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FL S1606
Bill
Status
6/22/2020
Primary Sponsor
Infrastructure and Security
Click for details
AI Summary
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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
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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
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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
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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
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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