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CS/CS/HB 557: Florida Insurance Guaranty Association

GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Raburn

Florida Insurance Guaranty Association; Defines term "assessment year"; revises provisions relating to levy of assessments on insurers by Florida Insurance Guaranty Association; specifies conditions under which such assessments are paid; revises procedures & timeframes for levying of assessments; revises provisions relating to assessments that are premium & not subject to premium tax; limits insurer's liability for uncollectible emergency assessments; deletes requirement to file final accounting report documenting recoupment; revises exemption for assessments; requires charges or recoupments to be displayed separately on premium statements to policyholders & prohibits their inclusion in rates.

Effective Date: 7/1/2015
 Last Action: 4/24/2015 House - Laid on Table, companion bill(s) passed, see CS/SB 836 (Ch. 2015-65) -HJ 824
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/2/2015 House • Filed
    2/11/2015 House • Referred to Insurance and Banking Subcommittee; Finance and Tax Committee; Regulatory Affairs Committee -HJ 48
    2/27/2015 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/03/15, 4:30 pm, Sumner Hall
    3/3/2015 House • Introduced -HJ 48
    • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 172
    3/4/2015 House • Pending review of CS under Rule 7.19(c)
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 169
    3/5/2015 House • Now in Finance and Tax Committee -HJ 181
    3/23/2015 House • On Committee agenda-- Finance and Tax Committee, 03/25/15, 1:00 pm, Morris Hall
    3/25/2015 House • Favorable by Finance and Tax Committee; YEAS 16 NAYS 0 -HJ 328
    • Now in Regulatory Affairs Committee -HJ 328
    3/30/2015 House • On Committee agenda-- Regulatory Affairs Committee, 04/01/15, 8:00 am, Sumner Hall
    4/1/2015 House • CS/CS by- Regulatory Affairs Committee; YEAS 13 NAYS 0 -HJ 429
    4/2/2015 House • Pending review of CS -under Rule 7.19(c)
    • CS/CS by Regulatory Affairs Committee read 1st time -HJ 426
    4/3/2015 House • Placed on Calendar -HJ 436
    4/22/2015 House • Placed on Special Order Calendar, 04/24/15
    4/24/2015 House • Substituted CS/SB 836 -HJ 824
    • Laid on Table, companion bill(s) passed, see CS/SB 836 (Ch. 2015-65) -HJ 824

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  • CS/CS/HB 557, Committee Substitute 2 (Current Bill Version) Posted 4/2/2015 at 8:50 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 836 (er) Florida Insurance Guaranty Association Latvala Identical Last Action: 5/22/2015 Chapter No. 2015-65
    Location: Became Law     		Track This Bill

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    627.727 Motor vehicle insurance; uninsured and underinsured vehicle coverage; insolvent insurer protection. Page 14 (pdf)
    631.54 Definitions. Page 2 (pdf)
    631.55 Creation of the association. Page 15 (pdf)
    631.57 Powers and duties of the association. Page 2 (pdf)
    631.64 Recognition of assessments in rates. Page 13 (pdf)

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  • CS/HB 557, Committee Substitute 1 Posted 3/4/2015 at 3:30 PM

    Bill Text:   PDF
    Analyses:   Finance and Tax Committee (Post-Meeting) 3/27/2015 (pdf)
    Regulatory Affairs Committee (Post-Meeting) 4/2/2015 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 836 (c1) Florida Insurance Guaranty Association Latvala Similar Last Action: 5/22/2015 Chapter No. 2015-65
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    667471 - Amendment
    Remove line 205 and insert:     		Raburn 3/31/2015
    7:35 PM     		Adopted without Objection
    4/1/2015     		PDF

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    627.727 Motor vehicle insurance; uninsured and underinsured vehicle coverage; insolvent insurer protection. Page 14 (pdf)
    631.54 Definitions. Page 2 (pdf)
    631.55 Creation of the association. Page 15 (pdf)
    631.57 Powers and duties of the association. Page 2 (pdf)
    631.64 Recognition of assessments in rates. Page 13 (pdf)

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  • HB 557, Original Filed Version Posted 2/2/2015 at 2:11 PM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 5/26/2015 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 836 Florida Insurance Guaranty Association Latvala Identical Last Action: 5/22/2015 Chapter No. 2015-65
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    824791 - Amendment
    Remove line 232 and insert:     		Raburn 3/2/2015
    6:21 PM     		Adopted without Objection
    3/3/2015     		PDF

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    627.727 Motor vehicle insurance; uninsured and underinsured vehicle coverage; insolvent insurer protection. Page 14 (pdf)
    631.54 Definitions. Page 2 (pdf)
    631.55 Creation of the association. Page 15 (pdf)
    631.57 Powers and duties of the association. Page 2 (pdf)
    631.64 Recognition of assessments in rates. Page 13 (pdf)

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