HB 1141: Insurance Regulations

GENERAL BILL by Fabricio

Insurance Regulations; Requires documentation supporting that financial considerations & payments to affiliates by reciprocal insurers are fair & reasonable; authorizes reciprocal insurers to require subscriber contributions; provides applicability of specialty insurer provisions & nonapplicability of continuing care provider requirements to bondholders; specifies circumstances under which continuing care providers may withdraw specified percentage of required minimum liquid reserve; provides that continuing care & continuing care at-home contracts are not subordinate to any secured claims & must be treated with higher priority over all other claims in event of receivership or liquidation proceedings against continuing care provider; requires each continuing care facility to have its own designated resident representative; provides requirements for providers who borrow or solicit funds from residents; prohibits persons from acting or holding themselves as management companies for continuing care retirement communities without certificate of authority; provides guidelines for commissioner to determine if provider or facility is insolvent or in imminent danger of becoming insolvent; requires office to record notices of lien against continuing care facilities' properties.

Current Bill Version Posted: 2/26/2025 09:49 AM

• Related Bills (7)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 1429 by Fabricio Insurance Regulations Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Identical
  S 1656 (c1) by Collins Insurance Regulations Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Similar
  H 763 by Benarroch Consumer Guide to Homeowner's Insurance Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Compare
  H 881 (c1) by Insurance & Banking Subcommittee Insurance Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Compare
  H 1431 by Chaney Pub. Rec./Uniform Mitigation Verification Inspection Forms Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Compare
  S 888 (c1) by Avila Consumer Transparency for Homeowners’ Insurance Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare
  S 1658 (c1) by Collins Public Records/Uniform Mitigation Verification Inspection Form Database Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare

• Citations - Statute (83)

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  48.151	Service on statutory agents for certain persons.	Page 14 [pdf]
  252.63	Commissioner of Insurance Regulation; powers in a state of emergency.	Page 15 [pdf]
  624.4085	Risk-based capital requirements for insurers.	Page 15 [pdf]
  624.422	Service of process; appointment of Chief Financial Officer as process agent.	Page 16 [pdf]
  624.45	Participation of financial institutions in reinsurance and in insurance exchanges.	Page 16 [pdf]
  624.610	Reinsurance.	Page 17 [pdf]
  626.9651	Privacy.	Page 21 [pdf]
  627.062	Rate standards.	Page 23 [pdf]
  627.0621	Transparency in rate regulation.	Page 25 [pdf]
  627.0645	Annual filings.	Page 30 [pdf]
  627.0651	Making and use of rates for motor vehicle insurance.	Page 30 [pdf]
  627.4554	Suitability in annuity transactions.	Page 31 [pdf]
  627.642	Outline of coverage.	Page 159 [pdf]
  627.6475	Individual reinsurance pool.	Page 161 [pdf]
  627.657	Provisions of group health insurance policies.	Page 165 [pdf]
  627.6699	Employee Health Care Access Act.	Page 39 [pdf]
  627.66997	Stop-loss insurance.	Page 166 [pdf]
  627.711	Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form.	Page 54 [pdf]
  627.7152	Assignment agreements.	Page 55 [pdf]
  627.9145		Page 56 [pdf]
  627.915	Insurer experience reporting.	Page 56 [pdf]
  628.081	Incorporation of domestic insurer.	Page 59 [pdf]
  628.091	Filing, approval of articles of incorporation.	Page 59 [pdf]
  628.111	Amendment of articles of incorporation; mutual insurer.	Page 60 [pdf]
  628.461	Acquisition of controlling stock.	Page 61 [pdf]
  628.4615	Specialty insurers; acquisition of controlling stock, ownership interest, assets, or control; merger or consolidation.	Page 63 [pdf]
  628.717	Filing of articles of incorporation.	Page 64 [pdf]
  628.719	Amendment of articles of incorporation.	Page 64 [pdf]
  628.910	Incorporation options and requirements.	Page 65 [pdf]
  629.011	Definitions.	Page 66 [pdf]
  629.071	Surplus funds required.	Page 67 [pdf]
  629.081	Organization of reciprocal insurer.	Page 68 [pdf]
  629.082		Page 68 [pdf]
  629.1015		Page 68 [pdf]
  629.121	Attorney’s bond.	Page 70 [pdf]
  629.162		Page 71 [pdf]
  629.163		Page 71 [pdf]
  629.164		Page 72 [pdf]
  629.171	Annual statement.	Page 73 [pdf]
  629.181	Financial condition; method of determining.	Page 74 [pdf]
  629.201	Subscribers’ advisory committee.	Page 75 [pdf]
  629.271	Distribution of savings.	Page 76 [pdf]
  629.291	Merger or conversion.	Page 77 [pdf]
  629.301	Impaired reciprocal insurers.	Page 77 [pdf]
  629.401	Insurance exchange.	Page 78 [pdf]
  629.520	Authority of a limited reciprocal insurer.	Page 79 [pdf]
  629.56		Page 79 [pdf]
  634.401	Definitions.	Page 79 [pdf]
  641.2012		Page 80 [pdf]
  641.26	Annual and quarterly reports.	Page 80 [pdf]
  641.283		Page 83 [pdf]
  651.011	Definitions.	Page 84 [pdf]
  651.018	Administrative supervision.	Page 88 [pdf]
  651.019	New financing, additional financing, or refinancing.	Page 89 [pdf]
  651.0212		Page 90 [pdf]
  651.0215	Consolidated application for a provisional certificate of authority and a certificate of authority; required restrictions on use of entrance fees.	Page 93 [pdf]
  651.022	Provisional certificate of authority; application.	Page 94 [pdf]
  651.023	Certificate of authority; application.	Page 98 [pdf]
  651.024	Acquisition.	Page 101 [pdf]
  651.0246	Expansions.	Page 102 [pdf]
  651.026	Annual reports.	Page 106 [pdf]
  651.0261	Quarterly and monthly statements.	Page 108 [pdf]
  651.033	Escrow accounts.	Page 110 [pdf]
  651.034	Financial and operating requirements for providers.	Page 113 [pdf]
  651.035	Minimum liquid reserve requirements.	Page 114 [pdf]
  651.043	Approval of change in management.	Page 121 [pdf]
  651.055	Continuing care contracts; right to rescind.	Page 122 [pdf]
  651.071	Contracts as preferred claims on liquidation or receivership.	Page 123 [pdf]
  651.085	Quarterly meetings between residents and the governing body of the provider; resident representation before the governing body of the provider.	Page 123 [pdf]
  651.087		Page 124 [pdf]
  651.091	Availability, distribution, and posting of reports and records; requirement of full disclosure.	Page 129 [pdf]
  651.104		Page 132 [pdf]
  651.1041		Page 137 [pdf]
  651.1043		Page 137 [pdf]
  651.1045		Page 140 [pdf]
  651.105	Examination.	Page 144 [pdf]
  651.1065	Soliciting or accepting new continuing care contracts by impaired or insolvent facilities or providers.	Page 147 [pdf]
  651.1068		Page 148 [pdf]
  651.107	Duration of suspension; obligations during suspension period; reinstatement.	Page 148 [pdf]
  651.108	Administrative fines.	Page 149 [pdf]
  651.113		Page 150 [pdf]
  651.114	Delinquency proceedings; remedial rights.	Page 154 [pdf]
  651.1165		Page 157 [pdf]

• Bill History

  S = Senate, H = House

  2/26/2025

  H

  • Filed • Withdrawn prior to introduction