Bill > S0538

This bill makes several changes to the regulations governing the nonadmitted (surplus lines) insurance market in Florida. It deletes the $35 cap on the per-policy fee that surplus lines agents can charge for exporting certified policies, and requires the fee to be itemized separately for the customer before purchase and enumerated in the policy. The bill also removes the requirement for surplus lines agents to quarterly file an affidavit with the Florida Surplus Lines Service Office, and instead requires foreign and alien insurers to directly report their surplus lines transactions to the Service Office. Finally, the bill extends the exemption from the diligent search requirement for exporting flood insurance policies to surplus lines insurers until July 1, 2025.

Budget and Finance, Business and Industry

Banking and Insurance (Senate)

https://www.flsenate.gov/Session/Bill/2019/538