CS/CS/HB 635 - Insurance Bill Summary

• Medical Malpractice Insurance Assessment Exemption: Revises the repeal date of the exemption of medical malpractice insurance premiums from emergency assessments for the Florida Hurricane Catastrophe Fund from May 31, 2016 to June 1, 2013.

• Electronic Proof of Insurance: Authorizes uniform motor vehicle proof-of-insurance cards in electronic format, with protections for consumer consent and law enforcement officer liability for device damage.

• Insurance Agency Licensing and Oversight: Establishes requirements for agents in charge at insurance agency locations, including accountability for misconduct; automatically converts registered insurance agencies to licensed agencies under certain conditions; and repeals provisions on branch agencies and additional county taxes.

• Florida Comprehensive Health Association Dissolution: Requires termination of coverage for all policyholders by June 30, 2014, and mandates the association's dissolution by September 1, 2015, including final accounting, asset disposal, and record transfer to the Department of Financial Services.

• Citizens Property Insurance Corporation Sinkhole Program: Creates a Citizens Sinkhole Stabilization Repair Program to resolve sinkhole claims through stabilization and foundation repairs rather than payouts, with requirements for qualified contractors, bonding, and policyholder choice in contractor selection.