Senate Surplus Lines Bill Amended to Preserve Retroactivity for Pending Claims Only

After being withdrawn from its final two committees of reference, the General Government Appropriations Committee and Policy and Steering Committee on Ways and Means, Senate Bill 1894 relating to Surplus Lines considered by the Florida Senate on April 24, 2009 and amended on second reading.

SB 1894 states that certain provisions of Florida law do not apply to surplus lines insurers.

Of the seven floor amendments filed to SB 1894 since April 23, one was adopted (604340) that would preserve related lawsuits yet pending on the effective date of the bill, but otherwise implements regulatory retroactivity.  Another amendment regarding claims administration was defeated by a vote of 14Y-20N, and the remaining amendments were withdrawn.

SB 1894 must be read a third time on the Senate Floor.

The amendments to SB 1894 that were considered during second reading are listed below.

Should you have any questions or comments, please contact Colodny Fass.

To unsubscribe from this newsletter, please send an e-mail to ccochran@cftlaw.com