Senate Commercial Insurance Deregulation Bill (CS/CS/SB 178) Amended Today on Second Reading to Conform to House Version
Apr 29, 2011
CS/CS/SB 178, a bill relating to the deregulation of commercial insurance rates, was amended on Second Reading by the full Senate today, April 29, 2011.
The amendment changed the bill’s effective date to October 1, 2011, making it identical to CS/CS/HB 99. The third reading of the bill is expected to take place next week-the final week of Florida’s 2011 Regular Legislative Session.
Sponsored by Senator Steve Oelrich, CS/CS/SB 178 amends current law to expand the types of commercial lines insurance that are exempt from prior rate filing and review requirements to include fiduciary liability, general liability, nonresidential property (except for collateral protection insurance), nonresidential multiperil, excess property, and burglary and theft as additional commercial lines that would be exempt from the normal rate filing requirements if the bill becomes law.
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