CS/HB 1023 (2022) -  Insolvent Insurers

General Bill by Commerce Committee and Fabricio
Insolvent Insurers: Provides required factors to be used in determination & fixing of rates for premiums paid to insolvent insurers for specified coverages; authorizes insurers to elect not to recoup advance assessments paid to Florida Insurance Guaranty Association, Incorporated; provides calculations of insurers' assets under specified circumstances; revises provisions relating to payments of assessments & insurers' reconciliation reports to association; requires insurers to pay assessments to association, rather than to collect such assessments; specifies payments that certain insurers must make to association; requires insurers to treat insureds' failure to pay surcharges, rather than recoupment charges, as failure to pay premiums; provides that insurers are liable for surcharges & are not liable for uncollectible surcharges; removes requirement that insurers treat insureds' failure to pay emergency assessments as failure to pay premiums; revises provisions relating to insurers' collection of surcharges & payments of assessments to Florida Workers' Compensation Insurance Guaranty Association, Incorporated.
Effective Date: July 1, 2022
Last Event: Chapter No. 2022-139 on Thursday, May 26, 2022 10:42 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1430 Subject: Insolvent Insurers Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 5/26/2022 11:11:26 AM
Chamber: House Committee: Final Bill Analysis 3/11/2022 10:44:07 AM
Chamber: House Committee: Commerce Committee 2/17/2022 6:02:54 PM
Chamber: House Committee: Commerce Committee 2/15/2022 7:10:41 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/8/2022 1:17:33 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/7/2022 8:51:43 AM
Chamber: House Committee: Insurance & Banking Subcommittee 1/27/2022 12:39:10 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/25/2022 4:15:03 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 03/02/2022 05:50 PM   Yeas: 116 Nays: 0 Action: Action 2: Passage Vote Detail: Vote [Seq# 687] Barcode:
Chamber: Senate Date: 03/04/2022 02:11 PM   Yeas: 36 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 10] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2022-139 Time: 05/26/2022 - 10:42 AM Member: Committee: Version: er
Event: Approved by Governor Time: 05/25/2022 - 4:40 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/20/2022 - 5:09 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 03/04/2022 - 2:57 PM Member: Committee: Version: c1
Event: H In Messages Time: 03/04/2022 - 2:57 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 36 NAYS 0 -SJ 665 Time: 03/04/2022 - 2:11 PM Member: Committee: Version: c1
Event: S Read 3rd time -SJ 665 Time: 03/04/2022 - 2:10 PM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 665 Time: 03/04/2022 - 2:10 PM Member: Committee: Version: c1
Event: S Substituted for CS/CS/SB 1430 -SJ 665 Time: 03/04/2022 - 2:10 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 03/04/2022 - 2:10 PM Member: Committee: Version: c1
Event: S Withdrawn from Appropriations -SJ 665 Time: 03/04/2022 - 2:10 PM Member: Committee: Appropriations Version: c1
Event: S Received -SJ 537 Time: 03/02/2022 - 11:49 PM Member: Committee: Version: c1
Event: H Message sent to senate Time: 03/02/2022 - 6:58 PM Member: Committee: Version: c1
Event: S Referred to Appropriations -SJ 537 Time: 03/02/2022 - 6:40 PM Member: Committee: Appropriations Version: c1
Event: S In Messages Time: 03/02/2022 - 6:13 PM Member: Committee: Version: c1
Event: H CS passed; YEAS 116, NAYS 0 Time: 03/02/2022 - 5:50 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 03/02/2022 - 5:50 PM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 03/01/2022 - 6:11 PM Member: Committee: Version: c1
Event: H Placed on 3rd reading Time: 03/01/2022 - 5:50 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 03/01/2022 - 5:50 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (3/1/2022) Time: 02/24/2022 - 7:57 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 02/18/2022 - 5:12 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 02/18/2022 - 5:12 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 02/17/2022 - 9:56 PM Member: Committee: Version: c1
Event: H CS Filed Time: 02/17/2022 - 6:10 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 02/17/2022 - 6:10 PM Member: Committee: Version: __
Event: H Reported out of Commerce Committee Time: 02/17/2022 - 6:04 PM Member: Committee: Commerce Committee Version: __
Event: H Favorable with CS by Commerce Committee Time: 02/17/2022 - 3:43 PM Member: Committee: Commerce Committee Version: __
Event: H Added to Commerce Committee agenda Time: 02/15/2022 - 3:52 PM Member: Committee: Commerce Committee Version: __
Event: H Now in Commerce Committee Time: 02/08/2022 - 1:18 PM Member: Committee: Commerce Committee Version: __
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 02/08/2022 - 1:18 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 02/08/2022 - 12:51 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 02/04/2022 - 4:03 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 01/27/2022 - 12:41 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/27/2022 - 12:41 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable by Insurance & Banking Subcommittee Time: 01/27/2022 - 11:27 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/25/2022 - 4:01 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/07/2022 - 11:43 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/07/2022 - 11:43 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/07/2022 - 11:43 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/07/2022 - 11:43 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/27/2021 - 10:00 AM Member: Fabricio Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
627.072 CS/CS/SB 1430
631.57 CS/CS/SB 1430
631.914 CS/CS/SB 1430