Bill Text: FL S1186 | 2024 | Regular Session | Introduced
Bill Title: Insurance Solutions Advisory Council
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2024-03-08 - Died in Banking and Insurance [S1186 Detail]
Download: Florida-2024-S1186-Introduced.html
Florida Senate - 2024 SB 1186 By Senator Berman 26-00580B-24 20241186__ 1 A bill to be entitled 2 An act relating to the Insurance Solutions Advisory 3 Council; creating the advisory council within the 4 Office of Insurance Regulation for specified purposes; 5 providing for membership and meetings of the advisory 6 council; requiring the office to provide the advisory 7 council with staffing and administrative assistance; 8 requiring the advisory council to submit a specified 9 report annually; providing for expiration of the 10 advisory council; providing an effective date. 11 12 Be It Enacted by the Legislature of the State of Florida: 13 14 Section 1. Insurance Solutions Advisory Council.— 15 (1) The Insurance Solutions Advisory Council, an advisory 16 council as defined in s. 20.03(7), Florida Statutes, is created 17 within the Office of Insurance Regulation to analyze and compile 18 available data and evaluate relevant and applicable information 19 relating to Florida’s property and automobile insurance market. 20 The advisory council shall serve in an advisory capacity to the 21 office and the Legislature. 22 (2) The advisory council shall be composed of the following 23 members: 24 (a) Three members appointed by the Speaker of the House of 25 Representatives: 26 1. One member representing a property and casualty 27 residential insurer that has issued at least 150,000 homeowners’ 28 insurance policies in this state at the time of the creation of 29 the advisory council. 30 2. One member representing a surplus lines insurance 31 company. 32 3. One member who is a trial attorney. 33 (b) Three members appointed by the President of the Senate: 34 1. One member representing a property and casualty 35 commercial nonresidential insurer. 36 2. One member representing a property and casualty 37 residential insurer that has issued fewer than 150,000 38 homeowners’ insurance policies in this state at the time of the 39 creation of the advisory council. 40 3. One member who is a public adjuster. 41 (c) Three members appointed by the Governor who are not 42 employed by or professionally affiliated with an insurance 43 company or a subsidiary of an insurance company, at least one of 44 whom must be a consumer advocate or a member of a consumer 45 advocacy organization or agency and one of whom must be 46 recommended by the Florida Insurance Council. The Governor shall 47 appoint one such member as the advisory council’s chair. 48 (d) Two members appointed by the Chief Financial Officer, 49 representing insurance agents in this state. 50 (e) One member representing Citizens Property Insurance 51 Corporation, selected by the chair of the board of directors of 52 the Citizens Property Insurance Corporation. 53 (f) The commissioner of the Office of Insurance Regulation 54 or his or her designee. 55 (3) Members must be appointed no later than August 1, 2024. 56 Members serve at the pleasure of the officer who appointed them, 57 and a vacancy on the advisory council must be filled in the same 58 manner as the original appointment. Members of the advisory 59 council shall serve without compensation but are entitled to 60 reimbursement for per diem and travel expenses pursuant to s. 61 112.061, Florida Statutes. 62 (4) The advisory council shall meet at the call of the 63 chair at a time and location in this state designated by the 64 chair. 65 (5) The Office of Insurance Regulation shall provide 66 staffing and administrative assistance to the advisory council 67 in performing its duties. 68 (6) Beginning October 1, 2024, the advisory council shall 69 submit an annual report regarding its analysis as specified in 70 subsection (1) and any recommendations related to property and 71 automobile insurance in this state. 72 (7) This section expires June 30, 2029, unless reviewed and 73 saved from repeal through reenactment by the Legislature. 74 Section 2. This act shall take effect July 1, 2024.