CS/CS/HB 505: Insurance
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Berfield ; (CO-INTRODUCERS) Canady ; Lopez, V.
Insurance; Prohibits liveries from leasing or renting or offering to lease or to rent livery vessels unless certain duties relating to insurance are fulfilled; specifies qualification for local governmental entity's representative on self-insurer's governing body; revises requirements for residential property insurance rate filings; revises & specifies alternative hurricane deductible amounts for personal lines residential property insurance policies covering risks with specified dwelling limits; provides for foreign pure captive insurance company to do business in state; revises circumstances under which service agreement companies do not have to establish & maintain unearned premium reserves.
Last Action: 5/1/2023 House - Laid on Table; companion bill(s) passed, see CS/CS/CS/SB 418 (Ch. 2023-217)
Bill Text: PDF
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Bill History
Date Chamber Action 1/24/2023 House • Filed
2/1/2023 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/7/2023 House • Added to Insurance & Banking Subcommittee agenda
• 1st Reading (Original Filed Version)
3/9/2023 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in State Administration & Technology Appropriations Subcommittee
• 1st Reading (Committee Substitute 1)
3/17/2023 House • Added to State Administration & Technology Appropriations Subcommittee agenda
3/21/2023 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
4/13/2023 House • Added to Commerce Committee agenda
4/18/2023 House • Favorable with CS by Commerce Committee
4/22/2023 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
4/24/2023 House • 1st Reading (Committee Substitute 2)
4/25/2023 House • Bill referred to House Calendar
• Added to Second Reading Calendar
5/1/2023 House • Laid on Table; companion bill(s) passed, see CS/CS/CS/SB 418 (Ch. 2023-217)
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CS/CS/HB 505, Committee Substitute 2 (Current Bill Version) Posted 4/22/2023 at 9:21 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 418 (er) Insurance Perry Similar Last Action: 6/16/2023 Chapter No. 2023-217, companion bill(s) passed, see CS/CS/HB 1185 (Ch. 2023-130) 
Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 327.54 Liveries; safety regulations; penalty. Page 2 (pdf) 624.4621 Group self-insurance funds. Page 4 (pdf) 626.8411 Application of Florida Insurance Code provisions to title insurance agents or agencies. Page 5 (pdf) 627.062 Rate standards. Page 5 (pdf) 627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 6 (pdf) 627.0629 Residential property insurance; rate filings. Page 8 (pdf) 627.0665 Automatic bank withdrawal agreements; notification required. Page 8 (pdf) 627.421 Delivery of policy. Page 9 (pdf) 627.701 Liability of insureds; coinsurance; deductibles. Page 10 (pdf) 627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 11 (pdf) 627.7276 Notice of limited coverage. Page 12 (pdf) 628.905 Licensing; authority. Page 13 (pdf) 634.041 Qualifications for license. Page 14 (pdf) -
CS/HB 505, Committee Substitute 1 Posted 3/9/2023 at 12:10 PM
Bill Text: PDF Analyses: State Administration & Technology Appropriations Subcommittee (Post-Meeting) 3/21/2023 (pdf)
Commerce Committee (Post-Meeting) 4/22/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 418 (e1) Insurance Perry Compare Last Action: 6/16/2023 Chapter No. 2023-217, companion bill(s) passed, see CS/CS/HB 1185 (Ch. 2023-130)
Committee Amendments (3)
Amendment Sponsor Filed Last Committee Action Format 011041 - Amendment
Remove lines 205-210 and insert:Berfield 4/14/2023
10:52 PMAdopted as Amended
4/18/2023PDF 
283751 - Amendment to Amendment (011041)
Remove lines 40-41 of the amendment and insert:LaMarca 4/17/2023
12:28 PMAdopted without Objection
4/18/2023PDF 470331 - Amendment
Between lines 210 and 211, insert:LaMarca 4/17/2023
12:29 PMAdopted without Objection
4/18/2023PDF Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 626.8411 Application of Florida Insurance Code provisions to title insurance agents or agencies. Page 2 (pdf) 627.062 Rate standards. Page 2 (pdf) 627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 3 (pdf) 627.0629 Residential property insurance; rate filings. Page 5 (pdf) 627.0665 Automatic bank withdrawal agreements; notification required. Page 5 (pdf) 627.421 Delivery of policy. Page 6 (pdf) 627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 7 (pdf) 627.7276 Notice of limited coverage. Page 8 (pdf) -
HB 505, Original Filed Version Posted 1/24/2023 at 12:08 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 6/16/2023 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 418 (c2) Insurance Perry Compare Last Action: 6/16/2023 Chapter No. 2023-217, companion bill(s) passed, see CS/CS/HB 1185 (Ch. 2023-130)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 939447 - Amendment
Remove lines 23-107 and insert:Berfield 3/8/2023
9:01 PMAdopted without Objection
3/9/2023PDF Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 627.062 Rate standards. Page 1 (pdf) 627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 2 (pdf) 627.0629 Residential property insurance; rate filings. Page 4 (pdf) 627.0665 Automatic bank withdrawal agreements; notification required. Page 4 (pdf) 627.7276 Notice of limited coverage. Page 5 (pdf)
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