FL H1087

Authorizes workers' compensation benefits to be paid via prepaid card (with employee authorization) if employee receives at least one free weekly withdrawal, fee-free point-of-sale purchases, and clear disclosure of terms; carriers must maintain and report payment records.

Establishes new disqualification rules for insurance licensees: permanent bar for first-degree/capital felonies and fraud-related felonies; 15-year disqualification for felonies involving moral turpitude; 7-year disqualification for other felonies and related misdemeanors.

Exempts foreign insurers covering only non-U.S. residents from obtaining certificates of authority if they register with the Office of Insurance Regulation, provide annual documentation, and include required policy disclaimers; creates penalties for non-compliance.

Changes notification requirements from "insured" to "first-named insured" for cancellations, nonrenewals, and premium notices across workers' compensation, property, casualty, and motor vehicle insurance policies.

Establishes civil penalties of $5,000-$15,000 (escalating for repeat offenses) and $15,000-$50,000 for international accident schemes for motor vehicle insurance fraud; revenues directed to Insurance Regulatory Trust Fund.