News & Updates

Florida Legislature

Consumer Protection Laws Added to Florida Insurance Code

Consumer Protection Laws Added to Florida Insurance Code

| Written By: Bert Combs | Insurance

HB 939 entitled “Consumer Protections” was passed by the Legislature and amends various statutes in the Florida Insurance Code among other changes.  The Governor approved the law on May 2, 2024, and the changes take effect July 1, 2024.  The insurance-related changes in the bill (1) add continuing education (CE) requirements for accountants used by […]

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Legislature Increases Frequency and Detail of QUASR Reporting

Legislature Increases Frequency and Detail of QUASR Reporting

| Written By: Travis Miller | Insurance

Will the reporting system we’ve known for decades as “QUASR” get a new name? After all, the name is shorthand for the quarterly supplemental reporting requirement by which insurers have provided information, on a quarterly basis and at the county level, about the number of policies they have written, canceled and nonrenewal. However, in the […]

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Legislature Passes Short-Term Premium Tax Relief

Legislature Passes Short-Term Premium Tax Relief

| Written By: Travis Miller | Insurance

As the 2024 legislative session neared its close, the Florida legislature passed temporary premium tax relief on policies covering residential homestead property as part of House Bill 7073 (HB 7073). The bill will result in savings to consumers as the Florida property insurance market continues to adjust to reforms passed in late 2022 and early […]

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