CS/HB 1023: Insolvent Insurers
GENERAL BILL by Commerce Committee ; Fabricio
Insolvent Insurers; Provides required factors to be used in determination & fixing of rates for premiums paid to insolvent insurers for specified coverages; authorizes insurers to elect not to recoup advance assessments paid to Florida Insurance Guaranty Association, Incorporated; provides calculations of insurers' assets under specified circumstances; revises provisions relating to payments of assessments & insurers' reconciliation reports to association; requires insurers to pay assessments to association, rather than to collect such assessments; specifies payments that certain insurers must make to association; requires insurers to treat insureds' failure to pay surcharges, rather than recoupment charges, as failure to pay premiums; provides that insurers are liable for surcharges & are not liable for uncollectible surcharges; removes requirement that insurers treat insureds' failure to pay emergency assessments as failure to pay premiums; revises provisions relating to insurers' collection of surcharges & payments of assessments to Florida Workers' Compensation Insurance Guaranty Association, Incorporated.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/27/2021 | House |
• Filed |
| 1/7/2022 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/11/2022 | House |
• 1st Reading (Original Filed Version) |
| 1/25/2022 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 1/27/2022 | House |
• Favorable by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Now in State Administration & Technology Appropriations Subcommittee |
| 2/4/2022 | House |
• Added to State Administration & Technology Appropriations Subcommittee agenda |
| 2/8/2022 | House |
• Favorable by State Administration & Technology Appropriations Subcommittee • Reported out of State Administration & Technology Appropriations Subcommittee • Now in Commerce Committee |
| 2/15/2022 | House |
• Added to Commerce Committee agenda |
| 2/17/2022 | House |
• Favorable with CS by Commerce Committee • Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 2/18/2022 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
| 2/24/2022 | House |
• Bill added to Special Order Calendar (3/1/2022) |
| 3/1/2022 | House |
• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar |
| 3/2/2022 | House |
• Read 3rd time • CS passed; YEAS 116, NAYS 0 |
| 3/2/2022 | Senate |
• In Messages • Referred to Appropriations -SJ 537 • Received -SJ 537 |
| 3/4/2022 | Senate |
• Withdrawn from Appropriations -SJ 665 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 1430 -SJ 665 • Read 2nd time -SJ 665 • Read 3rd time -SJ 665 • CS passed; YEAS 36 NAYS 0 -SJ 665 |
| 3/4/2022 | House |
• In Messages • Ordered enrolled |
| 5/20/2022 |
• Signed by Officers and presented to Governor |
|
| 5/25/2022 |
• Approved by Governor |
|
| 5/26/2022 |
• Chapter No. 2022-139 |
