summary
Introduced
11/07/2017
11/07/2017
In Committee
11/17/2017
11/17/2017
Crossed Over
Passed
Dead
03/11/2018
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...