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FL S0916
Bill
Status
4/28/2015
Primary Sponsor
Banking and Insurance
Click for details
AI Summary
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Restricts the requirement for property insurer executives and actuaries to certify rate filings to only those filings subject to specific statutory provisions, narrowing the scope from all property rate filings.
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Exempts commercial nonresidential multiperil insurance from the annual base rate filing requirement that applies to other property and casualty insurance lines.
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Redefines commercial insurance exemptions to reference general insurance definitions in statutes 624.604 and 624.605 rather than previous statutory language.
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Maintains annual base rate filing requirements for workers' compensation, employer's liability insurance, and commercial residential multiperil insurance.
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Takes effect July 1, 2015.
Legislative Description
Commercial Insurer Rate Filing Procedures
Last Action
Died in Messages, companion bill(s) passed, see CS/CS/CS/HB 165 (Ch. 2015-135)
4/28/2015