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CS/CS/SB 468: Insurance

GENERAL BILL by Judiciary ; Banking and Insurance ; Perry ; (CO-INTRODUCERS) Broxson

Insurance; Redefining the term “covered policy” under the Florida Hurricane Catastrophe Fund in relation to certain collateral protection insurance policies; authorizing any association, trust, or pool created for the purpose of forming a risk management mechanism or providing self-insurance for a public entity to use communications media technology to establish a quorum and conduct public business; authorizing insurers to file certain insurance rating plans based on certain windstorm mitigation construction standards, if certain requirements are met, etc.

Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2022
Last Action: 3/14/2022 Senate - Died in returning Messages, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    10/13/2021 Senate • Filed
    10/21/2021 Senate • Referred to Banking and Insurance; Judiciary; Appropriations -SJ 27
    11/22/2021 Senate • On Committee agenda-- Banking and Insurance, 12/01/21, 8:30 am, 412 Knott Building
    12/1/2021 Senate • CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 96
    12/3/2021 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    12/6/2021 Senate • Now in Judiciary
    1/3/2022 Senate • On Committee agenda-- Judiciary, 01/10/22, 4:00 pm, 412 Knott Building
    1/10/2022 Senate • CS/CS by Judiciary; YEAS 10 NAYS 0 -SJ 95
    1/11/2022 Senate • Introduced -SJ 27
    • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS/CS by Judiciary read 1st time -SJ 91
    • CS by Banking and Insurance read 1st time -SJ 90
    1/12/2022 Senate • Now in Appropriations
    1/24/2022 Senate • On Committee agenda-- Appropriations, 01/27/22, 11:30 am, 412 Knott Building
    1/27/2022 Senate • Favorable by- Appropriations; YEAS 18 NAYS 0 -SJ 243
    1/28/2022 Senate • Placed on Calendar, on 2nd reading
    1/31/2022 Senate • Placed on Special Order Calendar, 02/03/22 -SJ 337
    2/3/2022 Senate • Read 2nd time -SJ 325
    • Amendment(s) adopted (167810) -SJ 326
    • Read 3rd time -SJ 328
    • CS passed as amended; YEAS 37 NAYS 0 -SJ 328
    • Immediately certified -SJ 337
    2/3/2022 House • In Messages
    3/7/2022 House • Bill referred to House Calendar
    • Bill added to Special Order Calendar (3/8/2022)
    • 1st Reading (Engrossed 1)
    3/8/2022 House • Read 2nd time
    • Amendment 221655 Failed
    • Amendment 224215 adopted
    • Placed on 3rd reading
    • Added to Third Reading Calendar
    3/9/2022 House • Read 3rd time
    • CS passed as amended; YEAS 94, NAYS 23
    3/10/2022 Senate • In returning messages
    3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
    3/14/2022 Senate • Died in returning Messages, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)

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  • CS/CS/SB 468, Engrossed 1 (Current Bill Version) Posted 2/3/2022 at 1:53 PM

    Bill Text:   Web Page | PDF
    Analyses:   House Message Summary (pdf)

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 503 (c2) Insurance Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)
    H 959 (er) Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138
    S 1058 (er) Property Insurer Reimbursements Hutson Compare Last Action: 5/23/2022 Chapter No. 2022-132
    S 1874 (c2) Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679

    Floor Amendments (3)

    Amendment Sponsor Filed Last Floor Action Format
    956541 - Amendment
    Remove lines 523-560 and insert:
    Hunschofsky 3/3/2022
    3:50 PM
    House: Withdrawn
    3/6/2022
    PDF
    224215 - Strike All Amendment
    Remove everything after the enacting clause and insert:
    Gregory 3/7/2022
    11:54 PM
    House: Adopted
    3/8/2022
    PDF
    hierarchy 221655 - Amendment to Amendment (224215)
    Remove lines 1110-1114 and insert:
    Jenne 3/8/2022
    9:05 AM
    House: Failed
    3/8/2022
    PDF

    Floor Votes (2)

    Date Chamber Result
    3/8/2022 11:34 PM House - Amendment 221655 42 Yeas - 71 Nays
    3/9/2022 9:06 PM House 94 Yeas - 23 Nays

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 5 (pdf)
    624.424 Annual statement and other information. Page 22 (pdf)
    624.46227 Page 6 (pdf)
    626.221 Examination requirement; exemptions. Page 6 (pdf)
    626.856 “Company employee adjuster” defined. Page 7 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 26 (pdf)
    626.8734 Nonresident all-lines adjuster license qualifications. Page 25 (pdf)
    627.062 Rate standards. Page 7 (pdf)
    627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 8 (pdf)
    627.0629 Residential property insurance; rate filings. Page 10 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 10 (pdf)
    627.351 Insurance risk apportionment plans. Page 10 (pdf), Page 23 (pdf)
    627.421 Delivery of policy. Page 15 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 16 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 17 (pdf)
    627.7152 Assignment agreements. Page 19 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 27 (pdf)
    627.7276 Notice of limited coverage. Page 20 (pdf)
    634.317 License and appointment required. Page 21 (pdf)
    634.419 License and appointment required. Page 21 (pdf)

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  • CS/CS/SB 468, Committee Substitute 2 Posted 1/11/2022 at 11:22 AM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Pre-Meeting) 1/26/2022 (pdf)
    Appropriations (Post-Meeting) 2/21/2022 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 503 (c1) Insurance Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)
    H 959 (c2) Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138
    S 1874 (c1) Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    571360 - Amendment
    Before line 73 insert:
    Appropriations
    (Brandes)
    1/26/2022
    11:22 AM
    Withdrawn
    1/27/2022
    Web Page
    PDF

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    167810 - Amendment
    Delete lines 214 - 565 and insert:
    Perry 2/2/2022
    1:54 PM
    Senate: Adopted
    2/3/2022
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/27/2022 11:30 AM Appropriations 18 Yeas - 0 Nays

    Floor Votes (1)

    Date Chamber Result
    2/3/2022 12:18 PM Senate 37 Yeas - 0 Nays

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 5 (pdf)
    624.424 Annual statement and other information. Page 21 (pdf)
    624.46227 Page 6 (pdf)
    626.221 Examination requirement; exemptions. Page 6 (pdf)
    626.856 “Company employee adjuster” defined. Page 7 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 26 (pdf)
    626.8734 Nonresident all-lines adjuster license qualifications. Page 25 (pdf)
    627.062 Rate standards. Page 7 (pdf)
    627.0629 Residential property insurance; rate filings. Page 8 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 8 (pdf)
    627.351 Insurance risk apportionment plans. Page 9 (pdf), Page 22 (pdf)
    627.421 Delivery of policy. Page 14 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 15 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 16 (pdf)
    627.7152 Assignment agreements. Page 17 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 26 (pdf)
    627.7276 Notice of limited coverage. Page 18 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 19 (pdf)
    634.317 License and appointment required. Page 20 (pdf)
    634.419 License and appointment required. Page 20 (pdf)

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  • CS/SB 468, Committee Substitute 1 Posted 12/3/2021 at 8:39 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 1/7/2022 (pdf)
    Judiciary (Post-Meeting) 1/11/2022 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 503 Insurance Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)
    H 959 Department of Financial Services Insurance and Banking Subcommittee Compare Last Action: 5/26/2022 Chapter No. 2022-138
    S 1874 Department of Financial Services Boyd Compare Last Action: 3/4/2022 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138) -SJ 679

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    174624 - Amendment
    Delete lines 142 - 468 and insert:
    Judiciary
    (Perry)
    1/7/2022
    3:50 PM
    Replaced by Committee Substitute
    1/10/2022
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/10/2022 4:00 PM Judiciary 10 Yeas - 0 Nays

    Citations - Statutes (20)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 5 (pdf)
    624.423 Serving process. Page 6 (pdf)
    624.424 Annual statement and other information. Page 20 (pdf)
    624.46227 Page 6 (pdf)
    626.856 “Company employee adjuster” defined. Page 6 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 24 (pdf)
    627.062 Rate standards. Page 7 (pdf)
    627.0629 Residential property insurance; rate filings. Page 7 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 8 (pdf)
    627.351 Insurance risk apportionment plans. Page 8 (pdf), Page 21 (pdf)
    627.421 Delivery of policy. Page 13 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 14 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 15 (pdf)
    627.7152 Assignment agreements. Page 16 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 25 (pdf)
    627.7276 Notice of limited coverage. Page 18 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 18 (pdf)
    634.317 License and appointment required. Page 19 (pdf)
    634.419 License and appointment required. Page 20 (pdf)

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  • SB 468, Original Filed Version Posted 10/13/2021 at 10:40 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 11/30/2021 (pdf)
    Banking and Insurance (Post-Meeting) 12/2/2021 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 503 Insurance Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/CS/CS/HB 959 (Ch. 2022-138), SB 1058 (Ch. 2022-132)

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    868608 - Amendment
    Delete line 470 and insert:
    Banking and Insurance
    (Perry)
    11/29/2021
    5:21 PM
    Replaced by Substitute Amendment
    12/1/2021
    Web Page
    PDF
    hierarchy 951404 - Substitute Amendment (868608)
    Delete line 470 and insert:
    Banking and Insurance
    (Perry)
    11/30/2021
    3:10 PM
    Replaced by Committee Substitute
    12/1/2021
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    12/1/2021 8:30 AM Banking and Insurance 9 Yeas - 0 Nays

    Citations - Statutes (20)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf)
    440.381 Application for coverage; reporting payroll; payroll audit procedures; penalties. Page 5 (pdf)
    624.423 Serving process. Page 6 (pdf)
    624.424 Annual statement and other information. Page 20 (pdf)
    624.46227 Page 6 (pdf)
    626.856 “Company employee adjuster” defined. Page 6 (pdf)
    626.865 Public adjuster’s qualifications, bond. Page 24 (pdf)
    627.062 Rate standards. Page 7 (pdf)
    627.0629 Residential property insurance; rate filings. Page 7 (pdf)
    627.0665 Automatic bank withdrawal agreements; notification required. Page 8 (pdf)
    627.351 Insurance risk apportionment plans. Page 8 (pdf), Page 21 (pdf)
    627.421 Delivery of policy. Page 13 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 14 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 15 (pdf)
    627.7152 Assignment agreements. Page 16 (pdf)
    627.7153 Policies restricting assignment of post-loss benefits under a property insurance policy. Page 25 (pdf)
    627.7276 Notice of limited coverage. Page 18 (pdf)
    634.171 Salesperson to be licensed and appointed. Page 18 (pdf)
    634.317 License and appointment required. Page 19 (pdf)
    634.419 License and appointment required. Page 20 (pdf)

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