Bill Summary

SB 1740 Insurance (2025 Session)
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Sponsors
by Ingoglia Co Sponsors: Sharief CS Sponsors: Banking and Insurance
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Summary
Insurance; Specifying that hurricane mitigation grants funded through the My Safe Florida Home Program may be awarded only under certain circumstances; revising the surplus required for certain insurers applying for their original certificates of authority and to maintain their certificates of authority, respectively; specifying prohibitions for persons who were officers or directors of an insolvent insurer, attorneys in fact of a reciprocal insurer, or officers or directors of an attorney in fact of a reciprocal insurer; prohibiting the office from requesting an insurer waive a deemed approval for residential property insurance rate filing 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 Fiscal Policy
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Actions
02/28/25
SENATE
Filed
03/07/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
03/12/25
SENATE
On Committee agenda - Banking and Insurance, 03/17/25, 1:30 pm, 412 K
03/17/25
SENATE
Favorable with CS by Banking and Insurance; 7 Yeas, 0 Nays
03/19/25
SENATE
Committee Substitute Text (C1) Filed
03/19/25
SENATE
Now in Appropriations Committee on Agriculture, Environment, and General Government
05/03/25
SENATE
Indefinitely postponed and withdrawn from consideration
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bill text & filed amendments
1740
Filed on 02/28/25
PDF
Amendment 937706 LF
Ingoglia
Filed on 03/17/25
Replaced by CS
PDF
1740C1
Filed on 03/19/25
PDF
No amendments to this bill text filed.
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Statute Citations
215.5586
624.407
624.4073
624.408
627.062
627.4263
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