Florida Senate - 2022                        COMMITTEE AMENDMENT
       Bill No. SB 1526
       
       
       
       
       
       
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                              LEGISLATIVE ACTION                        
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       The Committee on Banking and Insurance (Boyd) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 24 - 43
    4  and insert:
    5  beneficiaries of such payee contained within a court file
    6  relating to a proceeding for the approval of the transfer of
    7  structured settlement payment rights under s. 626.99296. Such
    8  information shall remain exempt from s. 119.07(1) and s. 24(a),
    9  Art. I of the State Constitution during the pendency of the
   10  transfer proceeding and for 6 months after the final court order
   11  approving, or not approving, the transferee’s application. This
   12  paragraph is subject to the Open Government Sunset Review Act in
   13  accordance with s. 119.15 and shall stand repealed on October 2,
   14  2027, unless reviewed and saved from repeal through reenactment
   15  by the Legislature.
   16         Section 2. The Legislature finds that it is a public
   17  necessity that the personal identifying information and annuity
   18  contract numbers of a payee of a structured settlement and the
   19  names of family members, dependents, and beneficiaries of such
   20  payee be made exempt from s. 119.07(1), Florida Statutes, and s.
   21  24(a), Article I of the State Constitution. Recipients of
   22  structured settlements have been targets of criminal and
   23  fraudulent acts based upon publicly available identifying
   24  information and are especially vulnerable during transfer
   25  proceedings to fraudulent actors purporting to be from
   26  legitimate entities. These fraudulent actors may use such
   27  information to intercept transfer payments or obtain other
   28  sensitive information, such as bank account and social security
   29  numbers. The Legislature finds that the harm that may result
   30  from the release of personal identifying information and annuity
   31  contract numbers of a payee of a structured settlement and the
   32  names of family members, dependents, and beneficiaries of such
   33  payee outweighs any public benefit that may be derived from the
   34  disclosure of such information during the specified period.
   35  
   36  ================= T I T L E  A M E N D M E N T ================
   37  And the title is amended as follows:
   38         Delete line 7
   39  and insert:
   40         members, dependents, and beneficiaries of such payee
   41         contained in the court records for a proceeding for
   42         the approval of the transfer of structured settlement
   43         payment rights; limiting such exemption to a specified
   44         period;