Bill > H1263

Introduced Session

An act relating to the Office of Insurance Regulation; amending s. 20.121, F.S.; providing that the Office of Insurance Regulation is responsible for all activities concerning entities under its jurisdiction; amending s. 501.171, F.S.; requiring covered entities under the office's jurisdiction to copy the office on certain notices and provide certain information, upon request, to the office; amending s. 624.310, F.S.; authorizing the Department of Financial Services and the office to issue and deliver cease and desist orders for certain activities; authorizing the department and the office to seek an injunction for enforcement of such order; amending s. 624.316, F.S.; removing a provision authorizing the Financial Services Commission to adopt the Market Conduct Examiners Handbook; amending s. 624.3161, F.S.; requiring the office to examine administrators under certain circumstances; authorizing the commission to adopt by rule the Market Conduct Examiners Handbook; creating s. 624.341, F.S.; providing legislative findings and intent; requiring the Department of Law Enforcement to accept and process fingerprints taken of certain persons; specifying procedures for fingerprinting; authorizing the Department of Law Enforcement to exchange certain records with the office; specifying that fingerprints must be submitted in accordance with certain rules; requiring the Department of Law Enforcement and the Federal Bureau of Investigation to conduct certain background checks; requiring that certain fingerprints be submitted and entered into a specified system; requiring the office to inform the Department of Law Enforcement of any person whose fingerprints no longer need to be retained; specifying who bears the costs of fingerprint processing; requiring the office to review criminal history background checks and make certain determinations; specifying that certain criminal records be used by the office for certain purposes; amending s. 627.062, F.S.; revising the factors that the office must consider in determining if insurance rates are excessive, inadequate, or discriminatory; amending s. 627.0628, F.S.; requiring private passenger automobile insurance to be adequately projected; amending s. 627.0629, F.S.; requiring the office to determine minimum rate differentials for windstorm damage mitigation techniques that meet or exceed the minimum requirements of the Florida Building Code; authorizing insurers to seek additional rate differentials; amending s. 627.0645, F.S.; revising requirements of rate filing with the office for certain insurers; amending s. 627.711, F.S.; requiring that certain discount notification forms for personal lines residential property insurance policies be sent to insureds at the time of policy issuance and renewal; requiring the office to contract with a state university to design, operate, upgrade, and maintain a specified database; requiring property insurers to file certain policyholder forms within a specified timeframe in the database beginning on a specified date; requiring the commission to adopt rules; amending s. 627.7152, F.S.; removing a provision requiring insurers to report on residential and commercial property insurance claims paid in a certain year; amending s. 627.915, F.S.; requiring private passenger automobile insurers to file specified monthly reports beginning on a specified date; requiring the commission to adopt rules; removing the requirement for certain insurers to submit such report; removing an exemption for certain insurers; creating s. 628.8011, F.S.; providing definitions; requiring certain persons to file a group capital calculation report annually by a specified date; providing requirements for such report; exempting certain insurance holding company systems from filing such report; requiring certain non-United States-based insurance holding company systems to file a group capital calculation report; authorizing the office to exempt certain persons from filing such report under certain circumstances; authorizing the filing of a limited group capital filing instead of the group capital calculation report under certain circumstances; authorizing the office to require certain insurance holding company systems to file such report despite qualifying for an exemption under certain circumstances; requiring the office to establish certain criteria and publish certain information on its website; authorizing the commission to adopt certain rules; creating s. 628.8012, F.S.; providing definitions; requiring certain persons to annually file results of a liquidity stress test in compliance with specified instructions; providing an exemption; authorizing the office to adopt rules; creating s. 628.8013, F.S.; providing that a certain report and test are for specified purposes; prohibiting certain representations or statements by certain persons; authorizing an insurer to rebut certain information in a written publication under certain circumstances; creating s. 629.53, F.S.; requiring attorneys in fact of reciprocal insurers to obtain a registration; providing requirements for the application of such registration; prohibiting fees for registration and registration application; requiring the office to investigate applicants; authorizing the office to issue registrations to applicants under certain circumstances; creating s. 629.54, F.S.; providing for automatic renewal of the registration of an attorney in fact; creating s. 629.55, F.S.; authorizing the office to deny, suspend, revoke, or refuse to renew the registration of an attorney in fact under certain circumstances; creating s. 629.56, F.S.; providing for when an order of suspension or revocation of a registration is effected; authorizing the office to publish certain notice in newspapers of general circulation; creating s. 629.57, F.S.; providing a limitation on the period of suspension of an attorney in fact registration; providing that a registration is automatically reinstated after the suspension ends; creating s. 629.58, F.S.; authorizing the office to issue administrative fines in lieu of suspension or revocation; prohibiting a fine from being borne by an insurer; amending ss. 634.141, 634.314, and 634.416, F.S.; conforming cross- references; providing an effective date.

AI Summary

Committee Categories

Linda Chaney (R)*, 

Other Sponsors (1)

1st Reading (Committee Substitute 1) (on 02/13/2026)

Official Document