Bill > H0487

This bill makes several changes to the regulation of the insurance and financial services industries in Florida. Key provisions include: - Expanding the authority and duties of the Division of Investigative and Forensic Services within the Department of Financial Services, including allowing the division to initiate investigations into matters under the jurisdiction of the Chief Financial Officer and Fire Marshal. - Revising eligibility requirements and administrative procedures for the state's deferred compensation plan, including expanding the Deferred Compensation Advisory Council. - Requiring the Chief Financial Officer to provide a triennial (rather than annual) report on the economic impact of a 1-in-100-year hurricane in Florida. - Authorizing a judge of compensation claims to order an injured employee's evaluation by an expert medical advisor in certain workers' compensation cases. - Revising requirements for nonprofit religious organizations to be exempt from insurance code requirements. - Adding a limited license for transacting preneed funeral agreement insurance. - Revising licensure requirements for reinsurance intermediary brokers and managers. - Authorizing certain persons to obtain a limited license to sell only policies of life insurance covering the expense of prearranged funeral services or merchandise. - Revising requirements, conditions, and procedures for bail bond agency licenses.