counsel The Senate Banking and Insurance Committee passed the substantive DFS fraud bill, SB 1012, and a public records bill relating to the DFS fraud bill, SB 1014, on April 3, 2017. Both bills have two committees left. The committee adopted a delete everything amendment to both bills before…
By: Katrina Callaway, FIC General Counsel SB 1032 allows insurers to give insureds, prospective insureds, or others more advertising or promotional items with a higher value than allowed under current law. Under current law, insurers or agents can offer and make gifts of merchandise up to $25 per gift for advertising purposes without violating…
By: Katrina Callaway, FIC General Counsel A bill designed to provide clarification as to when the statute of limitation and statute of repose start for construction defect claims by defining when the construction contract is considered complete passed the House on March 30, 2017 by a vote of 114-0. The Senate companion, which is identical,…
By: Sam Miller, FIC Consultant SB 986 The Department Of Financial Services — by StargelAmendment by Stargel 676762 – Amendment by Stargel 218904 HB 925 Department of Financial Services — by Miller (M) The Department of Financial Services “clean-up” package, which moved through the House Insurance & Banking Subcommittee March 20, was approved March 29…
By: Sam Miller, FIC Consultant SB 730 Insurer Insolvency — by PassidomoHB 837 Insurer Insolvency — by Raburn For the second day in a row, the Department of Financial Services’ insolvency package passed a legislative committee, probably heading for final approval during this Florida legislative session. This is a top priority for Chief Financial Officer…
By: Sam Miller, FIC Consultant HB 1271 Construction Defect Claims — by TrumbullAmendment by Trumbull PDF Florida’s “Right to Repair” law would be tweaked and enhanced under a bill (CS/HB 1271) approved March 28 by the House Civil Justice & Claims Subcommittee. The legislation on construction defect claims and pre-suit intervention is supported by insurers…
By: Sam Miller, FIC Consultant HB 837 Insurer Insolvency — by Raburn The Department of Financial Services’ insolvency package, including portions of the NAIC receivership model act, moved through the House Governmental Operations & Technology Subcommittee March 28 and will be before the Senate Appropriations Subcommittee on General Government March 29. While both bills have…