CS/HB 881: Insurance
GENERAL BILL by Insurance & Banking Subcommittee ; Griffitts
Insurance; Provides procedures & timelines for objecting, & responding to objections, to sufficiency of evidence submitted by claimants to insurers; requires FDLE to accept certain fingerprints; specifies that certain criminal records must be used by OIR for certain purposes; establishes standards for compensation arrangements & oversight of affiliate transactions involving insurers, managing general agents, & attorneys in fact; requires certain rate filings with OIR from residential property insurers to include rate transparency reports; provides reporting requirements relating to universal life insurance policies; provides authority of OIR over affiliate dividends; authorizes assessable & nonassessable reciprocal insurers, rather than domestic reciprocal insurers, to transact insurance if they maintain specified amounts of surplus funds; provides that attorneys in fact of reciprocal insurers are affiliated entities; authorizes reciprocal insurers to require subscriber contributions; authorizes reciprocal insurers to establish subscriber savings accounts; specifies manner in which impaired reciprocal insurers are proceeded against if they cannot make up deficiencies in assets; specifies manner in which assessments are levied upon subscribers if reciprocal insurers are liquidated; requires reciprocal insurers to maintain unearned premium reserves at all times.
Last Action: 4/8/2025 House - 1st Reading (Committee Substitute 1)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/21/2025 | House |
• Filed |
| 3/2/2025 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/4/2025 | House |
• 1st Reading (Original Filed Version) |
| 4/1/2025 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 4/3/2025 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 4/7/2025 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 4/8/2025 | House |
• Referred to Commerce Committee • Now in Commerce Committee • 1st Reading (Committee Substitute 1) |
