2025 Regular SessionFlorida Legislature

S0554: Insurance Practices

Legislative Summary

Revising the calculation that the Chief Financial Officer performs to set the rate of interest payable on judgments or decrees; requiring the Office of Insurance Regulation of the Financial Services Commission to create specified reports on related entities and compensation of executive officers for insurers, licensees, and registrants; revising the facts the office must consider in determining whether a rate is excessive, inadequate, or unfairly discriminatory; requiring insurers to send policyholders a written estimate of the amount of loss under certain circumstances, etc.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/7/2025
Filed
Senate
2/20/2025
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
Senate
3/4/2025
Introduced
Senate

Status Information

Current Status
Introduced(2/7/2025)
Chamber
Senate
Committee
Banking and Insurance(Senate)

Sponsors

Republican: 1

Primary Sponsor

Don Gaetz
Don Gaetz
Republican

Documents

Introduced
Bill Text2/7/202534.8 KB