Bill
Bill > H0537
summary
Introduced
01/23/2019
01/23/2019
In Committee
01/30/2019
01/30/2019
Crossed Over
Passed
Dead
05/03/2019
05/03/2019
Introduced Session
2019 Regular Session
Bill Summary
Requires Florida Workers' Compensation Joint Underwriting Association, Inc., to retain former insureds' unclaimed dividends & premium refunds for certain use; provides requirements for locating former insureds & attempting notification of unclaimed funds; preserves rights to recovery notwithstanding general statute of limitations.
AI Summary
This bill requires the Florida Workers' Compensation Joint Underwriting Association, Inc. (the plan) to retain former insureds' unclaimed dividends and premium refunds. The plan must conduct a diligent search to locate the former insureds, notify the insurance agencies, and make active notification attempts for unclaimed dividends or refunds valued at $250 or more. The plan must also publish and maintain a list of former insureds with unclaimed funds on its website. Notwithstanding the general statute of limitations, former insureds can claim these unclaimed funds from the plan with satisfactory proof. The bill takes effect on July 1, 2019.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Other Sponsors (1)
Insurance and Banking Subcommittee (House)
Last Action
Died in Government Operations and Technology Appropriations Subcommittee (on 05/03/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2019/537 |
| Bill | https://www.flsenate.gov/Session/Bill/2019/537/BillText/c1/PDF |
| Bill | https://www.flsenate.gov/Session/Bill/2019/537/BillText/Filed/PDF |
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