Category: Legislative Updates

CS/HB 119 Passes House Civil Justice Subcommittee unamended

Jan 25, 2012

  The Florida House Civil Justice Subcommittee (Subcommittee) this morning took up and passed CS/HB 119 relating to motor vehicle insurance.  CS/HB 119, sponsored by Representative Boyd (R-Bradenton), would substantially revise Florida’s current personal injury protection (PIP) law by creating …

Florida Legislative Insurance Daily Wrap-Up: Tuesday, January 24

Jan 24, 2012

The following is a summary of the insurance-related activity conducted by the Florida Legislature today, January 24, 2012: The Florida House of Representatives (“House”) Government Operations Appropriations Subcommittee approved PCS GOAS 12-03 relating to the Florida Department of Financial Services …

U.S. Government Accountability Office: Clarifications Could Facilitate States’ Liability Risk Retention Act Implementation; Regulators Surveyed

Jan 17, 2012

  In 2005, to better protect Risk Retention Group (“RRG”) insureds, the U.S. Government Accountability Office (“GAO”) recommended the implementation of more uniform, baseline state regulatory standards, including corporate governance standards. Since then, the National Association of Insurance Commissioners (“NAIC”) …

House Banking and Insurance Subcommittee Report: January 11, 2012

Jan 11, 2012

  The House Banking and Insurance Subcommittee (Subcommittee) met this morning and discussed several insurance-related bills, including Proposed Committee Substitute (PCS) for HB 119, relating to Motor Vehicle Insurance; HB 725, relating to Insurance Agents and Adjusters; HB 1053 relating …