summary
Introduced
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
05/30/2013
05/30/2013
Introduced Session
2013 Regular Session
Bill Summary
Postponing the date that repeals the Florida Hurricane Catastrophe Fund emergency assessment exemption for medical malpractice insurance premiums; exempting medical malpractice insurance that covers certain providers and practitioners from specified rate filing requirements; providing for an informational filing of certain forms that are exempt from the Office of Insurance Regulation's approval process, etc.
AI Summary
This bill makes several changes to Florida's insurance laws, primarily concerning the Florida Hurricane Catastrophe Fund (FHCF) and rate filing requirements. It postpones the repeal of an exemption for medical malpractice insurance premiums from emergency assessments levied by the FHCF, meaning these premiums will continue to be subject to these assessments until May 31, 2016. The bill also exempts certain medical malpractice insurance for specific providers and practitioners from some rate filing requirements, streamlining the process for those insurers. Additionally, it introduces a new provision allowing certain property and casualty insurance forms, excluding workers' compensation and personal lines, to be filed for informational purposes rather than requiring prior approval from the Office of Insurance Regulation (OIR), provided they are submitted electronically with a certification of compliance 30 days in advance. This change aims to improve the operational efficiency of the OIR by allowing it to review these forms after they are in use, rather than before, unless a non-compliant form is discovered.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (1)
Other Sponsors (2)
Banking and Insurance (Senate), Health Policy (Senate)
Last Action
Chapter No. 2013-66 (on 05/30/2013)
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