Bill > H0271

This bill amends Florida Statutes Section 624.4094 to expand reporting requirements for foreign and alien bail bond insurers (insurance companies based outside of the United States) to match those currently applied to domestic insurers. Specifically, these insurers must now report bail bond premiums net of amounts retained by licensed bail bond agents, ensure that direct written premiums are at least 6.5 percent of total consideration received, maintain complete records of total consideration paid for bail bonds, and disclose detailed financial information in their annual statements filed with the Office of Insurance Regulation. The required disclosures include gross bail bond premiums written in each state, premium taxes incurred, total consideration withheld by agents, and the amount of bail bond premium included on the surety line of their annual statement. The bill aims to increase transparency and standardize reporting practices for out-of-state bail bond insurers operating in Florida, with the changes set to take effect on July 1, 2026.

Business and Industry

https://www.flsenate.gov/Session/Bill/2026/271