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FL S0258

Bill

Official Source

Status

Failed

3/10/2018

Primary Sponsor

Gary Farmer

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Prohibits attorney fees awarded under Workers' Compensation Law (s. 440.34) and the Florida Insurance Code (s. 627.428) from being included in an insurer's rate base or used to justify rate changes
  • Adds new subsection (11) to s. 627.062 establishing the prohibition on including such attorney fees in rate-setting calculations
  • Adds new subsection (4) to s. 627.428 specifying that attorney fees awarded in insurance disputes cannot be used in rate justification
  • Updates terminology in s. 627.428 from "attorney's fee" to "attorney fees" throughout the section
  • Takes effect July 1, 2018

Legislative Description

Insurance Rates

Last Action

Died in Banking and Insurance

3/10/2018

Committee Referrals

Banking and Insurance9/22/2017

Full Bill Text

No bill text available