Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

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.

Effective Date: 7/1/2022
Last Action: 5/26/2022 - Chapter No. 2022-139
Bill Text: PDF



Bill History

Date Chamber Action
12/27/2021 House • Filed
1/7/2022 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/11/2022 House • 1st Reading (Original Filed Version)
1/25/2022 House • Added to Insurance & Banking Subcommittee agenda
1/27/2022 House • Favorable by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Now in State Administration & Technology Appropriations Subcommittee
2/4/2022 House • Added to State Administration & Technology Appropriations Subcommittee agenda
2/8/2022 House • Favorable by State Administration & Technology Appropriations Subcommittee
• Reported out of State Administration & Technology Appropriations Subcommittee
• Now in Commerce Committee
2/15/2022 House • Added to Commerce Committee agenda
2/17/2022 House • 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)
2/18/2022 House • Bill referred to House Calendar
• Added to Second Reading Calendar
2/24/2022 House • Bill added to Special Order Calendar (3/1/2022)
3/1/2022 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/2/2022 House • Read 3rd time
• CS passed; YEAS 116, NAYS 0
3/2/2022 Senate • In Messages
• Referred to Appropriations -SJ 537
• Received -SJ 537
3/4/2022 Senate • 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
3/4/2022 House • In Messages
• Ordered enrolled
5/20/2022 • Signed by Officers and presented to Governor
5/25/2022 • Approved by Governor
5/26/2022 • Chapter No. 2022-139