Bill

Bill > S0784


FL S0784

Insurance


summary

Introduced
11/07/2017
In Committee
11/17/2017
Crossed Over
Passed
Dead
03/11/2018

Introduced Session

Potential new amendment
2018 Regular Session

Bill Summary

Providing that certain securities valuation limitations do not apply to certain stock of certain foreign insurers' subsidiary corporations or related entities; revising professional designations that exempt all-lines adjuster license applicants from an examination requirement; reducing the tax on surplus lines insurance; revising federal standards applicable to Department of Financial Services and Financial Services Commission rules governing the use of consumer nonpublic personal financial and health information, etc.

AI Summary

This bill makes several changes to Florida's insurance laws: It provides that certain securities valuation limitations do not apply to stock of a foreign insurer's subsidiary corporations or related entities if the insurer's state of domicile is a member of the National Association of Insurance Commissioners. It revises professional designations that exempt all-lines adjuster license applicants from an examination requirement. It reduces the tax on surplus lines insurance from 5% to 4.936% of gross premiums. It revises federal standards applicable to rules governing the use of consumer nonpublic personal financial and health information. The bill also makes various other changes related to insurance policies, renewals, arbitration, and reporting requirements.

Committee Categories

Budget and Finance, Business and Industry, Justice

Sponsors (1)

Other Sponsors (2)

Banking and Insurance (S), Judiciary (S)

Last Action

Laid on Table, refer to CS/CS/HB 465 (on 03/08/2018)

bill text


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