Senate Bill 870 (2014) - The Florida Senate

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CS/CS/SB 870: Insurance

GENERAL BILL by Rules ; Judiciary ; Smith

Insurance; Providing that the absence of a countersignature does not affect the validity of a policy or contract; providing that premium financing does not apply to installment payment arrangements that do not involve the advancement of funds; authorizing reciprocal insurers to return a portion of unassigned funds to their subscribers; revising provisions relating to the levy of assessments on insurers by the Florida Insurance Guaranty Association, etc.

Effective Date: 7/1/2014
Last Action: 4/24/2014 Senate - Laid on Table -SJ 605
Bill Text: Web Page | PDF

Senate Committee References:

Banking and Insurance (BI)
Judiciary (JU)
Rules (RC)

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Bill History

Date	Chamber	Action
2/5/2014	Senate	• Filed
2/10/2014	Senate	• Referred to Banking and Insurance; Judiciary -SJ 70
3/4/2014	Senate	• Introduced -SJ 70
3/6/2014	Senate	• On Committee agenda-- Banking and Insurance, 03/11/14, 4:00 pm, 110 Senate Office Building
3/11/2014	Senate	• Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 241
3/12/2014	Senate	• Now in Judiciary -SJ 241
3/20/2014	Senate	• On Committee agenda-- Judiciary, 03/25/14, 9:00 am, 110 Senate Office Building --Not Considered
3/27/2014	Senate	• On Committee agenda-- Judiciary, 04/01/14, 9:00 am, 110 Senate Office Building
4/1/2014	Senate	• CS by- Judiciary; YEAS 9 NAYS 0 -SJ 443
4/3/2014	Senate	• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • CS by Judiciary read 1st time -SJ 446
4/4/2014	Senate	• Remaining references corrected to Rules -SJ 466 • Now in Rules
4/16/2014	Senate	• On Committee agenda-- Rules, 04/21/14, 1:00 pm, 110 Senate Office Building
4/21/2014	Senate	• CS/CS by- Rules; YEAS 11 NAYS 0 -SJ 515
4/22/2014	Senate	• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • Placed on Calendar, on 2nd reading -SJ 515 • Placed on Special Order Calendar, 04/24/14 • CS/CS by Rules read 1st time -SJ 517
4/24/2014	Senate	• Read 2nd time -SJ 604 • Substituted CS/HB 375 (Died in Senate returning Messages) -SJ 605 • Laid on Table -SJ 605

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CS/CS/SB 870, Committee Substitute 2 (Current Bill Version) Posted 4/22/2014 at 4:00 PM

Bill Text:	Web Page \| PDF

Analyses:	Rules (Post-Meeting) 4/22/2014 (pdf)

Related Bills (3)

Bill Number	Subject	Filed By	Relationship	Last Action and Location
H 143 (c2)	Florida Insurance Guaranty Association	Raburn	Compare	Last Action: 5/2/2014 H Died on Calendar Location: On 2nd Reading Calendar
H 375 (c1)	Insurance	Santiago	Compare	Last Action: 5/2/2014 S Died in returning Messages Location: In returning messages from House
S 346 (c1)	Florida Insurance Guaranty Association	Lee	Compare	Last Action: 5/2/2014 S Died in Commerce and Tourism Location: In committee/council (CM)

Citations - Statutes (10)

Citation	Catchline	Location in Bill Location In Bill Help
624.425	Agent countersignature required, property, casualty, surety insurance.	Page 2 (pdf)
627.727	Motor vehicle insurance; uninsured and underinsured vehicle coverage; insolvent insurer protection.	Page 16 (pdf)
627.7311	Effect of law on personal injury protection policies.	Page 3 (pdf)
627.902	Premium financing by an insurer or subsidiary.	Page 3 (pdf)
627.94072	Mandatory offers.	Page 4 (pdf)
629.271	Distribution of savings.	Page 4 (pdf)
631.54	Definitions.	Page 5 (pdf)
631.55	Creation of the association.	Page 16 (pdf)
631.57	Powers and duties of the association.	Page 5 (pdf)
631.64	Recognition of assessments in rates.	Page 15 (pdf)

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CS/SB 870, Committee Substitute 1 Posted 4/3/2014 at 6:34 PM

Bill Text:	Web Page \| PDF

Analyses:	Rules (Pre-Meeting) 4/17/2014 (pdf)

Related Bills (3)

Bill Number	Subject	Filed By	Relationship	Last Action and Location
H 143 (c2)	Florida Insurance Guaranty Association	Raburn	Compare	Last Action: 5/2/2014 H Died on Calendar Location: On 2nd Reading Calendar
H 375 (c1)	Insurance	Santiago	Compare	Last Action: 5/2/2014 S Died in returning Messages Location: In returning messages from House
S 346 (c1)	Florida Insurance Guaranty Association	Lee	Compare	Last Action: 5/2/2014 S Died in Commerce and Tourism Location: In committee/council (CM)

Committee Amendments (3)

Amendment	Sponsor	Filed	Last Committee Action	Format
752180 - Amendment Between lines 73 and 74 insert:	Rules (Richter)	4/21/2014 9:01 AM	Replaced by Substitute Amendment 4/21/2014	Web Page PDF
135002 - Substitute Amendment (752180) Between lines 73 and 74 insert:	Rules (Richter)	4/21/2014 1:23 PM	Replaced by Committee Substitute 4/21/2014	Web Page PDF
541096 - Amendment Delete lines 91 - 101 and insert:	Rules (Richter)	4/17/2014 10:16 AM	Replaced by Committee Substitute 4/21/2014	Web Page PDF

Committee Votes (1)

Date	Committee	Result
4/21/2014 1:00 PM	Rules	11 Yeas - 0 Nays

Citations - Statutes (9)

Citation	Catchline	Location in Bill Location In Bill Help
624.425	Agent countersignature required, property, casualty, surety insurance.	Page 2 (pdf)
627.727	Motor vehicle insurance; uninsured and underinsured vehicle coverage; insolvent insurer protection.	Page 15 (pdf)
627.7311	Effect of law on personal injury protection policies.	Page 2 (pdf)
627.94072	Mandatory offers.	Page 3 (pdf)
629.271	Distribution of savings.	Page 4 (pdf)
631.54	Definitions.	Page 4 (pdf)
631.55	Creation of the association.	Page 15 (pdf)
631.57	Powers and duties of the association.	Page 4 (pdf)
631.64	Recognition of assessments in rates.	Page 15 (pdf)

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SB 870, Original Filed Version Posted 2/5/2014 at 2:35 PM

Bill Text:	Web Page \| PDF

Analyses:	Banking and Insurance (Pre-Meeting) 3/10/2014 (pdf) Banking and Insurance (Post-Meeting) 3/11/2014 (pdf) Judiciary (Pre-Meeting) 3/24/2014 (pdf) Judiciary (Post-Meeting) 4/3/2014 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
H 375 (c1)	Insurance	Santiago	Compare	Last Action: 5/2/2014 S Died in returning Messages Location: In returning messages from House

Committee Amendments (4)

Amendment	Sponsor	Filed	Last Committee Action	Format
464780 - Amendment Between lines 33 and 34 insert:	Judiciary (Latvala)	3/24/2014 9:23 AM	Replaced by Committee Substitute 4/3/2014	Web Page PDF
486450 - Amendment Between lines 33 and 34 insert:	Judiciary (Joyner)	3/31/2014 9:58 AM	Replaced by Committee Substitute 4/3/2014	Web Page PDF
461328 - Amendment Between lines 33 and 34 insert:	Judiciary (Lee)	3/31/2014 9:58 AM	Replaced by Committee Substitute 4/3/2014	Web Page PDF
870110 - Amendment Between lines 33 and 34 insert:	Judiciary (Richter)	4/1/2014 8:33 AM (Late Filed)	Replaced by Committee Substitute 4/3/2014	Web Page PDF

Committee Votes (2)

Date	Committee	Result
3/11/2014 4:00 PM	Banking and Insurance	11 Yeas - 0 Nays
4/1/2014 9:00 AM	Judiciary	9 Yeas - 0 Nays

Citations - Statutes (1)

Citation	Catchline	Location in Bill Location In Bill Help
624.425	Agent countersignature required, property, casualty, surety insurance.	Page 1 (pdf)

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