FL S0642

Expands reporting requirements for bail bond premiums to include foreign and alien insurers, not just domestic insurers, when doing business in Florida

Requires all bail bond insurers (domestic, foreign, and alien) to report direct written premiums net of amounts retained by licensed bail bond agents or managing general agents, with premiums being no less than 6.5% of total consideration received

Mandates that foreign and alien bail bond insurers keep complete and accurate records of total consideration paid for all bail bonds written

Requires foreign and alien bail bond insurers to disclose in annual financial statements: gross bail bond premiums written by state, premium taxes incurred by state, total consideration withheld by agents, and bail bond premium amounts on the surety line

Effective date: July 1, 2026