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FL H0471

FL H0471
Insurance


summary

Introduced
01/03/2014
In Committee
Crossed Over
Passed
Dead
05/02/2014

Introduced Session

2014 Regular Session

Bill Summary

Defines "authorized inspection agency"; revises & provides provisions relating to the state boiler inspection program; revises original appointment & renewal fees related to certain insurance representatives; revises specified time period applicable to certified examination that must be filed by foreign or alien insurer applying for certificate of authority; prohibits an insurance agency from conducting insurance business at location without designated agent in charge; provides agency license requirements; revises qualifications for approval as mediator by DFS; provides grounds for department to deny an application, or suspend or revoke approval of mediator or certification of neutral evaluator; authorizes department to adopt rules; revises date by which title insurance agencies & certain insurers must annually submit specified information to OIR; requirements relating to contractual liability policies that insure warranty associations.

AI Summary

This bill makes numerous changes to Florida's insurance laws, including defining "authorized inspection agency" for boiler inspections and revising provisions related to the state's boiler inspection program, as well as updating fees for insurance representatives' appointments and renewals. It also requires insurance agencies to have a designated agent in charge at each business location and clarifies agency licensing requirements. The bill revises qualifications for mediators and grounds for denying or suspending their approval, and it adjusts the deadline for title insurance agencies and certain insurers to submit annual information to the Office of Insurance Regulation (OIR). Additionally, it introduces new requirements for contractual liability policies that insure warranty associations, modifies rules regarding the reporting of surplus lines insurance transactions, and updates various provisions related to rate-making, policy delivery, and claim dispute resolution processes for different types of insurance, including property, motor vehicle, and sinkhole coverage.

Sponsors (1)

Last Action

Withdrawn prior to introduction, companion bill(s) passed, see HB 291 (Ch. 2014-111), CS/CS/HB 321 (Ch. 2014-112), CS/CS/HB 633 (Ch. 2014-123), CS/HB 785 (Ch. 2014-131), CS/CS/CS/SB 542 (Ch. 2014-80), CS/CS/SB 708 (Ch. 2014-86), CS/CS/SB 1308 (Ch. 2014-101), CS/CS/SB 1344 (Ch. 2014-103), CS/CS/SB 1672 (Ch. 2014-104) (on 01/08/2014)

bill text


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bill summary

Document Type Source Location Created
State Bill Page http://www.flsenate.gov/Session/Bill/2014/471 01/06/2014
Bill http://www.flsenate.gov/Session/Bill/2014/0471/BillText/Filed/PDF 01/06/2014
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