FIC: Vulnerable Investor Protection Bill Moves in House

By:  Katrina Callaway, FIC General Counsel The House Insurance and Banking Subcommittee adopted a committee substitute for the vulnerable investor bill during its meeting on March 13, 2019.  The committee substitute replaces the originally filed version of the bill. Some in the life insurance community are following this bill closely due to the employee training…

FIC: Life Insurance Genetic Testing Prohibition Approved

By:  Katrina Callaway, FIC General Counsel SB 258 prohibits life insurers, long-term care insurers, and disability insurers from cancelling, limiting, or denying coverage or establishing different premiums based on the genetic information.  The bill also prohibits these insurers from using genetic information or requiring genetic testing for any insurance purpose unless there is a diagnosis…

FIC: FLAHIGA Bill Passes First Committee

By:  Katrina Callaway, FIC General Counsel The bill to equalize the payment for long term care insolvencies by the Florida Life & Health Guaranty Association (FLAHIGA) passed its first Senate committee on March 4, 2019.  By a vote 8-0, the Senate Banking and Insurance Committee passed SB 626 with a strike all amendment (687388) and…