Bill > S0836

This bill amends Florida Statutes to clarify the legal status of risk retention groups (RRGs), which are specialized insurance organizations that allow businesses or professional groups to band together to self-insure against specific types of liability risks. The bill specifically adds a provision specifying that any risk retention group registered to do business in Florida is considered an authorized insurance company within the state. By explicitly defining RRGs as authorized insurance companies, the bill removes potential ambiguity about their legal standing and provides clear regulatory recognition. This change could help RRGs operate more confidently in Florida by establishing their status as legitimate insurance providers. The bill will take effect on July 1, 2026, giving insurance regulators and RRGs time to prepare for and implement the new statutory language.

https://www.flsenate.gov/Session/Bill/2026/836