FL H0673

Expands Florida Life and Health Insurance Guaranty Association's board from 5-9 to 9-11 members, adding a representative from the Florida Health Maintenance Organization Consumer Assistance Plan with full voting rights

Requires health maintenance organizations (HMOs) to participate in assessments for long-term care insurer impairments and insolvencies, with 50% of assessments allocated to health member insurers and 50% to life and annuity member insurers

Limits annual assessments on member insurers and HMOs for long-term care insurer impairments/insolvencies to 0.5% of premiums written in the preceding calendar year

Exempts nonprofit HMOs operating only in Florida with statutory capital and surplus under $200 million from long-term care insurer impairment and insolvency assessments

Authorizes the Guaranty Association board to directly file for actuarially justified rate or premium increases on policies it covers and shifts approval authority for alternative policies from receivership courts to the Department of Financial Services