Florida Senate - 2009 CS for SB 1758
By the Committee on General Government Appropriations; and
Senator Baker
601-04008-09 20091758c1
1 A bill to be entitled
2 An act relating to insurance; amending s. 624.523,
3 F.S.; revising the list of items from which payments
4 received are deposited into the Insurance Regulatory
5 Trust Fund; amending ss. 626.932 and 626.938, F.S.;
6 deleting provisions relating to the distribution of
7 certain collected taxes and interest; providing for
8 the reversion as of a specified date of the statutory
9 text of certain provisions relating to the
10 distribution of collected taxes and interest;
11 providing an effective date.
12
13 Be It Enacted by the Legislature of the State of Florida:
14
15 Section 1. Subsection (1) of section 624.523, Florida
16 Statutes, is amended to read:
17 624.523 Insurance Regulatory Trust Fund.—
18 (1) There is created in the State Treasury a trust fund
19 designated “Insurance Regulatory Trust Fund” to which shall be
20 credited all payments received on account of the following
21 items:
22 (a) All fines, monetary penalties, and costs imposed upon
23 persons by the department or the office as authorized by law for
24 violation of the laws of this state.
25 (b) Any sums received for copies of the stenographic record
26 of hearings, as authorized by law.
27 (c) All sums received under s. 624.404(5).
28 (d) All sums received under s. 624.5091, as provided in
29 subsection (5) thereof.
30 (e) All payments received on account of items provided for
31 under respective provisions of s. 624.501, as follows:
32 1. Subsection (1) (certificate of authority of insurer).
33 2. Subsection (2) (charter documents of insurer).
34 3. Subsection (3) (annual license tax of insurer).
35 4. Subsection (4) (annual statement of insurer).
36 5. Subsection (5) (application fee for insurance
37 representatives).
38 6. The “appointment fee” portion of any appointment
39 provided for under paragraphs (6)(a) and (b) (insurance
40 representatives, property, marine, casualty and surety
41 insurance, and agents).
42 7. Paragraph (6)(c) (nonresident agents).
43 8. Paragraph (6)(d) (service representatives).
44 9. The “appointment fee” portion of any appointment
45 provided for under paragraph (7)(a) (life insurance agents,
46 original appointment, and renewal or continuation of
47 appointment).
48 10. Paragraph (7)(b) (nonresident agent license).
49 11. The “appointment fee” portion of any appointment
50 provided for under paragraph (8)(a) (health insurance agents,
51 agent’s appointment, and renewal or continuation fee).
52 12. Paragraph (8)(b) (nonresident agent appointment).
53 13. The “appointment fee” portion of any appointment
54 provided for under subsections (9) and (10) (limited licenses
55 and fraternal benefit society agents).
56 14. Subsection (11) (vending machines).
57 15. Subsection (12) (surplus lines agent).
58 16. Subsection (13) (adjusters’ appointment).
59 17. Subsection (14) (examination fee).
60 18. Subsection (15) (temporary license and appointment as
61 agent or adjuster).
62 19. Subsection (16) (reissuance, reinstatement, etc.).
63 20. Subsection (17) (additional license continuation fees).
64 21. Subsection (18) (filing application for permit to form
65 insurer).
66 22. Subsection (19) (license fee of rating organization).
67 23. Subsection (20) (miscellaneous services).
68 24. Subsection (21) (insurance agencies).
69 (f) All payments received on account of actuarial and other
70 services in the valuation or computation of the reserves of life
71 insurers pursuant to s. 625.121(2).
72 (g) All sums received under ss. 626.711 and 626.743.
73 (h) Sums received under s. 626.932, as provided in
74 subsection (5) thereof.
75 (i) Sums received under s. 626.938, as provided in
76 subsection (7) thereof.
77 (h)(j) All sums received under s. 627.828.
78 (i)(k) All sums received from motor vehicle service
79 agreement companies under s. 634.221.
80 (j)(l) All sums received under s. 648.27 (bail bond agent,
81 limited surety agent, continuation fee), the “appointment fee”
82 portion of any license or permit provided for under s. 648.31,
83 and the application fees provided for under s. 648.34(3).
84 (k)(m) All sums received under s. 651.015.
85 (l)(n) All sums received by the Chief Financial Officer or
86 the director of the office as fees for her or his services as
87 service-of-process agent.
88 (m)(o) All state tax portions of agents’ licenses collected
89 under s. 624.501.
90 Section 2. Subsection (5) of section 626.932, Florida
91 Statutes, is amended to read:
92 626.932 Surplus lines tax.—
93 (5) The department shall deposit 15.74 percent of all taxes
94 collected under this section to the credit of the Insurance
95 Regulatory Trust Fund. Eighty-four and twenty-six hundredths
96 percent of all Taxes collected under this section shall be
97 deposited into the General Revenue Fund.
98 Section 3. Subsection (7) of section 626.938, Florida
99 Statutes, is amended to read:
100 626.938 Report and tax of independently procured
101 coverages.—
102 (7) The department shall deposit 15.74 percent of all taxes
103 and interest collected under this section to the credit of the
104 Insurance Regulatory Trust Fund. Eighty-four and twenty-six
105 hundredths percent of all Taxes and interest collected under
106 this section shall be deposited into the General Revenue Fund.
107 Section 4. The amendments of s. 626.932(5) and s.
108 626.938(7), Florida Statutes, made by this act shall expire July
109 1, 2014, and the text of those subsections shall revert to that
110 in existence on June 30, 2009, except that any amendments to
111 such text enacted other than by this act shall be preserved and
112 continue to operate to the extent that such amendments are not
113 dependent upon the portions of such text which expire pursuant
114 to this section.
115 Section 5. This act shall take effect July 1, 2009.