FloridaFlorida law defines who counts as a reinsurance business manager
The law defines who controls or manages reinsurance business and lists exceptions that determine who falls under related insurance rules.
What it does
The law defines who controls a reinsurance intermediary and who manages a reinsurer’s reinsurance business. It excludes certain workers and managers, with specific tests for some underwriting managers.
Argument forThe definitions and exceptions could help reinsurers and managers tell who falls under rules for managing reinsurance business.
Argument againstReinsurers may need to check detailed exceptions to decide whether an underwriting manager falls under these rules.
More detail
The law defines who controls a reinsurance intermediary and who counts as a manager of a reinsurer’s assumed reinsurance business. These definitions concern people who direct a reinsurance intermediary or manage some or all of a reinsurer’s assumed reinsurance business while acting for the reinsurer. The law excludes reinsurer employees, managers of U.S. branches of foreign reinsurers, and certain managers of insurer groups examined by their state regulator. An underwriting manager handling all of a reinsurer’s reinsurance operations is excluded only if the manager is under common control with the reinsurer, covered by the holding company law, and not paid based on premium volume. An underwriting manager handling facultative risks is excluded only if that business is less than 10 percent of the reinsurer’s assumed annual gross written premium. The act took effect July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 17Chapter No. 2026-146Latest
- Jun 16Approved by Governor Ron DeSantisBecame Law
- Jun 15Signed by Officers and presented to GovernorTo Governor
- Mar 17Ordered enrolledMinor
- Mar 11Passed; YEAS 111, NAYS 1Passed House
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Mar 11Read 3rd timeMinor
- Mar 11Added to Third Reading Calendar
- Mar 11Read 2nd timeMinor
- Mar 101st Reading (Original Filed Version)Minor
- Mar 10Bill added to Special Order Calendar (3/11/2026)
- Mar 10Bill referred to House Calendar
- Feb 19In Messages
- Vote recorded Third Reading. Result: pass.Upper
- Feb 19Immediately certified
- Feb 19Passed; YEAS 37 NAYS 0Passed Senate
- Feb 19Read 3rd timeMinor
- Feb 19Read 2nd timeMinor
- Feb 18Placed on Special Order Calendar, 02/19/26
- Feb 18Placed on Calendar, on 2nd reading
- Feb 17Favorable by- Rules; YEAS 24 NAYS 0Minor
- Vote recorded Favorable. Result: pass.Upper
- Feb 12On Committee agenda-- Rules, 02/17/26, 12:00 pm, 412 Knott Building
- Feb 5Now in Rules
- Feb 4Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 11 NAYS 0Minor
- Vote recorded Favorable. Result: pass.Upper
- Jan 30On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 02/04/26, 3:45 pm, 412 Knott Building
- Jan 14Now in Appropriations Committee on Agriculture, Environment, and General Government
- Jan 13IntroducedMinor
- Vote recorded Favorable. Result: pass.Upper
- Jan 13Favorable by Banking and Insurance; YEAS 10 NAYS 0Minor
- Jan 8On Committee agenda-- Banking and Insurance, 01/13/26, 4:00 pm, 412 Knott Building
- 2025
- Nov 17Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; RulesMinor
- Nov 5FiledIntroduced
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