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CS/CS/HB 1611: Insurance

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Stevenson ; (CO-INTRODUCERS) Barnaby ; LaMarca ; Roth

Insurance; Revising the entities for which the Office of Insurance Regulation is required to conduct market conduct examinations; requiring insurers and insurer groups to file a specified supplemental report on a monthly basis; prohibiting insurers from canceling and nonrenewing policies covering dwellings and residential properties damaged as a result hurricanes or wind losses within certain timeframes; providing exceptions to such prohibitions against eligible surplus lines insurers within certain timeframes; etc.

Effective Date: 7/1/2024

Last Action: 4/25/2024 - Signed by Officers and presented to Governor

Bill Text [pdf]

Current Bill Version Posted: 03/12/2024 at 10:40 AM

  • Senate Committee References (1)

    1. Rules (RC)
  • Related Bills (6)

    Bill Number Subject Filed By Last Action and Location Relationship Learn more about bill relationships
    S 1622 (c2) by Trumbull
    Insurance
    Last Action: 3/6/2024 S Laid on Table, refer to CS/CS/HB 1611 -SJ 867
    Similar
    H 989 (er) by Insurance & Banking Subcommittee
    Chief Financial Officer
    Last Action: 5/3/2024 Chapter No. 2024-140
    Compare
    H 1015 by Stevenson
    Insurance
    Last Action: 1/8/2024 H Withdrawn prior to introduction
    Compare
    H 1149 (c2) by Insurance & Banking Subcommittee
    Policy Cancellations and Nonrenewals by Property Insurers
    Last Action: 3/8/2024 H Died on Second Reading Calendar
    Compare
    S 1098 (c3) by DiCeglie
    Department of Financial Services
    Last Action: 3/6/2024 S Laid on Table, refer to CS/CS/CS/HB 989 -SJ 884
    Compare
    S 1104 (c2) by Bradley
    Policy Cancellations and Nonrenewals by Property Insurers
    Last Action: 3/8/2024 H Died in Messages
    Compare
  • Citations - Statutes (28)

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    Citation and Catchline Location in Bill
    163.01 Florida Interlocal Cooperation Act of 1969. Page 55 [pdf]
    624.3161 Market conduct examinations. Page 8 [pdf]
    624.424 Annual statement and other information. Page 9 [pdf]
    624.4305 Nonrenewal of residential property insurance policies. Page 10 [pdf]
    624.46226 Public housing authorities self-insurance funds; exemption for taxation and assessments. Page 11 [pdf]
    626.9201 Notice of cancellation or nonrenewal. Page 13 [pdf]
    626.9531 Identification of insurers, agents, and insurance contracts. Page 55 [pdf]
    627.062 Rate standards. Page 16 [pdf]
    627.351 Insurance risk apportionment plans. Page 17 [pdf]
    627.7011 Homeowners' policies; offer of replacement cost coverage and law and ordinance coverage. Page 21 [pdf]
    628.011 Scope of part. Page 21 [pdf]
    628.061 Investigation of proposed organization. Page 21 [pdf]
    628.801 Insurance holding companies; registration; regulation. Page 22 [pdf]
    629.011 "Reciprocal insurance" defined. Page 25 [pdf]
    629.021 "Reciprocal insurer" defined. Page 27 [pdf]
    629.061 Attorney. Page 27 [pdf]
    629.081 Organization of reciprocal insurer. Page 27 [pdf]
    629.091 Certificate of authority. Page 30 [pdf]
    629.094 Page 31 [pdf]
    629.101 Power of attorney. Page 32 [pdf]
    629.225 Page 33 [pdf]
    629.227 Page 46 [pdf]
    629.229 Page 48 [pdf]
    629.261 Nonassessable policies. Page 49 [pdf]
    629.291 Merger or conversion. Page 51 [pdf]
    629.525 Page 53 [pdf]
    766.302 Definitions; ss. 766.301-766.316. Page 53 [pdf]
    766.314 Assessments; plan of operation. Page 54 [pdf]
  • Bill History

    S = Senate, H = House

    Date Chamber Action
    1/9/2024 H • Filed
    • 1st Reading (Original Filed Version)
    1/13/2024 H • Referred to Insurance & Banking Subcommittee
    • Referred to State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    1/30/2024 H • Added to Insurance & Banking Subcommittee agenda
    2/1/2024 H • Favorable with CS by Insurance & Banking Subcommittee
    2/4/2024 H • Reported out of Insurance & Banking Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    2/5/2024 H • Original reference removed: State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Commerce Committee
    • 1st Reading (Committee Substitute 1)
    2/20/2024 H • Added to Commerce Committee agenda
    2/22/2024 H • Favorable with CS by Commerce Committee
    2/26/2024 H • Reported out of Commerce Committee
    2/27/2024 H • Laid on Table under Rule 7.18(a)
    • CS Filed
    • Bill referred to House Calendar
    • Bill added to Special Order Calendar (3/1/2024)
    • 1st Reading (Committee Substitute 2)
    3/1/2024 H • Read 2nd time
    • Amendment 685857 adopted
    • Amendment 132569 adopted
    • Placed on 3rd reading
    • Added to Third Reading Calendar
    3/4/2024 H • Read 3rd time
    • CS passed as amended; YEAS 86, NAYS 24
    3/4/2024 S • In Messages
    3/4/2024 S • Referred to Rules
    • Received
    3/6/2024 S • Withdrawn from Rules -SJ 866
    • Placed on Calendar, on 2nd reading
    • Substituted for CS/CS/SB 1622 -SJ 867
    • Read 2nd time -SJ 866
    • Amendment(s) adopted (570148, 717574) -SJ 867
    • Read 3rd time -SJ 868
    • CS passed as amended; YEAS 40 NAYS 0 -SJ 868
    3/6/2024 H • In Messages
    3/7/2024 H • Added to Senate Message List
    • Amendment 570148 Concur
    • Amendment 717574 Concur
    • CS passed as amended; YEAS 112, NAYS 0
    • Ordered engrossed, then enrolled
    4/25/2024 • Signed by Officers and presented to Governor
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