CS/HB 1023: Insolvent Insurers
GENERAL BILL by Commerce Committee ; Fabricio
Insolvent Insurers; Provides required factors to be used in determination & fixing of rates for premiums paid to insolvent insurers for specified coverages; authorizes insurers to elect not to recoup advance assessments paid to Florida Insurance Guaranty Association, Incorporated; provides calculations of insurers' assets under specified circumstances; revises provisions relating to payments of assessments & insurers' reconciliation reports to association; requires insurers to pay assessments to association, rather than to collect such assessments; specifies payments that certain insurers must make to association; requires insurers to treat insureds' failure to pay surcharges, rather than recoupment charges, as failure to pay premiums; provides that insurers are liable for surcharges & are not liable for uncollectible surcharges; removes requirement that insurers treat insureds' failure to pay emergency assessments as failure to pay premiums; revises provisions relating to insurers' collection of surcharges & payments of assessments to Florida Workers' Compensation Insurance Guaranty Association, Incorporated.
• Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
• 1st Reading (Original Filed Version)
• Added to Insurance & Banking Subcommittee agenda
• Favorable by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Now in State Administration & Technology Appropriations Subcommittee
• Added to State Administration & Technology Appropriations Subcommittee agenda
• Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
• Added to Commerce Committee agenda
• Favorable with CS by Commerce Committee
• Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
• Bill referred to House Calendar
• Added to Second Reading Calendar
• Bill added to Special Order Calendar (3/1/2022)
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
• Read 3rd time
• CS passed; YEAS 116, NAYS 0
• In Messages
• Referred to Appropriations -SJ 537
• Received -SJ 537
• Withdrawn from Appropriations -SJ 665
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1430 -SJ 665
• Read 2nd time -SJ 665
• Read 3rd time -SJ 665
• CS passed; YEAS 36 NAYS 0 -SJ 665
• In Messages
• Ordered enrolled
• Signed by Officers and presented to Governor
• Approved by Governor
• Chapter No. 2022-139
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