summary
Introduced
02/05/2021
02/05/2021
In Committee
04/22/2021
04/22/2021
Crossed Over
Passed
Dead
04/30/2021
04/30/2021
Introduced Session
2021 Regular Session
Bill Summary
An act relating to insurance; amending s. 215.555, F.S.; redefining the term "covered policy" under the Florida Hurricane Catastrophe Fund in relation to certain collateral protection insurance policies; amending s. 624.423, F.S.; specifying when service of process is valid and binding upon insurers; creating s. 624.46227, F.S.; authorizing an association, trust, or pool created for the purpose of forming a risk management mechanism or providing self-insurance for a public entity to establish a quorum and conduct public business through communications media technology; amending s. 626.7351, F.S.; revising a qualification for licensure as a customer representative; amending s. 626.856, F.S.; revising the definition of the term "company employee adjuster"; amending s. 626.9202, F.S.; revising the definition of the term "loss run statement"; specifying the entities that must receive requests for loss run statements; specifying that insurers must provide loss run statements under certain circumstances; revising the required claims history in loss run statements; providing applicability; limiting loss run statement requests with respect to group health insurance policies to group policyholders; amending s. 627.062, F.S.; revising the factors for determining whether an insurance rate filing is excessive, inadequate, or unfairly discriminatory; amending s. 627.0629, F.S.; authorizing, rather than requiring, rate filings for certain residential property insurance to include certain rate factors; authorizing insurers to file certain insurance rating plans based on certain windstorm mitigation construction standards; authorizing insurers to require policyholders to provide evidence of compliance with mitigation standards under certain conditions; amending s. 627.072, F.S.; providing a ratemaking factor for workers' compensation and employer's liability insurance; amending s. 627.351, F.S.; revising conditions for determining the ineligibility of condominiums for wind-only coverage; amending s. 627.421, F.S.; authorizing insurers to electronically transmit policy documents and claims communications under certain circumstances; amending s. 627.444, F.S.; revising the definition of the term "loss run statement"; specifying the entities that must receive requests for loss run statements; specifying that insurers must provide loss run statements under certain circumstances; revising the required claims history in loss run statements; providing applicability; limiting loss run statement requests with respect to group health insurance policies to group policyholders; repealing s. 627.6647, F.S., relating to the release of information required for bid to group health insurance policyholders; amending s. 627.7011, F.S.; revising conditions for inclusion of costs for law and ordinance coverage in loss adjustments under certain homeowners' policies; amending s. 627.715, F.S.; providing an exemption from a diligent effort requirement for agents exporting contracts or endorsements providing flood coverage; amending s. 627.7152, F.S.; revising the definition of the term "assignment agreement"; specifying the addresses to which a notice of intent to initiate litigation must be served; amending s. 627.7276, F.S.; revising notice requirements for motor vehicle policies that do not provide coverage for bodily injury and property damage liability; amending ss. 634.171, 634.317, and 634.419, F.S.; authorizing licensed personal lines or general lines agents to solicit, negotiate, advertise, or sell motor vehicle service agreements, home warranty contracts, and service warranties, respectively, without a sales representative license; reenacting s. 627.7153(1) and (2)(d), F.S., relating to policies restricting assignment of post-loss benefits under a property insurance policy, to incorporate the amendment made by the act to s. 627.7152, F.S., in references thereto; providing effective dates.
AI Summary
This bill makes several changes to insurance laws in Florida:
It redefines the term "covered policy" under the Florida Hurricane Catastrophe Fund to include certain collateral protection insurance policies. It specifies when service of process is valid and binding upon insurers. It authorizes associations, trusts, or pools created for the purpose of forming a risk management mechanism or providing self-insurance for public entities to establish a quorum and conduct business through communications media technology.
The bill revises qualifications for licensure as a customer representative, the definition of "company employee adjuster", and the definition of "loss run statement" for various lines of insurance. It requires insurers to provide loss run statements to insureds within 15 days of a request and limits requests for group health insurance policies to group policyholders.
The bill revises the factors for determining whether an insurance rate filing is excessive, inadequate, or unfairly discriminatory, and authorizes, rather than requires, certain rate filings to include certain rate factors. It provides a ratemaking factor for workers' compensation and employer's liability insurance.
The bill revises conditions for determining the ineligibility of condominiums for wind-only coverage by Citizens Property Insurance Corporation. It authorizes insurers to electronically transmit policy documents and claims communications in certain circumstances.
The bill also makes various other changes to insurance laws, such as exempting certain licensed agents from having to obtain additional licenses to sell motor vehicle service agreements, home warranty contracts, and service warranties.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Other Sponsors (2)
Commerce Committee (House), Insurance and Banking Subcommittee (House)
Last Action
Died on Second Reading Calendar; companion bill(s) passed, see CS/CS/CS/HB 1209 (Ch. 2021-113) (on 04/30/2021)
Official Document
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