In The Know
CS/CS/CS/HB 1073/ Department of Financial Services: Revises requirements for electronic originals and copying of certain records media; revises certain bureau names and creates new bureaus; revises service options for child transition plans; creates Florida Open Financial Statement System and authorizes the CFO to choose contractors to build system; eliminated the managing general agent license under the Florida Insurance Code; revises terms of office for Florida Fire Safety Board; deletes provision for staffing and funding formula of Florida State Fire College. APPROPRIATION: $500,000.
CS/SB 512/ Homestead Waivers: Provides language which may be used to waive spousal homestead rights concerning devise restrictions,
CS/CS/HB 1011/ Homeowners' Insurance Policy Disclosures: Revised homeowner's flood damage insurance policy disclosure requirements.
SB 660/ Florida Insurance Code Exemption for Nonprofit Religious Organizations; Revised the criteria under which a nonprofit religious organization that facilitates the sharing of contributions among its participants for financial, physical, or medical needs is exempt from requirements of the code, etc.
CS/HB 661/ Business Filings: Authorizes certain persons and entities to correct certain documents; provides that correction filed for certain reasons are not subject to department fee; requires department to send notice of filing of record through e-mail or send copy of document to mailing address of entity, representative, or agent; provides notice requirements for department if record changes entity's e-mail or mailing address.
CS/HB 29/ Military and Veterans Affairs: Citing this act as the "Don Hahnfeldt Veteran and Military Family Opportunity Act"; revises licensure eligibility requirements; requires the Department of Agriculture and Consumer Services to waive certain fees; authorizing the licensing authority to recognize certain military-issued credentials for purposes of licensure; designating March 25 of each year as "Medal of Honor Day"; requires the State Board of Education to issue a temporary certificate in educational leadership to certain persons, etc.
HB 7097 OGSR/ Citizens Property Insurance Corporation; Removes scheduled repeal of exemption from public record requirements for certain proprietary information provided by insurers to Citizens Property Insurance Corporation policyholder eligibility clearinghouse.
CS/CS/HB 465/ Insurance; Provides an exception from valuation rules for stocks in subsidiaries for certain foreign insurers under certain conditions; revising requirements for rules adopted by the Department of Financial Services and the Financial Services Commission relating to the privacy of certain consumer information; revises the definition of the term "specialty insurer" to include viatical settlement providers, etc.
CS/CS/SB 1392/ Criminal Justice: Requiring the Department of Corrections to include information in its annual report on inmate admission based on offense type and recidivism rate; encouraging local communities and public or private educational institutions to implement prearrest diversion programs for certain offenders; requiring each pretrial release program to include in its annual report the types of criminal charges of defendants accepted into a pretrial release program, the number of defendants accepted into a pretrial release program who paid a bail or bond, the number of defendants accepted into a pretrial release program with no prior criminal conviction, and the number of defendants for whom a pretrial risk assessment tool was used or was not, etc. APPROPRIATION: $1,750,000.00
CS/CS/HB 483/ Unfair Insurance Trade Practices:Revises types, value and frequency of advertising and promotional gifts that licensed insurers or their agents may give to insureds, prospective insureds, or others; authorizes such insurers or agents to make certain charitable donations on behalf of insureds or prospective insureds; prohibits title insurance agents, agencies, and insurers from giving insureds, prospective insureds, or others merchandise in excess of specified value; authorizes certain licensed insurers and agents to give specified complimentary services or discounted rates on specified services.
CS/HB 533/ Unfair Insurance Trade Practices; Authorizes insurers to refuse to insure or refuse to continue to insure an applicant or insured for failing to purchase certain noninsurance motor vehicle services, etc.
CMS has posted a manual to assist Marketplace agents and brokers seeking assistance with Marketplace issues. The guide, dated March 15, 2018, can be found at este enlace.
3. How many Florida counties were affected by this year's hurricane season?
4. The deadline for the 2018 Title Agency Data Call was ______ 1, 2018.
6. CMS has posted a _____ to assist Marketplace agents & brokers with Marketplace issues.
9. The Department of Insurance became the Department of _________ Services in 2002.
10. HB1073 ____________ the appointment process for non-resident adjusters.
11. A violation at one ______ of a title agency could affect all locations.
1. HB533 would authorize insurers to refuse to insure or continue to insure for not purchasing certain noninsurance _____ services.
2. SB512 provides language which may be used to waive spousal _________ rights concerning devise restrictions, etc.
5. HB953 eliminating the credit report freeze fee was passed ________.
7. Sun City Center residents attended a presentation on the insurance issues faced by __________.
8. HB1101 revised homeowner's flood damage insurance policy __________ requirements.