Florida House Insurance and Banking Subcommittee Advances Bills At March 19, 2014 Meeting
Mar 19, 2014
The House Insurance and Banking Subcommittee (“Subcommittee”) met today, March 19, 2014.
The Subcommittee passed Proposed Committee Substitute for HB 1035 by State Representative Boyd. The Proposed Committee Substitute corrects references to associations that make recommendations for board membership of the Medical Malpractice Joint Underwriting Association and the Florida Birth-Related Neurological Injury Compensation Association.
State Representative Stone presented Proposed Committee Substitute for HB 1351 to the Subcommittee. The Proposed Committee Substitute implements a fee schedule of 140 percent of Medicare for hospital inpatient and outpatient services under workers’ compensation. He offered an amendment to lower the percentage of the fee schedule over time, but withdrew it.
A representative of the National Council of Compensation Insurers testified that the Proposed Committee Substitute would result in a seven percent reduction in workers’ compensation rates. A representative of a hospital association spoke in opposition to the Proposed Committee Substitute, while representatives of various business associations spoke in support. The Subcommittee passed the bill as a committee substitute.
CS/HB 331 by State Representative Fullwood, which requires residential rental agreements to notify tenants if renters’ insurance is required, was amended by the Subcommittee. The bill passed as a Committee Substitute.
The Subcommittee heard HB 1271 by State Representative Ingram, which implements provisions of the National Association of Insurance Commissioners’ Holding Company Act Model. Representative Ingram offered four technical amendments, which were adopted. The bill passed as a Committee Substitute.
Representative Ingram presented HB 1273 to the Subcommittee. HB 1273 creates a public records exemption for certain information submitted to the Florida Office of Insurance Regulation. The bill passed the Subcommittee.
With no other business before the Subcommittee, the meeting was adjourned.
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