Bill

Bill > H1281


FL H1281

Department of Financial Services


summary

Introduced
02/27/2025
In Committee
03/05/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

An act relating to the Department of Financial Services; amending s. 17.11, F.S.; revising which subsystem the Chief Financial Officer reports from; amending s. 17.13, F.S.; authorizing the replacement of the Chief Financial Officer's warrants under certain circumstances; providing that any such replacement warrant has the same validity as the original; amending s. 110.113, F.S.; deleting the department's authority to make semimonthly salary payments; amending s. 112.215, F.S.; requiring the Chief Financial Officer to adopt specified rules relating to the deferred compensation plan; authorizing certain deferred compensation plans to provide deferral of an employee's compensation in specified manners; requiring that such plans continue to be included as regular compensation for a specified purpose; prohibiting deferred compensation on a pretax basis from being included in certain computations; requiring that compensation on an after-tax Roth contribution basis be included in certain computations; deleting a provision relating to approval of a deferred compensation plan; revising the conditions under which political subdivisions' or constitutional county officers' deferred compensation plans become effective; prohibiting deferred compensation on a pretax basis from being included in certain computations; requiring that compensation on an after-tax Roth contribution basis be included in certain computations; amending s. 215.422, F.S.; authorizing the Chief Financial Officer to adopt rules authorizing advance payments for prepaid multiyear software licenses; authorizing, rather than requiring, specified interest to be paid from specified appropriations; authorizing agencies to pay interest from available appropriations under certain circumstances; amending s. 215.89, F.S.; deleting obsolete provisions; amending s. 215.93, F.S.; revising the contents of the Florida Financial Management Information System; amending s. 215.94, F.S.; specifying that the department is the functional owner of the Financial Management Subsystem; revising the functions of such subsystem; conforming provisions to changes made by the act; amending s. 215.985, F.S.; conforming provisions to changes made by the act; revising the contents of expenditure data; amending ss. 216.102 and 216.141, F.S.; conforming provisions to changes made by the act; amending s. 280.16, F.S.; requiring the qualified public depository of first deposit to investigate, make a certain determination, and return funds under certain circumstances; requiring such funds to be immediately returned to the public depositor in provisional status until a specified time; specifying that failure to complete a certain process may result in suspension or disqualification of the qualified public depositor; amending s. 440.13, F.S.; increasing the timeframe for certain health care providers to petition to resolve utilization and reimbursement disputes; revising requirements for the petitioner; revising the duties of the three-member panel that determines schedules relating to reimbursement allowances; amending s. 440.38, F.S.; specifying that an employer may furnish proof that it has the financial strength to pay certain claims on behalf of its wholly or majority owned subsidiaries to secure the payment of compensation; authorizing the department to adopt rules that must be used for certain recommendations; specifying requirements for such rules; making technical changes; amending s. 440.49, F.S.; revising legislative intent and findings; revising the requirements of a required report of the Special Disability Trust Fund; requiring that the report be published on the Division of Workers' Compensation's website rather than submitted to the Governor and Legislature; prohibiting, beginning on a specified date, the division from accepting new notices and proofs of claims; specifying that certain proofs of claim are barred from reimbursement; specifying that an accepted claim is only eligible for final reimbursement under certain circumstances; requiring certain determinations in the independent actuarial report; specifying that any claim reimbursement after a certain date will be considered a final request for reimbursement; specifying that the final reimbursement will be a certain amount; requiring that final reimbursements be limited to a specified amount and may include funeral expenses under certain circumstances; requiring the department to pay approved final reimbursement requests in a specified manner; requiring that the final reimbursement extinguishes certain liability; amending s. 440.107, F.S.; authorizing the department to accept a credit card payment for a specified down payment; specifying the result if the credit card is charged back; authorizing the department to issue an order of conditional release from a certain stop-work order and enter into a payment agreement schedule under certain circumstances; creating s. 497.1411, F.S.; defining terms; specifying that certain applicants are barred from licensure under ch. 497, F.S.; specifying that certain applicants are subject to specified disqualification periods; authorizing certain applicants to apply for a license under certain circumstances; authorizing the Division of Funeral, Cemetery, and Consumer Services within the department to issue the license on a probationary basis for a specified time; requiring the Board of Funeral, Cemetery, and Consumer Services to adopt rules; specifying requirements, authorizations, and prohibitions for such rules; specifying when a disqualifying period begins; prohibiting the department from issuing a license to an applicant until it receives proof of certain payments; specifying that the applicant has certain burdens to demonstrate that he or she is qualified for licensure; specifying that certain applicants who have been granted restoration of civil rights are not barred or disqualified from licensure; specifying that such restoration does not require the department to award a license; authorizing the board to grant an exemption from disqualification under certain circumstances; specifying requirements for the applicant in order for the board to grant an exemption; specifying that the board has discretion whether to grant or deny an exemption; specifying that certain decisions are subject to ch. 120, F.S.; providing applicability and construction; amending s. 497.142, F.S.; prohibiting an application from being deemed complete under certain circumstances; revising the list of crimes to be disclosed on a license application; amending s. 497.369, F.S.; revising the circumstances under which a licensing authority must issue a license by endorsement to practice embalming; deleting a presumption regarding state, regional, or national examinations; making technical changes; amending s. 497.374, F.S.; revising the circumstances under which a licensing authority must issue a license by endorsement to practice funeral directing; deleting a presumption regarding state, regional, or national examinations; making technical changes; amending s. 497.376, F.S.; authorizing a person to obtain a specified combination license by meeting certain requirements; revising the circumstances under which an applicant must hold certain educational credentials; amending s. 497.380, F.S.; prohibiting certain square footage required for funeral establishments from including common areas; amending s. 497.386, F.S.; revising the circumstances under which the department may enter and secure certain establishments or facilities; amending s. 497.604, F.S.; prohibiting certain square footage required for the practice of direct disposition from including common areas; amending s. 554.103, F.S.; requiring the department to adopt a specified code; making a clarifying change; amending s. 554.108, F.S.; revising applicability relating to certain inspection requirements; amending s. 554.114, F.S.; prohibiting persons from taking certain actions relating to boilers; amending s. 554.115, F.S.; revising the circumstances under which the department may deny, refuse to renew, suspend, or revoke a certificate; creating s. 554.116, F.S.; requiring owners and users to install a carbon monoxide detector or alarm on certain boilers and fire pressured vessels; creating s. 554.117, F.S.; authorizing the Division of State Fire Marshall to conduct an examination of certain boilers; requiring the division to review certain complaints; amending s. 624.307, F.S.; specifying a limitation on a required response to consumer complaints; amending s. 624.317, F.S.; requiring certain persons to respond within a specified time to a request for documents and information concerning certain investigations; specifying the requirements of such response; authorizing the department or the Office of Insurance Regulation to impose a penalty; amending s. 626.171, F.S.; deleting reinsurance intermediaries from certain application requirements; revising the list of persons from whom the department is required to accept uniform applications; making clarifying changes regarding the voluntary submission of cellular telephone numbers; revising the exemption from the application filing fee for members of the United States Armed Forces; amending s. 626.2815, F.S.; specifying that certain licensees are not required to complete continuing education elective hours; deleting a provision requiring certain licensees to complete elective continuing education courses; amending s. 626.292, F.S.; revising applicant requirements for a license transfer; amending s. 626.611, F.S.; revising the grounds for denying an application for, suspending, revoking, or refusing to renew or continuing certain licenses; amending s. 626.621, F.S.; revising the grounds for denying an application for, suspending, revoking, or refusing to renew or continuing certain licenses; authorizing the department to require a licensee to submit to an examination or reexamination under certain circumstances; providing construction; specifying grounds for suspension or revocation of certain licenses; amending s. 626.731, F.S.; revising the qualifications for a general lines agent's license; amending s. 626.785, F.S.; revising the qualifications for a life agent's license; amending s. 626.831, F.S.; revising the qualifications for a health agent's license; amending s. 626.8417, F.S.; making a clarifying change; amending s. 626.843, F.S.; requiring the department to cancel appointments of a title agency under certain circumstances; prohibiting the title insurance agency from being eligible for appointment until a specified payment is made; amending s. 626.8473, F.S.; requiring a title agency to disclose certain fees to the consumer before closing; prohibiting such agency from charging fees that were not disclosed as provided in a certain provision; amending s. 626.878, F.S.; requiring adjusters to adhere to certain requirements; prohibiting waivers of the requirements; authorizing the department to adopt rules; amending s. 626.927, F.S.; revising requirements for the licensing of a surplus lines agent for a specified purpose; amending s. 626.938, F.S.; requiring certain insureds and self- insurers to maintain certain records; specifying the contents of such records; requiring that such records be available for examination by certain entities without prior notice; requiring certain insurers or captive insurance companies to file with the Florida Surplus Lines Service Office a specified report; amending s. 626.9541, F.S.; conforming a cross- reference; amending s. 627.70151, F.S.; authorizing a challenge of an appraiser's impartially and disqualification of a proposed appraiser under certain conditions; amending s. 627.776, F.S.; revising applicability relating to title insurers; amending s. 631.271, F.S.; requiring that certain claims be excluded from Class 2 priority and specifying how such claims must be paid; revising the list of claims that are Class 6 claims; creating s. 633.139, F.S.; defining terms; creating the Florida Firefighter Recruitment Bonus Payment Program for a specified purpose; specifying that bonus payments are contingent upon appropriation and must be prorated subject to the amount of the appropriation; requiring that bonus payments be adjusted to include a specified percentage for a specified tax; requiring the department to develop a specified plan; requiring employing agencies to assist the department with the collection of certain data and provide information to the department; specifying requirements for the department's plan; requiring the department to consult quarterly with the Division of State Fire Marshal; requiring the department to submit the plan to the Executive Office of the Governor and the chairs of certain legislative appropriations committees by a specified date annually; authorizing the department to submit budget amendments; requiring that the funding allocation for the bonus payment be used for a specified sole purpose; requiring the department to adopt rules; providing for expiration; amending s. 633.216, F.S.; revising the requirements for firesafety inspector training; specifying that inservice training does not allow a certain person whose certification has lapsed to continue serving as a firesafety inspector; revising requirements for rules regarding an advanced training and certification program for firesafety inspectors; amending s. 634.3077, F.S.; making clarifying changes; authorizing contractual liability insurance policies to pay certain claims under certain circumstances; amending s. 634.406, F.S.; making clarifying changes; authorizing a contractual liability insurance policy to pay certain claims under certain circumstances; amending s. 648.33, F.S.; authorizing bail bond agents to collect certain amounts or fees in addition to the premium required by the insurer; amending s. 791.013, F.S.; deleting the requirement for the Division of Investigative and Forensic Services to dispose of certain samples; amending s. 1001.281, F.S.; deleting the FLAIR number for the Operating Trust Fund; amending s. 1001.282, F.S.; deleting the FLAIR number for the Administrative Trust Fund; providing an effective date.

AI Summary

This bill makes numerous changes to various sections of Florida law, primarily focusing on financial services, insurance, and regulatory practices. The bill introduces several key provisions across different domains: For the Department of Financial Services, the bill updates financial management systems, modifies reporting requirements, and establishes a new Firefighter Recruitment Bonus Payment Program that will provide up to $5,000 bonuses to newly employed firefighters, contingent on legislative appropriations. In the insurance sector, the bill revises licensing requirements for various insurance professionals, including agents, adjusters, and title insurance agents, with new rules around criminal background checks, qualifications, and professional conduct. The bill also modifies regulations for boiler inspections, adding requirements like carbon monoxide detectors and expanding inspection powers. The legislation introduces stricter standards for professional licensing, particularly in funeral services and insurance, by establishing more comprehensive background check procedures and creating clearer guidelines for disqualification based on criminal history. For instance, the bill creates new provisions that permanently bar individuals from licensure for certain first-degree felonies and establishes graduated disqualification periods for other criminal offenses. Additionally, the bill makes technical changes to various state financial management systems, updating terminology from "Florida Accounting Information Resource Subsystem" to "Financial Management Subsystem" and modifying reporting and accounting procedures. It also includes provisions related to public depositories, workers' compensation, and insurance contract practices. The bill reflects a comprehensive approach to updating regulatory frameworks across multiple domains, with an emphasis on enhancing professional standards, improving financial management practices, and creating new support mechanisms for critical public service workers like firefighters.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Indefinitely postponed and withdrawn from consideration (on 05/03/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...