FL H1263

Expands Office of Insurance Regulation authority to oversee all entities under its jurisdiction, including issuing cease and desist orders to unlicensed persons and those who aid unlicensed activities

Requires Department of Law Enforcement to process fingerprints and conduct background checks for key managerial personnel of insurance entities seeking licenses, certificates of authority, or registrations

Mandates private passenger automobile insurers file monthly reports beginning January 1, 2027 on policy coverage, premiums, claims, and market trends; requires residential property insurers to file hurricane mitigation inspection forms in a statewide database

Creates registration requirements for attorneys in fact of reciprocal insurers, including application procedures, automatic renewal, grounds for denial/suspension/revocation, and administrative fines up to $200,000 per violation during state emergencies

Requires insurance holding company systems to file annual group capital calculation reports by April 1 and liquidity stress tests, with exemptions for smaller systems under $1 billion in premiums that meet specified criteria