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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.

Effective Date: 7/1/2023
 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) Track This Bill

    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)

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  • 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) Track This Bill

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    011041 - Amendment
    Remove lines 205-210 and insert:     		Berfield 4/14/2023
    10:52 PM     		Adopted as Amended
    4/18/2023     		PDF
    hierarchy 283751 - Amendment to Amendment (011041)
    Remove lines 40-41 of the amendment and insert:     		LaMarca 4/17/2023
    12:28 PM     		Adopted without Objection
    4/18/2023     		PDF
    470331 - Amendment
    Between lines 210 and 211, insert:     		LaMarca 4/17/2023
    12:29 PM     		Adopted without Objection
    4/18/2023     		PDF

    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)

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  • 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) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    939447 - Amendment
    Remove lines 23-107 and insert:     		Berfield 3/8/2023
    9:01 PM     		Adopted without Objection
    3/9/2023     		PDF

    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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