Florida Senate - 2026                              CS for SB 158
       
       
        
       By the Committee on Banking and Insurance; and Senator Jones
       
       
       
       
       
       597-02496-26                                           2026158c1
    1                        A bill to be entitled                      
    2         An act relating to pet insurance; amending s.
    3         627.71545, F.S.; revising requirements for disclosures
    4         from a pet insurer to a policyholder; prohibiting
    5         agents from soliciting the sale of pet insurance
    6         policies or pet wellness products under certain
    7         circumstances; authorizing agents to rely on certain
    8         standards and materials; specifying that certain
    9         training standards are not part of certain continuing
   10         education requirements; providing that certain courses
   11         are eligible for certain continuing education credit;
   12         deleting a requirement that insurers ensure their
   13         agents are trained in a specified manner; requiring
   14         pet insurers to file annually a specified report with
   15         the Office of Insurance Regulation; specifying the
   16         requirements of such report; providing an effective
   17         date.
   18          
   19  Be It Enacted by the Legislature of the State of Florida:
   20  
   21         Section 1. Present subsection (11) of section 627.71545,
   22  Florida Statutes, is redesignated as subsection (12), a new
   23  subsection (11) is added to that section, and paragraph (e) of
   24  subsection (6) and paragraph (a) of subsection (10) of that
   25  section are amended, to read:
   26         627.71545 Pet insurance; noninsurance wellness programs.—
   27         (6)
   28         (e) At the time a pet insurance policy is issued or
   29  delivered to a policyholder, the pet insurer shall provide the
   30  policyholder with a copy of the Insurer Disclosure of Important
   31  Policy Provisions document required under paragraph (d), in at
   32  least 12-point type. At such time, the pet insurer shall also
   33  include a written disclosure with all of the following:
   34         1. Contact information for the Division of Consumer
   35  Services of the department, including a link and toll-free
   36  telephone number, for consumers to submit inquiries and
   37  complaints relating to pet insurance products regulated by the
   38  department or office.
   39         2. The address and customer service telephone number of the
   40  pet insurance agent.
   41         3.A summary of the key policy features, written in plain
   42  language and on a form adopted by the commission by rule,
   43  including, at a minimum, coverage limits and deductibles,
   44  waiting periods, exclusions, preexisting condition rules, and
   45  whether the policy includes wellness benefits.
   46         (10)(a)1.An agent may not solicit the sale of a pet
   47  insurance policy or a pet wellness product unless the agent has
   48  adequate knowledge of the policy or product, is in compliance
   49  with the insurer’s standards applicable to the sale of the
   50  policy or product, and completes a biennial 2-hour training
   51  course on the topics specified in paragraph (b). An agent may
   52  rely on insurer-provided, policy, or product-specific training
   53  standards and materials to comply with this subsection.
   54         2.The insurer-provided, policy, or product-provided
   55  training standards specified in subparagraph 1. are not part of
   56  an agent’s continuing education requirement in s. 626.2815;
   57  however, if a course provider submits and receives approval from
   58  the department, the course is eligible for continuing education
   59  credit pursuant to s. 626.2815 A pet insurer must ensure that
   60  its agents are trained on the topics specified in paragraph (b)
   61  and that its agents have been appropriately trained on the
   62  coverages and conditions of its pet insurance products.
   63         (11)Each pet insurer authorized to transact pet insurance
   64  under this section shall file with the office by March 1 of each
   65  year a report containing all of the following information for
   66  the preceding calendar year:
   67         (a)The number of pet insurance policies issued, renewed,
   68  and canceled.
   69         (b)Aggregate premium and claims data.
   70         (c)Data on policy denials and rescissions, including the
   71  reason for each denial or rescission.
   72         (d)Information on waiting periods, exclusions, and
   73  wellness program offerings.
   74         (e)Any other information required by rule of the
   75  commission.
   76         Section 2. This act shall take effect July 1, 2026.