summary
Introduced
01/07/2026
01/07/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to risk retention groups; amending s. 627.944, F.S.; specifying that risk retention groups registered to do business in this state are insurance companies authorized to do business in this state; providing an effective date.
AI Summary
This bill amends Florida law to clarify that risk retention groups, which are specialized insurance companies formed by businesses with similar risks to insure themselves, are considered authorized insurance companies in Florida if they are registered to do business in the state. This provision aims to ensure that these groups are recognized and regulated as legitimate insurers within Florida.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Now in Insurance & Banking Subcommittee (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/1163 |
| BillText | https://www.flsenate.gov/Session/Bill/2026/1163/BillText/Filed/PDF |
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