The Florida Senate
BILL ANALYSIS AND FISCAL IMPACT STATEMENT
(This document is based on the provisions contained in the legislation as of the latest date listed below.)
Prepared By: The Professional Staff of the Committee on Banking and Insurance
BILL: SPB 7052
INTRODUCER: For consideration by the Banking and Insurance Committee
SUBJECT: Insurer Accountability
DATE: April 4, 2023
I. ANALYST STAFF DIRECTOR REFERENCE ACTION
1. Thomas Knudson Pre-meeting
II. Summary:
SPB 7052 is contains various provisions intended to increase consumer protection and insurer
accountability in this state.
Regarding insurance coverage the proposed bill:
Prohibits authorized and surplus lines insurers from cancelling a property insurance policy
during any pending claim until after repairs are complete;
Requires that Citizens cover property with open claims that are being handled by FIGA
(Florida Insurance Guaranty Association);
Prohibits the Office of Insurance Regulation (OIR) from waiving its review of policy forms
for 3 years for any insurer that has violated the Insurance Code;
Provides that the prohibition on applying any other deductible under the policy if a roof
deductible is applied encompasses any other loss to the property caused by the same covered
peril.
Tolls the time period for filing a property insurance claim during an insured’s active duty
military service; and
Clarifies legislative intent that Chapter 2022-271, Laws of Florida, passed during Special
Session A in December 2023, (SB 2-A [2022] on Property Insurance) shall not be construed
to impair any right under an insurance contract in effect on or before the effective date of that
chapter law (December 16, 2022).
Clarifies that the provisions of do not impair rights under policies in effect before the act’s
effective date.
Regarding rates charged for insurance, the proposed bill:
Requires that property insurance and motor vehicle rate filings must include, and the OIR
must consider in reviewing rates, the combined effect of recent legislative reforms;
REVISED: BILL: SPB 7052 Page 2
o Appropriates $500,000 from the Insurance Regulatory Trust Fund for OIR to obtain an
actuarial study to implement this requirement.
Requires that property insurance mitigation discounts be updated at least every 5 years and
insurers to provide consumer-friendly information on their website describing hurricane
mitigation discounts available to policyholders; and
Makes title insurance rates subject to OIR rate review.
Regarding insurer claims handling, the proposed bill:
Requires OIR to ensure liability insurers are complying with proper claims handling practices
by following specified best practices
Creates a 60-day prompt-pay law for non-PIP motor vehicle insurance claims similar to the
prompt pay law for residential property insurance claims;
Requires insurers to annually submit their claims manuals to the OIR and attest that the
manual comports to usual and customary industry claims handling practices; and
Strengthens the Unfair Insurance Trade Practices Act by:
o Prohibiting altering or amending an adjuster’s report without including a list of changes,
who made the change, and an explanation of a change that reduces coverage; and
o Prohibiting payment of bonuses to officers and directors while an insurer is impaired or
insolvent.
Regarding regulatory oversight of insurers, the bill:
Increases maximum administrative fines by 250 percent generally, and 500 percent for
violations stemming from a state of emergency such as a hurricane.
Requires insurers to more promptly respond to the Department of Financial Services (DFS)
Division of Consumer Services and increases fines for noncompliance.
Provides additional funding for the DFS Division of Consumer Services.
o Appropriates five positions with associated salary rate of 325,000 and the sum of
$494,774 in recurring funds and $23,410 in non-recurring funds to the DFS from the
Insurance Regulatory Trust Fund.
Specifies objective criteria to be used by OIR to:
o Prioritize necessary financial and market conduct examinations.
o Determine when payments to affiliates are excessive.
Provides conditions whereby the OIR must initiate a market conduct examination.
Requires insurers to report to the OIR any temporary suspension of writing new policies.
Applies the standard order that OIR issues to protect consumers after hurricanes to surplus
lines insurers.
Specifies that insurance fraud referrals may be made to the statewide prosecutor for crimes
that impact two or more judicial circuits.
Requires additional reporting from regulators regarding their enforcement actions.
See Section V. Fiscal Impact Statement.
The bill is effective July 1, 2023. BILL: SPB 7052 Page 3
III. Present Situation:
Department of Financial Services
The Department of Financial Services (DFS) has broad duties, including licensure and regulation
of insurance agents, agencies, and adjusters; insurance consumer assistance and protection; and
holding and attempting to return unclaimed property to its rightful owner.
1
The DFS has a
number of regulatory responsibilities over the Florida insurance market. The DFS regulates
insurance adjusters, which includes public adjusters, independent adjusters, and company
employee adjusters under Part VI, ch. 626, F.S. The DFS conducts insurance-related consumer
outreach through its Division of Consumer Services. The Division of Workers’ Compensation
within the DFS administers ch. 440, F.S., through enforcement of coverage requirements,
2
administration of workers’ compensation health care delivery system,
3
data collection,
4
and
assisting injured workers, employers, insurers, and providers in fulfilling their responsibilities
under ch. 440, F.S.
5
The DFS also administers insurer rehabilitation and liquidation in Florida
under part I of ch. 631, F.S.
DFS Division of Consumer Services
The Division of Consumer Services (Division) provides education, information, and assistance to
consumers for all products or services regulated by the DFS or the Financial Services
Commission (Commission).
6
The Division’s duties specifically include:
Receiving consumer questions and complaints;
Educating the public about insurance-related topics;
Providing mediation to resolve disputes between a consumer and insurance company; and
Serving as a conduit for referrals for further legal action by the DFS.
7
Section 624.307(10)(b), F.S., permits the Division to impose an administrative penalty on a
person who holds a license or certificate of authority from the DFS if that person fails to respond
to the Division’s request for information within 20 days. A licensed individual must produce any
requested documents not subject to attorney-client or work product privilege.
1
See, e.g., Department of Financial Services, What is the Purpose of the Department, https://oppaga.fl.gov/ (last accessed
April 2, 2023).
2
Section 440.107(3), F.S.
3
Section 440.13, F.S.
4
Sections 440.185 and 440.593, F.S.
5
Section 440.191, F.S.
6
DFS, Department of Financial Services Long Range Program Plan: Fiscal Years 2023-24 through 2027-28, 15 (Oct. 17,
2022), available at http://floridafiscalportal.state.fl.us/Document.aspx?ID=24407&DocType=PDF (last accessed April 2,
2023). See also, DFS, Consumer Guides,
https://www.myfloridacfo.com/Division/Consumers/understandingCoverage/Guides/Default.htm (last visited April 2, 2023).
7
Section 624.307(10)(a), F.S. BILL: SPB 7052 Page 4
Regulation of Insurance in Florida
The Office of Insurance Regulation (OIR) regulates specified insurance products, insurers and
other risk bearing entities in Florida.
8
As part of their regulatory oversight, the OIR may suspend
or revoke an insurer’s certificate of authority under certain conditions.
9
The OIR is responsible
for examining the affairs, transactions, accounts, records, and assets of each insurer that holds a
certificate of authority to transact insurance business in Florida.
10
As part of the examination
process, all persons being examined must make available to the OIR the accounts, records,
documents, files, information, assets, and matters in their possession or control that relate to the
subject of the examination.
11
The OIR is also authorized to conduct market conduct examinations
to determine compliance with applicable provisions of the Insurance Code.
12
Financial Examinations
The OIR is responsible for all activities concerning insurers and other risk-bearing entities such
as licensing, solvency, rates, and policy forms. Section 624.361, F.S., requires the OIR to
conduct financial examinations of insurers. The scope of the financial examination includes a
review of the affairs, records, transactions, accounting procedures and financial condition of an
insurer. The OIR is charged with conducting an exam once every five years, with the exception
of a domestic insurers that have held a certificate of authority for less than three years, which are
required to be examined on annual basis. The OIR is required to examine an insurer applying for
an initial certificate of authority prior to issuing the certificate of authority.
Market Conduct Exams
The OIR is authorized to perform a market conduct examination of, among other entities, any
authorized insurer.
13
The purpose of the examination is to determine the entity’s compliance with
Florida law.
14
The costs of the examination are to be paid by the subject entity.
15
Section
624.3161, F.S., authorizes the OIR to subject any authorized insurer to a market conduct
examination after a hurricane if the insurer:
Is among the top 20 percent of insurers based upon a calculation of the ratio of hurricane-
related property insurance claims filed to the number of property insurance policies in force;
Is among the top 20 percent of insurers based upon a calculation of the ratio of consumer
complaints made to the DFS to hurricane-related claims;
Has made significant payments to its managing general agent since the hurricane; or
Is identified by OIR as necessitating a market conduct exam for any other reason.
8
Section 20.121(3)(a), F.S. The Financial Services Commission, composed of the Governor, the Attorney General, the Chief
Financial Officer, and the Commissioner of Agriculture, serves as agency head of the Office of Insurance Regulation for
purposes of rulemaking. Further, the Financial Services Commission appoints the commissioner of the Office of Insurance
Regulation.
9
Section 624.418, F.S.
10
Section 624.316(1)(a), F.S.
11
Section 624.318(2), F.S.
12
Section 624.3161, F.S.
13
Section 624.3161(1), F.S.
14
Id.
15
Section 624.3161(4), F.S. BILL: SPB 7052 Page 5
The relevant criteria under ss. 624.3161 and s. 624.316, F.S., are to be applied to the market
conduct examination. The market conduct examination, if any, must be started within 18 months
after the landfall of the related hurricane. The insurer’s managing general agent must be included
in the market conduct examination as if it were the insurer.
If a market conduct examination reveals that the “insurer has exhibited a pattern or practice of
willful violations of an unfair insurance trade practice related to claims-handling which caused
harm to policyholders,” the OIR may order the insurer to file its claims-handling practices and
procedures with the OIR for review and inspection.
16
The practices and procedures are to be held
by the OIR for 36 months and are considered public records, not trade secrets, during the 36-
month period.
17
The term, “claims-handling practices and procedures,” is defined as “any
policies, guidelines, rules, protocols, standard operating procedures, instructions, or directives
that govern or guide how and the manner in which an insured’s claims for benefits under any
policy will be processed.”
18
Annual Report on Insurer Compliance
The OIR is required to submit an annual report to the Speaker and Minority Leader of the House
of Representatives, the President and Minority Leader of the Senate, the chairs of the legislative
committees with jurisdiction over matters of insurance, and the Governor.
19
The report is to
cover information from the preceding calendar year, the following:
Names of the authorized insurers transacting insurance in this state, with abstracts of their
financial statements including assets, liabilities, and net worth.
Names of insurers whose business was closed during the year, the cause thereof, and amounts
of assets and liabilities as ascertainable.
Names of insurers against which delinquency or similar proceedings were instituted and
related information.
The receipts and estimated expenses of the OIR.
Other pertinent information as the OIR deems to be in the public interest.
A compilation of the laws passed by the Legislature relating to insurance.
An analysis and summary report of the state of the insurance industry in Florida.
Administrative Fines
The OIR, through its ongoing oversight and examination process, determines whether insurance
companies are operating in compliance with the code. The OIR is authorized to impose
administrative fines in lieu of suspension or revocation if the OIR finds that one or more grounds
exist for the discretionary revocation or suspension of the certificate of authority.
20
The OIR may
impose an administrative fine, not to exceed $5,000, per nonwillful violation, with a limit of
$20,000 for all nonwillful violations arising out of the same action. With respect to any willful
16
Section 624.3161(6), F.S.
17
Id.
18
Id.
19
Section 624.315, F.S.
20
Section 624.4211, F.S. BILL: SPB 7052 Page 6
violation, the OIR is authorized to assess a fine, not to exceed $40,000 per violation and
$200,000 in aggregate for all willful violations arising out of the same action. Additionally, if an
insurer owes restitution due to a violation, the insurer must provide the restitution and include 12
percent interest from the date of the violation or the inception of the insured’s policy.
Financial Consideration or Payment by an Insurer to an Affiliate
All insurers with a Florida certificate of authority must file quarterly and annual reports with the
OIR containing various financial data, including audited financial statements, actuarial opinions,
and certain claims data.
21
Each year, insurers must file an annual statement covering the
preceding calendar year on or before March 1. Quarterly statements covering each period ending
on March 31, June 30, and September 30 must be filed within 45 days after each such date.
22
The OIR must make publicly available data detailing the number of policies, amount of
premium, number of cancellations, and other data for each property insurer on a statewide
basis.
23
The information must be published on the OIR website within one month after each
quarterly and annual filing.
24
This information is not a trade secret as defined in s. 688.002(4),
F.S., or s. 812.081, F.S., and is not subject to the public records exemption for trade secrets
provided in s. 119.0715, F.S.
25
Each insurer doing business in this state which pays a fee, commission, or other financial
consideration or payment to any affiliate directly or indirectly is required upon request to provide
to the OIR any information the OIR deems necessary. The fee, commission, or other financial
consideration or payment to any affiliate must be fair and reasonable. In determining whether the
fee, commission, or other financial consideration or payment is fair and reasonable, the OIR
must consider the actual cost of the service being provided.
26
Authority for Insurers in Unsound Financial Condition
Section 627.7154, F.S., establishes a property insurer stability unit (unit) within the OIR. The
purpose of the unit is to detect and prevent insurer insolvencies in the homeowners’ and
condominium unit owners’ insurance market. Specifically, the unit is to identify significant
concerns regarding insurer compliance with the insurance code. The unit must, at minimum:
Conduct target market exams when there is reason to believe that an insurer’s claims
practices, rate requirements, investment activities, or financial statements suggest said insurer
may be in an unsound financial condition.
Monitor closely all risk-based capital reports, own-risked solvency assessments, reinsurance
agreements, and financial statements filed by insurers.
Have primary responsibility, coordinating with Florida Commission on Hurricane Loss
Projection Methodology, to conduct annual catastrophe stress tests of all domestic insurers
and insurers that are commercially domiciled in this state.
21
Section 624.424, F.S.
22
Section 624.424(1)(a), F.S.
23
Section 624.424(10)(b), F.S.
24
Id.
25
Id.
26
Section 624.424(13), F.S BILL: SPB 7052 Page 7
Update required wind mitigation credits.
Review the causes of insolvency and business practices of insurers that have been referred to
the Division of Rehabilitation and Liquidation of the DFS, and make recommendations to
prevent future occurrences of such insurers.
File biannual reports on the status of the homeowners’ and condominium unit owners’
insurance market to the Governor, the President of the Senate, the Speaker of the House of
Representatives, the Minority Leader of the Senate, the Minority Leader of the House of
Representatives, and the chairs of the legislative committees with jurisdiction over matters of
insurance.
27
The section also specifies events that trigger a referral to the insurer stability unit. Expenses for
the unit are to be paid from the Insurance Regulatory Trust Fund, except that, if the unit
recommends that a market conduct examination or targeted market examination be conducted,
the reasonable cost of the examination must be paid by the person examined.
28
Unfair Insurance Claim Settlement Practices
Florida law prohibits a person from engaging in an unfair or deceptive act or practice involving
the business of insurance.
29
The definition of unfair or deceptive acts or practices includes, in
part, the following unfair claim settlement practices:
Attempting to settle claims on the basis of a document that was altered without knowledge or
consent of the insured;
A material misrepresentation made to an insured for the purpose and with the intent of
effecting settlement on less favorable terms than provided under the contract or policy;
Committing or performing with such frequency as to indicate a general business practice
certain acts, such as failing to adopt and implement standards for the proper investigation of
claims;
Failing to pay undisputed amounts of partial or full benefits owed under first-party property
insurance policies within 90 days after an insurer received notice of a residential property
insurance claim, determines the amounts of partial or full benefits, and agrees to coverage,
unless payment of the undisputed benefits is prevented by “an act of God, prevented by the
impossibility of performance, or due to actions by the insured or claimant that constitute
fraud, lack of cooperation, or intentional misrepresentation regarding the claim for which
benefits are owed.”
30
An insurer that violates these provisions is subject to a fine in an amount not greater than $5,000
for each nonwillful violation, not to exceed an aggregate amount of $20,000, and not greater than
$40,000 for each willful violation arising from the same action, not to exceed an aggregate
amount of $200,000.
31
27
Section 627.7154(3), F.S.
28
Section 627.7154(4), F.S.
29
Section 626.9521(1), F.S.
30
Section 626.9541(1)(i), F.S.
31
Section 626.9521(2), F.S. BILL: SPB 7052 Page 8
DFS Insurance Fraud Investigations
The Division of Investigative and Forensic Services investigates various types of insurance fraud
including Personal Injury Protection fraud, workers' compensation fraud, vehicle fraud,
application fraud, licensee fraud, homeowner's insurance fraud, and healthcare fraud.
32
The
Division is directed by statute to investigate fraudulent insurance acts, violations of the Unfair
Insurance Trade Practices Act,
33
false and fraudulent insurance claims,
34
and willful violations
of the Florida Insurance Code and rules adopted pursuant to the code.
35
The Division employs
sworn law enforcement officers to investigate insurance fraud.
Mitigation Discounts
Residential property insurance rate filings must account for mitigation measures undertaken by
policyholders to reduce hurricane losses.
36
Specifically, the rate filings must include actuarially
reasonable discounts, credits, or other rate differentials or appropriate reductions in deductibles
to consumers who implement windstorm damage mitigation techniques to their properties.
37
Upon their filing by an insurer or rating organization, the OIR determines the discounts, credits,
other rate differentials and appropriate reductions in deductibles that reflect the full actuarial
value of such revaluation,
38
which in turn may be used in rate filings under the rating law.
Windstorm mitigation measures that must be evaluated for purposes of mitigation discounts
include fixtures or construction techniques that enhance roof strength, roof covering
performance, roof-to-wall strength, wall-to-floor-to-foundation strength, opening protection, and
window, door, and skylight strength.
39
Citizens Property Insurance Corporation—Overview
Citizens Property Insurance Corporation (Citizens) is a state-created, not-for-profit, tax-exempt
governmental entity whose public purpose is to provide property insurance coverage to those
unable to find affordable coverage in the voluntary admitted market.
40
Citizens is not a private
insurance company.
41
Citizens was statutorily created in 2002 when the Florida Legislature
combined the state’s two insurers of last resort, the Florida Residential Property and Casualty
Joint Underwriting Association (RPCJUA) and the Florida Windstorm Underwriting Association
(FWUA).
42
Citizens offers property insurance through three different accounts: a personal lines
account, a commercial lines account, and a coastal account.
32
See https://myfloridacfo.com/Division/DIFS/ (last accessed April 2, 2023).
33
Section 626.9541, F.S.
34
Section 817.234, F.S.
35
Section 624.15, F.S.
36
Section 627.062(2)(j), F.S.
37
Section 627.0629(1), F.S.
38
Id.
39
Id.
40
The term “admitted market” means insurance companies licensed to transact insurance in Florida.
41
Section 627.351(6)(a)1., F.S.
42
Section 2, ch. 2002-240, Laws of Fla. BILL: SPB 7052 Page 9
Citizens operates in accordance with the provisions in s. 627.351(6), F.S., and is governed by an
eight member Board of Governors (board) that administers its Plan of Operations. The Plan of
Operations is reviewed and approved by the Financial Services Commission.
43
The Governor,
President of the Senate, Speaker of the House of Representatives, and Chief Financial Officer
each appoint two members to the board.
44
Citizens is subject to regulation by the OIR of
Insurance Regulation.
Form Review
Each insurer must file with the OIR their basic insurance policy or annuity contract forms and
any application form that is to be made a part of the policy or contract.
45
These forms may not be
delivered or issued for delivery unless the form has been filed with the OIR.
46
Notice of Cancellation, Nonrenewal, or Renewal of Insurance Policies
The requirements for an insurer to provide notice of cancellation, nonrenewal, or renewal
premium are set forth in s. 627.4133, F.S. The specific notice depends on the type of insurance
provided and the particular circumstances of the subject policy.
Insurers writing personal lines residential or commercial lines residential property insurance
policies are generally subject to the following requirements:
An insurer must give written notice of cancellation, nonrenewal, or termination at least 120
days prior to the effective date of the cancellation, nonrenewal, or termination and the
notice is required to include the reason for nonrenewal, cancellation, or termination;
47
and
An insurer must give written notice of renewal premium at least 45 days prior to the
renewal premium
48
and the notice of renewal premium must specify certain information,
including the dollar amount of any premium increase that is due to an approved rate
increase and the total dollar amount that is due to coverage changes.
49
Separate Roof Deductibles
An insurer issuing a personal lines residential property insurance policy may include in such
policy a separate roof deductible that meets all of the following requirements:
Allows property insurers to include in the policy a separate roof deductible of up to two
percent of the Coverage A limit of the policy or 50 percent of the cost to replace the roof.
The policyholder must also be offered the option to decline the roof deductible by signing a
form approved by the OIR. If a roof deductible is added to the policy at renewal, the insurer
must provide a notice of change in policy terms and allow the policyholder to decline the
separate roof deductible.
43
Section 627.351(6)(a)2., F.S.
44
Section 627.351(6)(c)4.a., F.S.
45
Section 627.410, F.S.
46
Id.
47
Section 627.4133(2)(b), F.S.
48
Section 627.4133(2)(a), F.S.
49
Section 627.4133(7), F.S. BILL: SPB 7052 Page 10
Requires that policyholders that select a roof deductible must receive an actuarially sound
premium credit or discount.
Provides that the roof deductible does not apply to:
o A total loss to the primary structure in accordance with the valued policy law under
s. 627.702, F.S., which is caused by a covered peril.
o A loss caused by a hurricane.
o A roof loss resulting from a tree fall or other hazard that damages the roof and punctures
the roof deck.
o A roof loss requiring the repair of less than 50 percent of the roof.
Specifies that when a roof deductible is applied, no other deductibles under the policy may be
applied.
Specifies that a roof deductible only applies to a claim adjusted on a replacement cost basis.
Authorizes an insurer to limit the claim payment for a roof to the actual cash value of the loss
to the roof until the insurer receives reasonable proof of payment by the policyholder of the
roof deductible.
Requires a roof deductible provision to be clear and unambiguous.
Requires the inclusion of the following disclosures:
o On the page immediately behind the declarations page, notice that a roof deductible may
result in high out-of-pocket expenses to the policyholder.
On the policy declarations page, prominent display of the actual dollar value of the roof
deductible at issuance and renewal. Allows an insurer to limit payment on a roof claim to
actual cash value until the policyholder pays the roof deductible.
50
Claim Handling – Late Payments
Florida’s property insurance prompt payment statute provides for an insurer’s
51
duty to
acknowledge, investigate, and settle payment of a claim, if appropriate, within certain
timeframes. These laws are meant to require insurance companies to make quick payments of
any claims filed and deter unnecessary delays.
The insurer must acknowledge a filed claim within 14 days of its submission,
52
and begin an
investigation, as is reasonably necessary, within 14 days after receiving a proof-of-loss
statement.
53
Within 90 days of receiving notice of the initial, reopened, or supplemental claim,
the insurer must either pay the claim in full, pay a portion of the claim, or deny the claim.
54,55
These provisions must be complied within the stated timeframes unless the failure is caused by
50
Section 627.701(10), F.S.
51
Section 627.70131(5), F.S., defines “insurer” as any residential property insurer.
52
Section 627.70131(1)(a), F.S.
53
Section 627.70131(3)(a), F.S.
54
Section 627.70131(7)(b), F.S., defines “claim”, for purposes of this subsection, as: 1. A claim under an insurance policy
providing residential coverage as defined in s. 627.4025(1), F.S.,; 2. A claim for structural or contents coverage under a
commercial property insurance policy if the insured structure is 10,000 square feet or less; or 3. A claim for contents
coverage under a commercial tenant policy if the insured premises is 10,000 square feet or less.
55
Section 627.70131(7)(a), F.S. BILL: SPB 7052 Page 11
factors beyond the control of the insurer which reasonably prevent the insurer from complying
with them.
56
Except for claims subject to a hurricane deductible, any physical inspection must be conducted
within 45 days after the insurer receives the proof-of-loss statement.
57
Within 7 days of assigning
an adjuster, the insurer must notify the insured that a request may be made for an estimate of the
amount of the loss. If a request is received, the insurer must send such estimate to the insured
within the later of 7 days after the insurer received the request or 7 days after the detailed
estimate is completed.
58
A licensed adjuster assigned to investigate a claim must provide a policyholder with written
notification of his or her name and state adjuster license number, and include it on any
subsequent communication with the policyholder.
59
An insurer must keep a record or log of each
adjuster who communicates with the policyholder and provide a list of such adjusters to the
insured, the OIR or the DFS upon request.
Notice of Property Insurance Claims
Section 627.70132, F.S., requires insureds to notify an insurer of a claim or reopened claim,
60
within 1 year after the date of loss.
61
Notice of a supplemental claim
62
must be given to the
insurer within 18 months of the date of loss or such claim is barred. Section 627.706(5), F.S.,
requires insureds to notify an insurer of a claim, supplemental claim, or reopened sinkhole claim
within 2 years after the insured knew or reasonably should have known about the loss.
OIR Emergency Order After Natural Disasters
The Financial Services Commission is required to adopt by rule standardized requirements that
may be applied to insurers after a hurricane or other natural disaster.
63
The rules shall address the
following areas:
Claims reporting requirements.
Grace periods for payment of premiums and performance of other duties by insureds.
Temporary postponement of cancellations and nonrenewals.
56
Section 627.70131(1)(a) and (3)(a), F.S.
57
Section 627.70131(3)(b), F.S.
58
Section 627.70131(3)(d), F.S.
59
Section 627.70131(3)(b) and (c), F.S.
60
Section 627.70132(1)(a), F.S., defines “reopened claim” as a claim that an insurer has previously closed, but that has been
reopened upon an insured’s request for additional costs for loss or damage previously disclosed to the insurer.
61
Section 627.702(3), F.S., provides that the date of loss for claims resulting from specified and other weather-related events,
such as hurricanes and tornadoes, is the date that the hurricane made landfall or the other weather-related event is verified by
the National Oceanic and Atmospheric Administration.
62
Section 627.70132(1)(b), F.S., defines “supplemental claim” as a claim for additional loss or damage from the same peril
which the insured has previously adjusted or for which costs have been incurred while completing repairs or replacement
pursuant to an open claim for which timely notice was previously provided to the insurer.
63
Section 627.7019(1), F.S. BILL: SPB 7052 Page 12
The rules must require the OIR to issue an order within 72 hours after the occurrence of a
hurricane or other natural disaster specifying which standardized requirements apply, the
geographic areas in which they apply, the time at which applicability commences, and the time at
which applicability terminates.
64
Title Insurance Rates
Title insurance rates are set by rule of the Financial Services Commission.
65
In adopting the
rates, the commission must consider the following:
66
The title insurers’ loss experience and prospective loss experience under closing protection
letters and policy liabilities.
A reasonable margin for underwriting profit and contingencies sufficient to allow title
insurers, agents, and agencies to earn a rate of return that will attract and retain adequate
capital investment in the title insurance business and maintain an efficient title insurance
delivery system.
Past expenses and prospective expenses for administration and handling of risks.
Liability for defalcation.
67
Other relevant factors.
IV. Effect of Proposed Changes:
DFS Division of Consumer Services
Section 1 amends s. 624.307, F.S., to:
Reduce insurer response time from 20 to 14 days upon a written request for documents and
information from the Division concerning a consumer complaint.
Increase fines for non-compliance to $5,000 per violation (from $2,500 per violation) on
entities and up to $1,000 per violation on a licensed individual (from a sliding scale of
$250/$500/$1,000 on individuals for a 1st/2nd/3rd+ violation).
Allow electronic responses upon a written request for documents and information from the
Division concerning a consumer complaint.
Annual Report on Insurer Compliance
Section 2 amends s. 624.315, F.S., to require an annual report by the OIR inspector general to
the Legislature and Cabinet regarding the agency’s actions to enforce insurer compliance.
Quarterly Reports of the OIR Action against Insurers
Section 3 creates s. 624.3512, F.S., to require that the OIR quarterly issue a report of all agency
actions taken against insurers. The report must identify the insurer, the violation, and the penalty.
64
Section 627.7019(2), F.S.
65
Section 627.782(1), F.S.
66
Section 627.782(2), F.S.
67
The act or an instance of embezzling; a failure to meet a promise or an expectation. https://www.merriam-
webster.com/dictionary/defalcation (last accessed March 31, 2023). BILL: SPB 7052 Page 13
The report must be submitted to the Financial Services Commission, the President of the Senate,
the Speaker of the House of Representatives, and the legislative committees with jurisdiction
over insurance matters.
Financial Examinations
Section 4 amends s. 624.316, F.S., to require the OIR to develop a risk-based selection
methodology for scheduling examinations of insurers. Such methodology must include:
Use of currently required risk-based capital reports to prioritize financial examinations of
insurers where such reporting indicates a decline in the insurer's financial condition.
Consideration of any downgrade or threatened downgrade in the insurer's financial strength
rating.
Prioritization of property insurers for which the OIR identifies significant concerns about an
insurer's solvency.
Any other conditions the OIR deems necessary for the protection of the public.
Market Conduct Exams
Section 5 amends s. 624.3161, F.S., to require the OIR to create a risk-based selection
methodology for scheduling and conducting market conduct examinations of insurers and other
entities regulated by the OIR. Under such methodology, the OIR must initiate a market conduct
examination if any of the following conditions exist:
An insurance regulator in another state has initiated or taken regulatory action against the
insurer or entity.
Given the insurer's market share in this state, the DFS or the OIR has received a
disproportionate number of claim handling complaints against the insurer.
Results of a NAIC Market Conduct Annual Statement that indicate an insurer is a negative
outlier with regard to particular metrics.
Evidence the insurer is engaged in a pattern or practice of violations of the Unfair Insurance
Trade Practices Act.
The insurer meets the criteria in s. 624.3161(7), F.S.
Any other conditions the OIR deems are necessary for the protection of the public.
Administrative Fines
Section 6 amends s. 624.4211, F.S., to increase caps in administrative fines to:
For violations related to a covered loss or claim arising out of a state of emergency:
o Non-willful violations – Up to $25,000 per violation with an aggregate up to $100,000
for violations arising out of the same action.
o Willful violations – Up to $200,000 per violation with an aggregate up to $1,000,000 for
violations arising out of the same action.
For all other violations:
o Non-willful violations – up to $12,500 and up to an aggregate $50,000 for violations
arising out of the same action.
o Willful violations – up to $100,000 and up to an aggregate $500,000 for violations arising
out of the same action. BILL: SPB 7052 Page 14
Financial Consideration or Payment by an Insurer to an Affiliate
Section 7 amends s. 624.424, F.S., to establish criteria for the OIR to consider when evaluating a
fee, commission, or other financial consideration or payment by an insurer to any affiliate is fair
and reasonable. The bill requires that in all instances the insurer must provide to the OIR
documentation supporting that the payment to the affiliate is fair and reasonable for the service
being provided. The criteria the office must consider in evaluating such payments include:
The actual cost of the services provided, and the cost of the service if provided by a non-
affiliate.
The relative financial condition of the insurer and the managing general agent.
The level of holding company debt and how debt is serviced.
The dividends paid by a managing general agent, and for what purpose.
Whether contract terms are in the best interest of policyholders.
For each agreement with an affiliate in force on July 1, 2023, each insurer must provide to the
OIR no later than October 1, 2023:
The cost incurred by the affiliate to provide each service;
The amount charged to the insurer for that service; and
The dollar amount of fees forgiven, waived, or reimbursed by the affiliate for the two most
recent preceding years.
Notice of Temporary Suspension of Writing New Business
Section 8 creates s. 624.4301, F.S., to require insurers to give written notice to the OIR before
any temporary suspension of writing new policies at least 20 business days before the effective
date of the suspension or 5 business days before notifying its agents, whichever is earlier. The
notice must specify the reason for and time period of the suspension and the proposed
communication to its agents.
Insurance Fraud – Licensure
Section 9 amends s. 626.207, F.S., to revise the DFS licensure suspension statutes to specify that
the 7-year disqualification period for misdemeanors applies to misdemeanors related to
Insurance Code violations, in addition to the current ground that the violation is directly related
to the financial services business.
Fines for Unfair Insurance Trade Practices
Section 10 amends s. 626.9521, F.S., to increase the fines for any person that violates the Unfair
Insurance Trade Practices Act. Fines for each nonwillful violation may not exceed $12,500 (up
from $5,000) and fines for each willful violation may not exceed $100,000 (up from $40,000).
Fines may not exceed an aggregate amount of $50,000 (up from $20,000) for all nonwillful
violations arising out of the same action or an aggregate amount of $500,000 (up from $200,000)
for all willful violations arising out of the same action.
BILL: SPB 7052 Page 15
Fines for “twisting” and for “churning” may not exceed $12,500 (up from $5,000) for each
nonwillful violation and may not exceed $187,500 (up from $75,000) for each willful violation.
Fines for willfully submitting fraudulent signatures on an application or policy-related document
may not exceed $12,500 (up from $5,000) for each nonwillful violation and may not exceed
$187,500 (up from $75,000) for each willful violation.
Fines for a violation related to a covered loss or claim caused by an emergency for which the
Governor declared a state of emergency may not exceed $25,000 for each nonwillful violation
and may not exceed $200,000 for each willful violation. Such fines may not exceed an aggregate
amount of $100,000 for all nonwillful violations arising out of the same action or an aggregate
amount of $1,000,000 for all willful violations arising out of the same action.
Unfair Insurance Claims Settlement Practices
Section 11 amends s. 626.9541, F.S., to provide that it is an unfair claims settlement practice to,
with such frequency as to indicate a general business practice, alter or amend an insurance
adjuster's report without including on the report or as an addendum to the report a detailed list of
all changes made to the report and the identity of the person who ordered each change. Any
change that has the effect of reducing the estimate of the loss must include a detailed explanation
why such change was made.
The bill provides that it is an unfair insurance trade practice for a director or an officer of an
impaired insurer to or permit the insurer to pay a bonus to any officer or director of the insurer.
Claim Settlement Practices Relating to Motor Vehicle Insurance
Section 12 amends s. 626.9743, F.S., to create a prompt-pay law for first-party and third-party
motor vehicle insurance claims, including those with a surplus lines insurer, which mirrors the
law for residential property insurance claims. The bill provides that:
Upon an insurer's receiving a communication with respect to a claim, the insurer must, within
7 calendar days, review and acknowledge receipt of such communication unless payment is
made within that period of time or unless the failure to acknowledge is caused by factors
beyond the control of the insurer. If the acknowledgment is not in writing, a notification
indicating acknowledgement shall be made in the insurer's claim file and dated. The
acknowledgment must be responsive to the communication.
Unless otherwise provided by the policy of insurance or by law, within 7 days after an
insurer receives proof-of-loss statements, the insurer must begin such investigation as is
reasonably necessary unless the failure to begin such investigation is caused by factors
beyond the control of the insurer.
o If such investigation involves a physical inspection of the motor vehicle, the licensed
adjuster assigned by the insurer must provide the policyholder with a printed or electronic
document containing his or her name and state adjuster license number. An insurer must
conduct any such physical inspection within 7 days after its receipt of the proof-of-loss
statements.
o Any subsequent communication with the policyholder regarding the claim must also
include the name and license number of the adjuster communicating about the claim. BILL: SPB 7052 Page 16
Communication of the adjuster's name and license number may be included with other
information provided to the policyholder.
o An insurer may use electronic methods to investigate the loss. An insurer may void the
insurance policy if the policyholder or any other person at the direction of the
policyholder commits insurance fraud.
o The insurer must send the policyholder a copy of any detailed estimate of the amount of
the loss within 7 days after the estimate is generated by an insurer's adjuster.
An insurer shall maintain:
o A record or log of each adjuster who communicates with the policyholder as provided in
paragraphs (3)(b) and (c) and provide a list of such adjusters to the insured, the OIR, or
the DFS upon request.
o Claim records, including dates of:
Any claim-related communication made between the insurer and the policyholder or
the policyholder's representative;
The insurer's receipt of the policyholder's proof of loss statement;
Any claim-related request for information made by the insurer to the policyholder or
the policyholder's representative;
Any claim-related inspections of the property made by the insurer, including physical
inspections and inspections made by electronic means;
Any detailed estimate of the amount of the loss generated by the insurer's adjuster;
The beginning and end of any tolling period provided for in subsection (8); and
The insurer's payment or denial of the claim.
When providing a preliminary or partial estimate of damage regarding a claim, an insurer
shall include with the estimate the following statement printed in at least 12-point bold,
uppercase type: THIS ESTIMATE REPRESENTS OUR CURRENT EVLAUATION OF
THE COVERED DAMAGES TO YOUR INSURED PROPERTY AND MAY BE
REVISED AS WE CONTINUE TO EVALUATE Y OUR CLAIM. IF YOU HAVE
QUESTIONS, CONCERNS, OR ADDITIONAL INFORMATION REGARDING YOUR
CLAIM, WE ENCOURAGE YOU TO CONTACT US.
When providing a payment on a claim which is not the full and final payment for the claim,
an insurer shall include with the payment the following statement printed in at least 12-point
bold, uppercase type: WE ARE CONTINUING TO EVALUATE YOUR CLAIM
INVOLVING YOUR INSURED PROPERTY AND MAY ISSUE ADDITIONAL
PAYMENTS. IF YOU HAVE QUESTIONS, CONCERNS, OR ADDITIONAL
INFORMATION REGARDING YOU R CLAIM, WE ENCOURAGE YOU TO CONTACT
US.
Within 60 days after an insurer receives notice of an initial, or supplemental motor vehicle
claim, the insurer must pay or deny such claim or a portion of the claim unless the failure to
pay is caused by factors beyond the control of the insurer. The insurer must provide a
reasonable explanation in writing to the policyholder of the basis for the payment, denial, or
partial denial of a claim. If the insurer's claim payment is less than specified in any insurer's
detailed estimate of the amount of the loss, the insurer must provide a reasonable explanation
in writing of the difference to the policyholder.
The requirements of this section are tolled:
o During the pendency of any mediation proceeding under s. 627.745, F.S., or any
alternative dispute resolution proceeding provided for in the insurance contract. BILL: SPB 7052 Page 17
o Upon the failure of a policyholder or a representative of the policyholder to provide
material claims information requested by the insurer within 10 days after the request was
received.
DFS Insurance Fraud Investigations
Section 13 amends s. 626.989, F.S., to provide that insurance fraud referrals may be made by the
DFS to the statewide prosecutor for crimes that impact two or more judicial circuits.
The bill directs the Division of Investigative and Forensic Services, Bureau of Insurance Fraud,
within the DFS, to submit a performance report to the President of the Senate and the Speaker of
the House of Representatives by January 1 of each year. The report is to include at least:
The total number of initial referrals received, cases opened, cases presented for prosecution,
cases closed, and convictions resulting from cases presented for prosecution by the Bureau of
Insurance Fraud by type of insurance fraud and circuit.
The number of referrals received from insurers and the outcome of those referrals.
The number of investigations undertaken by the Bureau of Insurance Fraud which were not
the result of a referral from an insurer and the outcome of those referrals.
The number of investigations that resulted in a referral to a regulatory agency and the
disposition of those referrals.
The number and reasons provided by local prosecutors or the statewide prosecutor for
declining prosecution of a case presented by the Bureau of Insurance fraud.
The total number of employees assigned to the Bureau of Insurance Fraud delineated by
location of staff assigned; and the number and location of employees assigned to the Bureau
of Insurance Fraud who were assigned to work other types of fraud cases.
The average caseload and turnaround time by type of case for each investigator.
The training provided during the year to insurance fraud investigators.
Mitigation Discounts
Section 14 amends s. 627.0629, F.S., to require insurers to provide information on their website
describing the hurricane mitigation discounts available to policyholders. The bill further provides
that on or before January 1, 2025, and every five years thereafter, the OIR reevaluate and update
the fixtures or construction techniques demonstrated to reduce the amount of loss in a windstorm
and the discounts, credits, other rate differentials, and reductions in deductibles that reflect the
full actuarial value of such fixtures or construction techniques.
Insurance of Policies with Claims of Insolvent Insurers
Section 15 amends s. 627.351, F.S., to provide that the Citizens Property Insurance Corporation
may not determine that a risk is ineligible for coverage with the corporation solely because such
risk has unrepaired damage caused by a covered loss that is the subject of a claim that has been
filed with the Florida Insurance Guaranty Association.
Form Review
BILL: SPB 7052 Page 18
Section 16 amends s. 627.410, F.S., to provide that the OIR may not waive review of the
insurance documents or forms of any insurer whom the OIR enters a final order determining that
such insurer violated any provision of the Insurance Code for a period of 36 months after the
date of such order.
Claims Handling Manuals
Section 17 creates s. 627.4108, F.S., to require each insurer to annually submit their claims
handling manuals to the OIR and attest that the manuals comply with the Insurance Code and
comport to usual and customary industry claims handling practices and that the company has
adequate resources to implement the manual, including during a catastrophic event.
The bill provides that the Commission may adopt emergency rules to implement this section.
Cancellation during Pending Claims
Section 18 amends s. 627.4133, F.S., to provide that an authorized insurer or surplus lines
insurer may not cancel or nonrenew a personal residential or commercial residential property
insurance policy covering a dwelling or residential property if such property was not damaged as
a result of a hurricane or wind loss that is the subject of the declaration of emergency, then until
the dwelling or residential property has been repaired, if such property was damaged by any
covered peril.
The bill applies to surplus lines insurers the currently existing prohibition against cancelling or
nonrenewing such policies for a period of 90 days after the dwelling or residential property has
been repaired, if such property which has been damaged as a result of a hurricane or wind loss
that is the subject of the declaration of emergency.
Administration of Claims
Section 19 amends s. 627.426, F.S., relating to the administration of claims, to require the OIR
to ensure that each liability insurer, upon receiving actual notice of an incident or a loss that
could give rise to a covered liability claim under an insurance policy:
Assigns a duly licensed and appointed insurance adjuster to investigate the extent of the
insured’s probable exposure and diligently attempt to resolve any questions concerning the
existence or extent of the insured’s coverage.
Based on available information, ethically evaluates every claim fairly, honestly, and with due
regard for the interests of the insured; considers the extent of the claimant’s recoverable
damages; and considers the information in a reasonable and prudent manner.
Requests from the insured or claimant additional relevant information the insurer reasonably
deems necessary to evaluate whether to settle a claim.
Conducts all oral and written communications with the insured with the utmost honesty and
complete candor.
Makes reasonable efforts to explain to persons not represented by counsel matters requiring
expertise beyond the level normally expected of a layperson with no training in insurance or
claims-handling issues. BILL: SPB 7052 Page 19
Retains all written communications and notes and retains a summary of all verbal
communications in a reasonable manner for a period of not less than 5 years after the later of
the entry of a judgment against the insured in excess of policy limits becomes final, or the
conclusion of the extracontractual claim, if any, including any related appeals.
Provides the insured, upon request, with all communications related to the insurer’s handling
of the claim which are not privileged as to the insured.
Provides, at the insurer’s expense, reasonable accommodations necessary to communicate
effectively with an insured covered under the Americans with Disabilities Act.
In handling third-party claims, communicates to an insured the identity of any other person
or entity the insurer has reason to believe may be liable; the insurer’s evaluation of the claim;
the likelihood and possible extent of an excess judgment; steps the insured can take to avoid
exposure to an excess judgment, including the right to secure personal counsel at the
insured’s expense; and the insured’s duty to cooperate with the insurer, including any
specific requests required because of a settlement opportunity or by the insurer in accordance
with the policy, the purpose of the required cooperation, and the consequences of refusing to
cooperate; and any settlement demands or offers.
If, after the expiration of the safe harbor periods in s. 624.155(4) or (6), F.S., as applicable,
the facts available to the insurer indicate that the insured’s liability is likely to exceed the
policy limits, initiates settlement negotiations by tendering its policy limits to the claimant in
exchange for a general release of the insured.
Gives fair consideration to a settlement offer that is not unreasonable under the facts
available to the insurer and failure to settle, if possible, when a reasonably prudent person,
faced with the prospect of paying the total probable exposure of the insured, would do so.
The insurer must provide reasonable assistance to the insured to comply with the insured’s
obligations to cooperate and act reasonably to attempt to satisfy any conditions of a
claimant’s settlement offer. If it is not possible to settle a liability claim within the available
policy limits, the insurer must act reasonably to attempt to minimize the excess exposure to
the insured.
When multiple claims arise out of a single occurrence, the combined value of all claims
exceeds the total of all applicable policy limits, and the claimants are unwilling to globally
settle within the policy limits, thereafter, attempts to minimize the magnitude of possible
excess judgments against the insured. The insurer is entitled to great discretion to decide how
much to offer each respective claimant in its attempt to protect the insured. The insurer may,
in its effort to minimize the excess liability of the insured, use its discretion to offer the full
available policy limits to one or more claimants to the exclusion of other claimants and may
leave the insured exposed to some liability after all the policy limits are paid. An insurer does
not violate this section simply because it is unable to settle all claims in a multiple claimant
case.
When a loss creates the potential for a third-party claim against more than one insured,
attempts to settle the claim on behalf of all insureds against whom a claim may be presented.
If it is not possible to settle on behalf of all insureds, the insurer, in consultation with the
insureds, must attempt to enter into reasonable settlements of claims against certain insureds
to the exclusion of other insureds.
Responds to any request for insurance information in compliance with s. 626.9372 or s.
627.4137, F.S., as applicable. BILL: SPB 7052 Page 20
Where it appears the insured’s probable exposure is greater than policy limits, takes
reasonable measures to preserve, for a reasonable period of time, evidence that is needed for
the defense of the liability claim.
Complies with s. 627.426, F.S., if applicable; or
Complies with any other provision of this act.
Violations of this section constitute violations of the Florida Insurance Code and are subject to
any applicable enforcement provisions.
Roof Deductibles
Section 20 amends s. 627.701(10), F.S., to provide that if a roof deductible is applied, no other
deductible under the policy may be applied to the loss “or to any other loss to the property
caused by the same covered peril.”
Notice of Property Insurance Claims
Section 21 amends s. 627.70132, F.S., to toll the time period for filing a property insurance
claim during an insured’s active duty military service.
OIR Emergency Order after Natural Disasters
Section 22 amends s. 627.7019, F.S., to provide that such orders apply to surplus lines insurers.
Title Insurance Rates
Section 23 amends s. 627.782, F.S., to provide that title insurers must file their rates with the
OIR to ensure they are not inadequate, excessive, or unfairly discriminatory. Removes the
authority for the Commission to set the rates by rule.
Legislative Intent
Section 24 provides legislative intent that Chapter 2022-271, Laws of Florida, passed during
Special Session A in December 2023, shall not be construed to impair any right under an
insurance contract in effect on or before the effective date of that chapter law (December 16,
2022). The bill provides that to the extent that Chapter 2022-271, Laws of Florida, affects a right
under an insurance contract, that chapter law applies to an insurance contract issued or renewed
after the effective date of that chapter law. This section is intended to clarify existing law and is
remedial in nature.
Insurance Rates - Change in Law
Section 25 requires that every residential property insurer rate filing and every motor vehicle
insurer rate filing must reflect, and the OIR must consider in reviewing rates, an actuarially
anticipated impact on the frequency and severity of claims and associated loss adjustment
expenses due to the combined effect of revisions made by:
Chapter 2021-77, L.O.F. (SB 76 – 2021); BILL: SPB 7052 Page 21
Chapter 2022-268, L.O.F. (SB 2-D - 2022);
Chapter 2022-271, L.O.F. (SB 2-A - 2022); and
Chapter 2023-15, L.O.F. (HB 837 - 2023).
Authorizes the OIR to develop presumed factor(s) to evaluate the effects of the bills. The bill
appropriates $500,000 from the Insurance Regulatory Trust Fund for the OIR to obtain an
actuarial study.
DFS Program Funding
Section 26 appropriates five positions with associated salary rate of 325,000 and the sum of
$494,774 in recurring funds and $23,410 in non-recurring funds from the Insurance Regulatory
Trust Fund to the DFS to implement the bill.
Effective Date
Section 27 provides an effective date of July 1, 2023.
V. Constitutional Issues:
A. Municipality/County Mandates Restrictions:
None.
B. Public Records/Open Meetings Issues:
None.
C. Trust Funds Restrictions:
None.
D. State Tax or Fee Increases:
None.
E. Other Constitutional Issues:
None.
VI. Fiscal Impact Statement:
A. Tax/Fee Issues:
None. BILL: SPB 7052 Page 22
B. Private Sector Impact:
The bill should have a positive impact on individuals and businesses whose premiums for
property insurance and motor vehicle insurance will include consideration the impact of
recent legislative reforms on projected losses. Property insurance customers should
benefit from more frequent updates to mitigation credits and greater public awareness of
their availability. Title insurance customers should benefit from full OIR review of rates
to ensure they are not excessive, inadequate, or unfairly discriminatory.
The additional reporting requirements created by the bill will have an indeterminate
impact on insurers.
C. Government Sector Impact:
The bill appropriates $500,000 from the Insurance Regulatory Trust Fund for the OIR to
obtain an actuarial study.
The bill appropriates five positions with associated salary rate of 325,000 and the sum of
$494,774 in recurring funds and $23,410 in non-recurring funds from the Insurance
Regulatory Trust Fund to the DFS to implement the bill.
VII. Technical Deficiencies:
None.
VIII. Related Issues:
None.
IX. Statutes Affected:
This bill substantially amends the following sections of the Florida Statutes: 624.307, 624.315,
624,316, 624.3161, 624.4211, 624.424, 626.207, 626.9521, 626.9541, 626.9743, 626.989,
627.0629, 627.351, 627.410, 627.4133, 627.426, 627.701, 627.70132, 627.7019, and 627.782.
This bill creates the following sections of the Florida Statutes: 624.3512, 624.4301, and
627.4108.
X. Additional Information:
A. Committee Substitute – Statement of Changes:
(Summarizing differences between the Committee Substitute and the prior version of the bill.)
None.
B. Amendments:
None. BILL: SPB 7052 Page 23
This Senate Bill Analysis does not reflect the intent or official position of the bill’s introducer or the Florida Senate.