HB 329: Insurance Guaranty Associations
GENERAL BILL by Smith, D.
Insurance Guaranty Associations; Authorizes employee of Florida Insurance Guaranty Association or employee of guaranty association of another state to adjust losses for Florida Insurance Guaranty Association if certain conditions are met; revises calculation of insurers' initial payments to association; revises requirements for OIR in levying workers' compensation insurers; provides that insurer's direct written premium may not be reduced by certain amounts for purposes of determining insurer assessments or policyholder surcharges; revises requirements for remitting policy surcharges & assessments; provides that assessments paid by insurers constitute advances of funds to Florida Workers’ Compensation Insurance Guaranty Association.
Last Action: 3/10/2020 House - Laid on Table, companion bill(s) passed, see SB 540 (Ch. 2020-54) -HJ 1070
Bill Text: PDF
Date Chamber Action 10/10/2019 House • Filed
10/16/2019 House • Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee -HJ 30
10/30/2019 House • On Committee agenda-- Insurance and Banking Subcommittee, 11/06/19, 3:30 pm, Sumner Hall
11/6/2019 House • Favorable by Insurance and Banking Subcommittee; YEAS 14 NAYS 0 -HJ 285
• Now in Government Operations and Technology Appropriations Subcommittee -HJ 285
12/4/2019 House • On Committee agenda-- Government Operations and Technology Appropriations Subcommittee, 12/11/19, 12:30 pm, Morris Hall
12/5/2019 House • On Committee agenda-- Government Operations and Technology Appropriations Subcommittee, 12/12/19, 4:00 pm, Morris Hall -- Meeting Cancelled
12/11/2019 House • Favorable by Government Operations and Technology Appropriations Subcommittee; YEAS 8 NAYS 0 -HJ 317
12/12/2019 House • Now in Commerce Committee -HJ 317
1/14/2020 House • On Committee agenda-- Commerce Committee, 01/16/20, 2:30 pm, Webster Hall
• Introduced -HJ 30
1/16/2020 House • Favorable by- Commerce Committee; YEAS 22 NAYS 0 -HJ 402
1/17/2020 House • Placed on Calendar -HJ 403
3/10/2020 House • Laid on Table, companion bill(s) passed, see SB 540 (Ch. 2020-54) -HJ 1070
HB 329, Original Filed Version (Current Bill Version) Posted 10/10/2019 at 9:18 AM
Bill Text: Analyses: Insurance and Banking Subcommittee (Post-Meeting) 6/24/2020 (pdf)
Government Operations and Technology Appropriations Subcommittee (Post-Meeting) 12/12/2019 (pdf)
Commerce Committee (Post-Meeting) 1/17/2020 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 540 (er) Insurance Guaranty Associations Rader Identical Last Action: 6/22/2020 Chapter No. 2020-54
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 625.012 “Assets” defined. Page 10 (pdf) 626.8621 Page 2 (pdf) 631.54 Definitions. Page 3 (pdf) 631.57 Powers and duties of the association. Page 3 (pdf) 631.59 Duties and powers of department and office. Page 11 (pdf) 631.912 Board of directors. Page 11 (pdf) 631.914 Assessments. Page 12 (pdf)
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