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FL S1386

Bill

Status

Passed

4/8/2016

Primary Sponsor

Rules

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Expands the prohibition on insurance agents receiving fees or commissions for examining health insurance plans to include all health insurance and health benefit plans, not just group plans

  • Increases the maximum face amount for burial/final disposition insurance policies that funeral-related personnel can sell from $12,500 to $21,000

  • Updates the baseline year for calculating annual Consumer Price Index adjustments on burial insurance policy limits from 2003 to 2016

  • Allows funeral directors, direct disposers, and funeral establishment employees with proper licensing to sell life insurance policies for prearranged funeral services up to the new $21,000 limit plus CPI adjustments

Legislative Description

Insurance Agents

Last Action

Chapter No. 2016-202

4/8/2016

Committee Referrals

Rules2/9/2016
Commerce And Tourism1/28/2016
Banking and Insurance1/14/2016

Full Bill Text

No bill text available