summary
Introduced
12/21/2017
12/21/2017
In Committee
03/01/2018
03/01/2018
Crossed Over
03/01/2018
03/01/2018
Passed
03/08/2018
03/08/2018
Dead
Signed/Enacted/Adopted
03/27/2018
03/27/2018
Introduced Session
2018 Regular Session
Bill Summary
Revises requirements for electronic originals & copying of certain records media; revises certain bureau names & creates new bureaus; revises service options for child transition plans; creates Florida Open Financial Statement System & authorizes CFO to choose contractors to build system; revises requirements for licensure or appointment of managing general agents under the Florida Insurance Code; revises license application process for managing general agents; revises terms of office for Florida Fire Safety Board; deletes provision for staffing and funding formula of Florida State Fire College.
AI Summary
This bill revises various requirements and provisions related to the Department of Financial Services. Key provisions include:
- Allowing electronic images, copies, and reproductions of certain financial records to be treated as original records for evidentiary purposes.
- Expanding the Division of Investigative and Forensic Services within the Department to include new bureaus for insurance fraud and workers' compensation fraud.
- Requiring the Department of Financial Services to create the Florida Open Financial Statement System, an interactive repository for governmental financial statements filed in an eXtensible Business Reporting Language (XBRL) format.
- Allowing the Department to disclose certain workers' compensation-related personal information to vendors for claim investigation and fraud prevention purposes.
- Revising requirements for managing general agents, including licensure and appointment processes, and clarifying their regulatory status.
- Making other changes to the Florida Insurance Code related to agent and adjuster requirements, bail bond regulations, and fire safety and suppression.
The bill also provides $500,000 in nonrecurring funds to the Department for the enhancement of the Local Government Electronic Reporting System and development of XBRL taxonomies.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Other Sponsors (3)
Commerce Committee (H), Government Operations and Technology Appropriations Subcommittee (H), Insurance and Banking Subcommittee (H)
Last Action
Chapter No. 2018-102 (on 03/27/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2018/1073 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/er/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/e1/PDF |
| House Floor Amendment #740933 | http://www.flsenate.gov/Session/Bill/2018/1073/Amendment/740933/PDF |
| House Floor Amendment #614637 | http://www.flsenate.gov/Session/Bill/2018/1073/Amendment/614637/PDF |
| House Floor Amendment #904527 | http://www.flsenate.gov/Session/Bill/2018/1073/Amendment/904527/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/c3/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/c2/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/c1/PDF |
| House Committee Amendment #189391 | http://www.flsenate.gov/Session/Bill/2018/1073/Amendment/189391/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/1073/BillText/Filed/PDF |
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