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FL S1416

Bill

Status

Passed

4/8/2016

Primary Sponsor

Governmental Oversight and Accountability

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Makes ORSA (own-risk and solvency assessment) summary reports, substantially similar ORSA reports, and supporting documents submitted to the Office of Insurance Regulation confidential and exempt from public records requirements

  • Exempts corporate governance annual disclosures and supporting documents submitted by insurers to the Office of Insurance Regulation from public disclosure

  • Allows the Office of Insurance Regulation to share confidential information with the Actuarial Board for Counseling and Discipline (changed from American Academy of Actuaries) for professional disciplinary proceedings

  • Extends the sunset review date for these public records exemptions from October 2, 2019 to October 2, 2021

  • Contingent effective date tied to passage of SB 1422 or similar legislation in the same legislative session

Legislative Description

Public Records/Own-risk and Solvency Assessment/Corporate Governance Annual Disclosure

Last Action

Chapter No. 2016-205, companion bill(s) passed, see CS/CS/SB 1422 (Ch. 2016-206)

4/8/2016

Committee Referrals

Rules2/10/2016
Governmental Oversight and Accountability1/28/2016
Banking and Insurance1/14/2016

Full Bill Text

No bill text available