summary
Introduced
02/24/2023
02/24/2023
In Committee
03/02/2023
03/02/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Revising powers and duties of the department's Division of Investigative and Forensic Services; authorizing, rather than requiring, a judge of compensation claims to order an injured employee's evaluation by an expert medical advisor under certain circumstances; revising eligibility requirements for the board of directors of the Florida Self-Insurers Guaranty Association, Incorporated; deleting the authority of designated examination centers to take fingerprints of applicants for a license as an agent, customer representative, adjuster, service representative, or reinsurance intermediary; authorizing certain persons to obtain a limited license to sell only policies of life insurance covering the expense of a prearrangement for funeral services or merchandise; adding grounds for discretionary disciplinary actions taken by the department against a title insurance agent or agency; authorizing the department in receivership proceedings to take certain actions as a domiciliary receiver, etc.
AI Summary
This bill makes a number of changes to the regulation and oversight of the Department of Financial Services and various insurance entities in Florida. Key provisions include:
- Expanding the investigative and enforcement powers of the Division of Investigative and Forensic Services within the Department of Financial Services.
- Authorizing, rather than requiring, a judge to order an injured employee's evaluation by an expert medical advisor in certain workers' compensation cases.
- Revising eligibility requirements for the board of directors of the Florida Self-Insurers Guaranty Association.
- Deleting the authority of certain examination centers to take fingerprints of insurance license applicants.
- Authorizing certain persons to obtain a limited license to sell only policies of life insurance covering prearranged funeral services or merchandise.
- Adding grounds for disciplinary actions against title insurance agents or agencies.
- Authorizing the department in receivership proceedings to transfer insurance policies and records to a solvent assuming insurer.
- Strengthening conflict of interest, disclosure, and ethics requirements for the boards of various insurance-related entities.
- Expanding grounds for disciplinary action against various insurance licensees, including suspending licenses upon certain felony charges.
- Establishing a direct-support organization for the State Fire Marshal to support firefighter safety, training, and recognition.
- Making various other changes to the regulation of insurance agents, agencies, and entities in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (3)
Appropriations Committee on Agriculture, Environment, and General Government (Senate), Banking and Insurance (Senate), Fiscal Policy (Senate)
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 487 (Ch. 2023-144) (on 04/28/2023)
Taxonomy
Banking, Finance, and Domestic Commerce
- ‐ Insurance Regulation
Government Operations
- ‐ General Government Operations
- ‐ Government Ethics and Conflicts of Interest
Official Document
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