Legislative Updates – 2017

CS/HB 307 - Florida Life and Health Insurance Guaranty Association

Description:

Revises applicability of the Florida Life and Health Insurance Guaranty Association Act as to specified annuity contracts; revises the association's maximum aggregate liability for the contractual obligations of an insolvent insurer with respect to one life; specifies the association's maximum liability as to certain health insurance policies beginning on a specified date, etc.

Bill Status:

6/23/2017 – Approved by the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

Chapter Law:

2017-131

CS/HB 339 - Motor Vehicle Service Agreement Companies

Description:

Revises qualifications for motor vehicle service agreement company to obtain & maintain license; allows certain entities to cancel service agreements in certain circumstances; provides such cancellations are only valid if authorized.

Bill Status:

Signed by Officers and Presented to Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

CS/HB 359 - Regulation of Insurance Companies

Description:

Provides that a specified property information report, rather than a specified certification by an abstractor or a title company, may be submitted as part of certain information required in relation to the plat or replat of a subdivision; deletes a future repeal of an exemption of medical malpractice insurance premiums from certain emergency assessments by the State Board of Administration relating to the Florida Hurricane Catastrophe Fund; specifies the minimum surplus as to policyholders for insurers that only transact in specified forms of residential property insurance, etc.

Bill Status:

6/23/2017 – Approved by the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

Chapter Law:

2017-132

CS/CS/HB 805 - Insurance Policy Transfers

Description:

Authorizes insurer to transfer residential property insurance policy to another authorized insurer upon expiration of policy term if specified conditions are met

Bill Status:

6-23-2017 – Approved by Governor

Date Received by Gov:

05/04/2017

Action Date by Gov:

05/09/2017

Chapter Law:

2017-19

CS/CS/HB 813 - Flood Insurance

Description:

Revises the intervals at which specified standards and guidelines for projecting certain rate filings must be revised by the Florida Commission on Hurricane Loss Projection Methodology; extends the last date of filing with the Office of Insurance Regulation of certain flood coverage rates that may be established and used by an insurer; revises a notice requirement for agents before they place flood insurance coverage with an admitted or surplus lines insurer for properties receiving flood insurance under the National Flood Insurance Program, etc.

Bill Status:

6/23/2017 – Approved by the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

Chapter Law:

2017-142

CS/CS/HB 837 - Insurer Insolvency

Description:

Revises Insurers Rehabilitation & Liquidation Act; revises notice requirements, court jurisdiction, filing requirements, procedures, & defenses of delinquency proceedings; authorizes receiver & DFS, as domiciliary receiver, to perform certain functions; provides delinquency procedures for specified large deductible claims under certain workers' compensation policies; provides certain persons of insolvent insurers are discharged & have no further authority over affairs or assets of insurer; revises priority of claims.

Bill Status:

6/23/2017 – Approved by the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

Chapter Law:

2017-143

CS/CS/HB 911 - Insurance Adjusters

Description:

Revises requirements & qualifications for certain insurance adjusters & adjusting firms to obtain licenses or appointments; revises certain insurance adjusters' scope of practice; revises requirements for designating primary adjusters.

Bill Status:

Signed by the Officers and Presented to the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

CS/CS/HB 925 - Department of Financial Services

Description:

Replaces within the Division of Treasury, the Treasury Investment Committee with the Treasury Investment Council; requires, rather than authorizes, the department to adopt amendments and interpretations of a specified code into the State Boiler Code; provides an exception from an examination requirement for nonresident all-lines adjuster license applicants who hold certain certifications; authorizing certain insurer employees to adjust specified claim losses or damage, etc.

Bill Status:

6/23/2017 – Approved by the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

CS/CS/CS/HB 1007 - Prohibited Insurance Acts

Description:

Requires every insurer to designate at least one primary anti-fraud employee for certain purposes; requires insurers to adopt an anti-fraud plan; requires the Division of Investigative and Forensic Services of the department to create, by a specified date, a report detailing best practices for the detection, investigation, prevention, and reporting of insurance fraud and other fraudulent insurance acts, etc.

Bill Status:

Signed by the Officers and Presented to the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

CS/HB 1009 - Pub. Rec./Insurance Fraud Information/DFS

Description:

Provides exemption from public records requirements for reports, documents, or other information relating to investigation & tracking of insurance fraud submitted by insurers to DFS; provides finding of public necessity.

Bill Status:

Signed by the Officers and Presented to the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017

CS/CS/HB 1107 - Public Records/Workers' Compensation

Description:

Provides an exemption from public records requirements for the personal identifying information of an injured or deceased employee which is contained in reports, notices, records, or supporting documentation held by the Department of Financial Services pursuant to the Workers' Compensation Law; provides a criminal penalty for willful and knowing disclosure of such information to an unauthorized person or entity; providing for future review and repeal of the exemption; provides a statement of public necessity, etc.

Bill Status:

Signed by the Officers and Presented to the Governor

Date Received by Gov:

06/14/2017

Action Date by Gov:

06/29/2017