Bill Summary

SB 554 Insurance Practices (2025 Session)
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Sponsors
by Gaetz
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Summary
Insurance Practices; 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. Effective Date: 7/1/2025
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Rules
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Actions
02/07/25
SENATE
Filed
02/20/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
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bill text & filed amendments
0554
Filed on 02/07/25
PDF
No amendments to this bill text filed.
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Statute Citations
55.03
624.315
627.062
627.151
627.70131
627.7015
627.70152
627.70154
627.715
627.7151
Research & Reports
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