Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel New writings for industrial life insurance will cease as of June 30, 2020 under omnibus bills relating to consumer protection filed January 7, 2020. HB 1137 and SB 1492 are identical agency bills for the CFO, Jimmy Patronis which means they are very likely to pass during the 2020…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to move forward with rule changes relating to rates for credit life and disability insurance policies. According to the information provided to the Cabinet on the changes, Rule…
By: Katrina Callaway, FIC General Counsel The bill to ban use of genetic testing by life and long-term care insurers died the last day of Session. This is the second year in a row the bill has died. However, we expect to see it filed again next year as the issue is a priority of…
By: Katrina Callaway, FIC General Counsel In an interesting twist, the Senate Rules Committee took up the House genetic testing bill, HB 879, instead of their own version of the bill which was more beneficial to the life insurance community. The Senate Committee was able to take up the House bill because the House sent…
By: Katrina Callaway, FIC General Counsel On April 17, 2019, the House heard their vulnerable investor protection bill (HB 143) on the floor, waived the rules to roll it to third reading, and voted on it. It passed by a vote of 117-0. SB 1466, the Senate companion, is in its last committee. Thus, the…
By: Katrina Callaway, FIC General Counsel On April 11, 2019, the House passed the life insurance genetic testing prohibition bill (HB 879) with a vote of 88-26. The bill will now be sent to the Senate for consideration and approval. The bill essentially bans all use of genetic testing by life insurers, long-term care (LTC)…
By: Katrina Callaway, FIC General Counsel On April 10, 2019, the House heard its life insurance genetic testing prohibition bill (HB 879) on the floor for the first time, took questions on the bill, and set it up for a vote on April 11, 2019. The House bill essentially bans all use of genetic…
By: Katrina Callaway, FIC General Counsel After postponing the vote on the Senate genetic testing bill (SB 258) last week in order to negotiate a compromise with the life industry, Sen. Bean (R), proposed a strike all amendment (#693742) to the bill during the Senate Health Policy Committee hearing on April 8, 2019. The…