Category: Legislative Updates

  Above:  Florida House Speaker-Designate Steve Crisafulli   Florida House of Representatives’ Speaker-Designate Steve Crisafulli (R-Merritt Island) announced today, October 16, 2014, that he has chosen State Representative Matt Hudson (R-Naples) as his nominee for Speaker Pro-Tempore, and has appointed …

  Two linked Florida bills that adopt National Association of Insurance Commissioners (“NAIC”) accreditation standards for insurer solvency became effective yesterday, October 1, 2014, unless otherwise provided. Sponsored by Senator David Simmons, CS/CS SB 1308 amends existing Florida law relating …

  Today, July 17, 2014, the United States Senate approved S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014 (“TRIA”), by a strong bipartisan vote of 93-4.  This bill extends the existing TRIA program for seven years while …

  Virtual currencies–digital representations of value that are not government-issued–have grown in popularity in recent years.  This was underscored by an Internal Revenue Service March 2014 declaration that virtual currencies will now be treated as property for U.S. federal taxation …

  SB 1524, the Florida Information Protection Act of 2014 (“Act”),1 took effect July 1, 2014. The Act imposes requirements on covered entities that experience data breaches. When a covered entity suffers such a data breach, it must notify government entities …

  The majority of the successful insurance-related bills from the 2014 Regular session became effective today, July 1, 2014.  The notable exceptions to this are the “Flood Bill” (SB 542), which became effective on June 13, 2014, and the “Model …

  Signed by Florida Governor Rick Scott on June 13, 2014, SB 490 substantially amends s. 627.7275, F.S. by extending the underwriting period from 30 to 60 days for non-cancellable auto insurance coverage required to reinstate driving privileges revoked or …

  Look up Senate Bills Here:  http://www.flsenate.gov/Session/Bills/2014 Look up House Bills Here:  http://www.myfloridahouse.gov/Sections/Bills/bills.aspx   TALLAHASSEE, Fla. – Governor Rick Scott announced he has signed the following bills into law today, June 13, 2014:   HB 9 Legislature This bill requires …

  Florida Governor Rick Scott signed 94 bills into law today, June 13, 2014, including the following bills relating to insurance: HB 271 by Representative Cummings, a bill that modernizes the process surrounding stop work orders under workers’ compensation insurance …

  Two bills signed into law by Florida Governor Rick Scott today, June 13, 2014, are expected to benefit Florida policyholders by modernizing insurer solvency regulation. “I would like to thank Governor Scott and the Legislature for their support of …