CS/SB 1184: Residual Market Insurers

GENERAL BILL by Banking and Insurance, DiCeglie

Residual Market Insurers; Revising the conditions for insurance coverage to be eligible for export; transferring to surplus lines insurance those provisions relating to liability of insureds and deductibles; prohibiting policyholders from assigning post-loss insurance benefits under property insurance policies; requiring settlements or verdicts against insureds as a condition precedent to the accrual or maintenance of causes of actions against liability insurers by persons who are not insureds, etc.

Current Bill Version Posted: 3/19/2025 02:54 PM

• Senate Committee References (3)

  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 643 (c2) by Insurance & Banking Subcommittee Insurance Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare
  H 1549 (er) by Insurance & Banking Subcommittee Financial Services Last Action: 5/2/2025 H Ordered engrossed, then enrolled	Compare
  S 1612 (c2) by Grall Financial Services Last Action: 4/30/2025 S Laid on Table, refer to CS/HB 1549 -SJ 976	Compare

• Analyses (1)

  Links in this section are PDF documents.

  • Judiciary (Pre-Meeting)   3/31/2025

• Citations - Statute (23)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
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  626.913	Surplus Lines Law; short title; purposes.	Page 3 [pdf]
  626.914	Definitions.	Page 3 [pdf]
  626.916	Eligibility for export.	Page 3 [pdf]
  626.918	Eligible surplus lines insurers.	Page 48 [pdf]
  626.9261		Page 7 [pdf]
  626.9262		Page 8 [pdf]
  626.9263		Page 15 [pdf]
  626.9264		Page 17 [pdf]
  626.9265		Page 20 [pdf]
  626.9266		Page 21 [pdf]
  626.931	Agent affidavit and insurer reporting requirements.	Page 23 [pdf]
  626.932	Surplus lines tax.	Page 24 [pdf]
  626.9325	Service fee.	Page 49 [pdf]
  626.935	Suspension, revocation, or refusal of surplus lines agent’s license.	Page 54 [pdf]
  626.9541	Unfair methods of competition and unfair or deceptive acts or practices defined.	Page 49 [pdf]
  627.351	Insurance risk apportionment plans.	Page 25 [pdf]
  627.4085	Insurer name, agent name, and license identification number required on application.	Page 5 [pdf]
  627.701	Liability of insureds; coinsurance; deductibles.	Page 6 [pdf]
  627.70131	Insurer’s duty to acknowledge communications regarding claims; investigation.	Page 8 [pdf]
  627.70132	Notice of property insurance claim.	Page 14 [pdf]
  627.70152	Suits arising under a property insurance policy.	Page 16 [pdf]
  627.715	Flood insurance.	Page 55 [pdf]
  627.952	Risk retention and purchasing group agents.	Page 22 [pdf]

• Bill History

  S = Senate, H = House

  2/25/2025	S	• Filed
  3/3/2025	S	• Referred to Banking and Insurance; Judiciary; Rules
  3/4/2025	S	• Introduced
  3/12/2025	S	• On Committee agenda-- Banking and Insurance, 03/17/25, 1:30 pm, 412 Knott Building
  3/17/2025	S	• CS by Banking and Insurance; YEAS 7 NAYS 0
  3/19/2025	S	• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Judiciary • CS by Banking and Insurance read 1st time
  3/27/2025	S	• On Committee agenda-- Judiciary, 04/01/25, 4:00 pm, 110 Senate Building --Temporarily Postponed
  5/3/2025	S	• Indefinitely postponed and withdrawn from consideration