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The Florida Senate

SB 540: Insurance Guaranty Associations

GENERAL BILL by Rader

Insurance Guaranty Associations; Authorizing certain guaranty association employees to adjust losses for the Florida Insurance Guaranty Association if certain conditions are met; redefining the term “net direct written premiums” as “direct written premiums” and revising the definition of that term; deleting a calculation of initial estimated assessments levied by the Office of Insurance Regulation on insurers in the Florida Insurance Guaranty Association; deleting a calculation of initial estimated assessments levied by the office on insurers in the Florida Workers’ Compensation Insurance Guaranty Association, etc.

Effective Date: 7/1/2020
Last Action: 11/12/2019 Senate - Now in Appropriations Subcommittee on Agriculture, Environment, and General Government
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
10/16/2019 Senate • Filed
11/1/2019 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations
11/5/2019 Senate • On Committee agenda-- Banking and Insurance, 11/12/19, 1:30 pm, 412 Knott Building
11/12/2019 Senate • Favorable by Banking and Insurance; YEAS 7 NAYS 0
• Now in Appropriations Subcommittee on Agriculture, Environment, and General Government