Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel The recent decision by the Florida Supreme Court in Wells Fargo v. Pruco Life Insurance, a STOLI case decided unfavorably to life insurers, may be overturned by a bill passed by both the House and Senate Insurance Committees on March 27, 2017. In this regard, the bill allows…
By: Katrina Callaway, FIC General Counsel All member sponsored bills have been filed for the 2017 Session. Following is a summary of bills filed as of March 12, 2017 that FIC is following related to life insurance. The summary was prepared by FIC General Counsel Katrina Callaway based on her review of the bills. …
By: Katrina Callaway, FIC General Counsel Life insurers would be assessed by the Florida Life and Health Insurance Guaranty Association (FLAHIGA) for long term care insolvencies, including the Penn Treaty insolvency, under a Senate bill filed on February 24, 2017. The bill, SB 1242 by Sen. Brandes, is a priority of the Office of Insurance…
By: Katrina Callaway, FIC General Counsel The House Insurance & Banking Subcommittee approved HB 307 on February 22, 2017 with two amendments that conform the House bill to the Senate companion. The House bill has one committee left. The Senate bill has not yet been heard in committee. As amended, the bill:• Increases the FLAHIGA…
By: Katrina Callaway, FIC General Counsel Bills for the 2017 Session are being filed daily. Following is a summary of bills related to life insurance filed as of February 17, 2017 that FIC is following. The summary was prepared by FIC General Counsel Katrina Callaway based on her review of the bills. Any changes…
By: Katrina Callaway, FIC General Counsel Bills for the 2017 Session are beginning to be filed. Following is a summary of bills related to auto insurance filed as of January 19, 2017 that FIC is following. The summary was prepared by FIC General Counsel Katrina Callaway based on her review of the bills. Any…
By: Katrina Callaway, FIC General Counsel Bills for the 2017 Session are beginning to be filed. Following is a summary of bills related to life insurance filed as of January 18, 2017 that FIC is following. The summary was prepared by FIC General Counsel Katrina Callaway based on her review of the bills. Any…