Bill > S1606

This bill revises several insurance-related provisions in Florida law. Key provisions include: - Allowing workers' compensation benefits to be transmitted to the employee's account with a licensed money transmitter, in addition to direct deposit or prepaid card. - Revising criteria for assessing a residential condominium unit owner's loss assessment coverage. - Specifying sales practice requirements, prohibited sales practices, and authorized sales practices relating to travel insurance, including creating a comprehensive legal framework for the sale of travel insurance in Florida. - Allowing the Department of Financial Services and the Office of Insurance Regulation to collect and publish certain aggregate information, including trade secret information, related to insurance matters. - Making various other changes to insurance administration, including revisions to electronic signature requirements, timeframes for rate and form filings, and motor vehicle insurance contract provisions. Overall, this bill aims to modernize and clarify various aspects of insurance regulation and administration in Florida.

Budget and Finance, Business and Industry, Transportation and Infrastructure

Banking and Insurance (Senate), Infrastructure and Security (Senate)

https://www.flsenate.gov/Session/Bill/2020/1606