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FL S0670
Bill
Status
Introduced
2/9/2023
Primary Sponsor
Banking and Insurance
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AI Summary
- Authorizes life insurers in Florida to transact paid family leave insurance, adding it to the permitted kinds of insurance alongside health and disability income insurance
- Defines paid family leave insurance as employer-purchased group coverage that pays a percentage of an employee's income loss due to the birth or adoption of a child, foster care placement, care of a family member with a serious health condition, or a family member's active military duty
- Requires policies to provide a minimum benefit period of 2 weeks during any 52 consecutive calendar weeks and to specify benefit amounts, waiting periods, wage calculation methods, and any offsets for other income sources
- Permits insurers to limit, exclude, or reduce benefits under specified circumstances, including when employees receive workers' compensation, unemployment insurance, employer-paid leave, or when required medical certifications are not provided
- Allows paid family leave insurance to be issued as a standalone group policy, as a rider to a group disability income policy, or included within a group disability income policy, with rates calculated under existing property and casualty rate standards (s. 627.062)
Legislative Description
Paid Family Leave Insurance
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 721 (Ch. 2023-149)
5/1/2023
Committee Referrals
Fiscal Policy3/24/2023
Full Bill Text
No bill text available