Loading chat...

FL S1606

Bill

Status

Passed

6/22/2020

Primary Sponsor

Infrastructure and Security

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Authorizes workers' compensation benefits to be transmitted to employees' accounts with licensed money transmitters, in addition to existing payment methods like direct deposit and prepaid cards

  • Revises civil remedy notice procedures for insurance claims, requiring insurers to designate an email address for receiving notices from the Department of Financial Services and extending the 60-day cure period from the date the insurer receives notice

  • Creates Chapter 647, Florida Statutes, establishing a comprehensive regulatory framework for travel insurance, including definitions, premium tax requirements, sales practice standards, and licensing requirements for travel retailers and limited lines travel insurance producers

  • Reduces the period during which an insurer cannot cancel a new motor vehicle insurance policy for nonpayment of premium from 60 days to 30 days after the effective date

  • Extends Office of Insurance Regulation review periods for rate filings and form approvals when deadlines fall on weekends or state holidays until the next business day

Legislative Description

Insurance Administration

Last Action

Chapter No. 2020-63

6/22/2020

Committee Referrals

Appropriations2/20/2020
Infrastructure and Security2/10/2020
Banking and Insurance1/17/2020

Full Bill Text

No bill text available