Bill Summary: CS for CS for SB 1398

• Authorizes mortgage loan originators to work from remote locations if licensees establish written supervision policies, maintain information security compliance with federal standards (Gramm-Leach-Bliley Act, FTC Safeguards Rule), and ensure physical records are not maintained at remote locations.

• Creates new regulations for crowdfunding platforms facilitating disaster-related campaigns, requiring collection and retention of organizer information for one year, cooperation with law enforcement, and organizer attestations that campaign information is accurate and donations will be used as described.

• Revises public adjuster regulations to prohibit certain fee structures, require written estimates within 60 days of contract execution, establish expanded cancellation rights (30 days for emergency declarations), and restrict third-party service contracting without insured consent.

• Updates annuity transaction requirements to impose best-interest obligations on agents, establish comprehensive agent training standards (4-hour minimum course), require consumer profile information collection, and specify disclosure requirements before annuity recommendations or sales.

• Amends various insurance provisions including hurricane deductible definitions, residential property cancellation periods (reduced from 90 to 60 days), distributed energy generation system disclosure requirements, and increases manufacturer net worth requirements from $10 million to $100 million.