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CS/CS/HB 503: Insurance

GENERAL BILL by Commerce Committee ; Insurance and Banking Subcommittee ; Gregory

Insurance; Provides circumstances under which certain persons are deemed to have control & are subject to specified requirements; authorizes any association, trust, or pool created for purpose of forming risk management mechanism or providing self-insurance for public entity to use communications media technology to establish quorum & conduct public business; exempts certain applicants for licensure as all-lines adjusters from required examination; authorizes use of certain modeling indication for residential property insurance rate filings; authorizes insurers to file certain insurance rating plans based on specified windstorm mitigation construction standards under certain circumstances; revises conditions for determining ineligibility of condominiums for wind-only coverage; authorizes licensed personal lines or general lines agents to solicit, negotiate, advertise, or sell motor vehicle service agreements, home warranty contracts, & service warranty contracts without sales representative license.

Effective Date: 7/1/2022
 Last Action: 3/8/2022 House - Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    11/4/2021 House • Filed
    11/19/2021 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 • Added to Insurance & Banking Subcommittee agenda
    • 1st Reading (Original Filed Version)
    1/13/2022 House • Favorable with CS by Insurance & Banking Subcommittee
    1/14/2022 House • Reported out of Insurance & Banking Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    • 1st Reading (Committee Substitute 1)
    1/18/2022 House • Original reference removed: State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Commerce Committee
    2/21/2022 House • Added to Commerce Committee agenda
    2/23/2022 House • Favorable with CS by Commerce Committee
    2/25/2022 House • Reported out of Commerce Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    2/28/2022 House • Bill referred to House Calendar
    • 1st Reading (Committee Substitute 2)
    • Added to Second Reading Calendar
    3/8/2022 House • Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)

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  • CS/CS/HB 503, Committee Substitute 2 (Current Bill Version) Posted 2/25/2022 at 3:32 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 468 (e1) Insurance Perry Similar Last Action: 3/14/2022 S Died in returning Messages, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132) Track This Bill
    H 959 (er) Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138 Track This Bill
    S 1058 (er) Property Insurer Reimbursements Hutson Compare Last Action: 5/23/2022 Chapter No. 2022-132 Track This Bill
    S 1874 (c2) Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679 Track This Bill

    Citations - Statutes (23)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 4 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 6 (pdf)
    624.413 Application for certificate of authority. Page 7 (pdf)
    624.424 Annual statement and other information. Page 29 (pdf)
    624.46227 Page 9 (pdf)
    626.221 Examination requirement; exemptions. Page 9 (pdf)
    626.856 “Company employee adjuster” defined. Page 11 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 33 (pdf)
    626.8734 Nonresident all-lines adjuster license qualifications. Page 34 (pdf)
    627.062 Rate standards. Page 11 (pdf)
    627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 12 (pdf)
    627.0629 Residential property insurance; rate filings. Page 13 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 14 (pdf)
    627.351 Insurance risk apportionment plans. Page 14 (pdf), Page 30 (pdf)
    627.421 Delivery of policy. Page 20 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 21 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 23 (pdf)
    627.7152 Assignment agreements. Page 24 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 35 (pdf)
    627.7276 Notice of limited coverage. Page 25 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 26 (pdf)
    634.317 License and appointment required. Page 27 (pdf)
    634.419 License and appointment required. Page 28 (pdf)

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  • CS/HB 503, Committee Substitute 1 Posted 1/14/2022 at 2:57 PM

    Bill Text:   PDF
    Analyses:   Commerce Committee (Post-Meeting) 2/25/2022 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 468 (e1) Insurance Perry Similar Last Action: 3/14/2022 S Died in returning Messages, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132) Track This Bill
    H 959 (c3) Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138 Track This Bill
    S 1874 (c1) Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679 Track This Bill

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    122505 - Amendment
    Between lines 155 and 156, insert:     		Gregory 2/22/2022
    9:34 PM     		Adopted without Objection
    2/23/2022     		PDF
    525867 - Amendment
    Between lines 218 and 219, insert:     		Gregory 2/22/2022
    9:35 PM     		Withdrawn Prior to Consideration
    2/22/2022     		PDF
    032023 - Amendment
    Between lines 218 and 219, insert:     		Gregory 2/22/2022
    9:36 PM     		Adopted without Objection
    2/23/2022     		PDF
    935133 - Amendment
    Remove line 235 and insert:     		Gregory 2/22/2022
    9:36 PM     		Adopted without Objection
    2/23/2022     		PDF

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 4 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 6 (pdf)
    624.424 Annual statement and other information. Page 24 (pdf)
    624.46227 Page 7 (pdf)
    626.221 Examination requirement; exemptions. Page 7 (pdf)
    626.856 “Company employee adjuster” defined. Page 8 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 29 (pdf)
    626.8734 Nonresident all-lines adjuster license qualifications. Page 29 (pdf)
    627.062 Rate standards. Page 9 (pdf)
    627.0629 Residential property insurance; rate filings. Page 9 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 10 (pdf)
    627.351 Insurance risk apportionment plans. Page 10 (pdf), Page 26 (pdf)
    627.421 Delivery of policy. Page 16 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 17 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 18 (pdf)
    627.7152 Assignment agreements. Page 20 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 30 (pdf)
    627.7276 Notice of limited coverage. Page 21 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 22 (pdf)
    634.317 License and appointment required. Page 23 (pdf)
    634.419 License and appointment required. Page 24 (pdf)

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  • HB 503, Original Filed Version Posted 11/4/2021 at 8:36 AM

    Bill Text:   PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 1/14/2022 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 468 (c2) Insurance Perry Similar Last Action: 3/14/2022 S Died in returning Messages, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132) Track This Bill
    H 959 Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138 Track This Bill
    S 1874 Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    129251 - Amendment
    Remove lines 142-470 and insert:     		Gregory 1/12/2022
    6:49 PM     		Adopted without Objection
    1/13/2022     		PDF

    Citations - Statutes (20)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 5 (pdf)
    624.423 Serving process. Page 7 (pdf)
    624.424 Annual statement and other information. Page 23 (pdf)
    624.46227 Page 7 (pdf)
    626.856 “Company employee adjuster” defined. Page 7 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 28 (pdf)
    627.062 Rate standards. Page 8 (pdf)
    627.0629 Residential property insurance; rate filings. Page 8 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 9 (pdf)
    627.351 Insurance risk apportionment plans. Page 9 (pdf), Page 25 (pdf)
    627.421 Delivery of policy. Page 15 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 16 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 18 (pdf)
    627.7152 Assignment agreements. Page 19 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 29 (pdf)
    627.7276 Notice of limited coverage. Page 20 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 21 (pdf)
    634.317 License and appointment required. Page 22 (pdf)
    634.419 License and appointment required. Page 23 (pdf)

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