Bill > S1344

This bill modifies various Florida statutes related to insurance, primarily focusing on the regulation of insurance administrators and certain insurance transactions. Key provisions include allowing an insurer's designee to provide coverage information to an insurance administrator, requiring administrators to have specific written agreements with insurers, and mandating that administrators furnish fiduciary account records to insurers or their designees upon request. The bill also revises rules concerning unfair insurance practices, particularly those involving credit card facilities, and updates requirements for annual financial statements and audited financial reports for administrators. Additionally, it makes changes to the composition of certain insurance-related boards and associations, including the Joint Underwriting Association for medical malpractice and the Florida Birth-Related Neurological Injury Compensation Association, and clarifies procedures for returning unearned premiums on motor vehicle insurance policies.