CS/SB 1740: Insurance
GENERAL BILL by Banking and Insurance ; Ingoglia ; (CO-INTRODUCERS) Sharief
Insurance; Specifying that hurricane mitigation grants funded through the My Safe Florida Home Program may be awarded only under certain circumstances; revising the surplus required for certain insurers applying for their original certificates of authority and to maintain their certificates of authority, respectively; specifying prohibitions for persons who were officers or directors of an insolvent insurer, attorneys in fact of a reciprocal insurer, or officers or directors of an attorney in fact of a reciprocal insurer; prohibiting the office from requesting an insurer waive a deemed approval for residential property insurance rate filing under certain circumstances, etc.
Last Action: 3/19/2025 Senate - CS by Banking and Insurance read 1st time
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/28/2025 Senate • Filed
3/7/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
3/10/2025 Senate • Introduced
3/12/2025 Senate • On Committee agenda-- Banking and Insurance, 03/17/25, 1:30 pm, 412 Knott Building
3/17/2025 Senate • CS by Banking and Insurance; YEAS 7 NAYS 0
3/19/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Committee on Agriculture, Environment, and General Government
• CS by Banking and Insurance read 1st time
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CS/SB 1740, Committee Substitute 1 (Current Bill Version) Posted 3/19/2025 at 3:00 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1433 Hurricane Mitigation Grants and Insurers' Regulations Benarroch Similar Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee 
H 1555 Insurers' Liabilities and Responsibilities Cassel Compare Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee
S 794 (c1) Mandatory Human Reviews of Insurance Claim Denials Bradley Compare Last Action: 3/26/2025 S CS by Banking and Insurance read 1st time
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 215.5586 My Safe Florida Home Program. Page 2 (pdf) 624.407 Surplus required; new insurers. Page 13 (pdf) 624.4073 Officers and directors of insolvent insurers. Page 14 (pdf) 624.408 Surplus required; current insurers. Page 15 (pdf) 627.062 Rate standards. Page 17 (pdf) 627.4263 Page 19 (pdf) -
SB 1740, Original Filed Version Posted 2/28/2025 at 12:45 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 3/14/2025 (pdf)
Banking and Insurance (Post-Meeting) 3/20/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1433 Hurricane Mitigation Grants and Insurers' Regulations Benarroch Similar Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 937706 - Amendment
Between lines 452 and 453 insert:Banking and Insurance
(Ingoglia)3/17/2025
10:20 AMReplaced by Committee Substitute
3/19/2025Web Page
PDFCommittee Votes (1)
Date Committee Result 3/17/2025 1:30 PM Banking and Insurance 7 Yeas - 0 Nays Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 215.5586 My Safe Florida Home Program. Page 1 (pdf) 624.407 Surplus required; new insurers. Page 12 (pdf) 624.4073 Officers and directors of insolvent insurers. Page 13 (pdf) 624.408 Surplus required; current insurers. Page 15 (pdf)