FloridaBail bond insurers must report premiums and keep payment records
Insurers based in Florida or elsewhere must report bail bond premiums, keep payment records, and disclose financial details to Florida insurance regulators.
What it does
Bail bond insurers report premiums after subtracting money agents keep. The reported amount must still equal at least 6.5 percent of each agent's total bail bond payments.
Bail bond insurers must track payments for all bonds they write. Their annual statements must disclose premiums, premium taxes, and certain money agents keep.
Argument forPayment records and annual disclosures could help insurance regulators check how much money agents keep and how much insurers report.
Argument againstTracking all bail bond payments and preparing state-by-state disclosures could require insurers to spend staff time on detailed accounting.
More detail
Insurers must report bail bond premiums after subtracting amounts kept by licensed bail bond agents or appointed agents who manage their business. The reporting rule covers insurers doing business in Florida, whether based in Florida, another state, or another country. Reported premiums must equal at least 6.5 percent of the total payment each agent receives for all bail bonds that agent writes. Premiums an insurer takes on must follow these calculation rules and the annual disclosure rules. The law took effect July 1, 2026.
Insurers must keep complete and accurate payment records and disclose financial figures in their annual statements to Florida's Office of Insurance Regulation. These duties cover bail bond insurers based in Florida, another state, or another country. Payment records must cover all bail bonds the insurer writes. Annual disclosures must show total bail bond premiums before deductions and premium taxes incurred in each state. They must also show payments agents keep that insurers do not report as expenses, plus bail bond premiums listed in the section for insurance that guarantees obligations. The law took effect July 1, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 7Chapter No. 2026-61Latest
- May 6Approved by Governor Ron DeSantisBecame Law
- Apr 30Signed by Officers and presented to GovernorTo Governor
- Mar 6Ordered enrolledMinor
- Vote recorded Third Reading. Result: pass.Upper
- Mar 6In Messages
- Mar 6Passed; YEAS 34 NAYS 0Passed Senate
- Mar 6Read 3rd timeMinor
- Mar 6Read 2nd timeMinor
- Mar 6Substituted for SB 642
- Mar 6Placed on Calendar, on 2nd reading
- Mar 6Withdrawn from RulesMajor
- Feb 18ReceivedMinor
- Feb 18Referred to RulesMinor
- Feb 17In Messages
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Feb 17Passed; YEAS 107, NAYS 1Passed House
- Feb 17Read 3rd timeMinor
- Feb 17Added to Third Reading Calendar
- Feb 17Read 2nd timeMinor
- Feb 10Bill added to Special Order Calendar (2/17/2026)
- Feb 3Added to Second Reading Calendar
- Vote recorded Favorable (Commerce Committee). Result: pass.Lower
- Feb 3Bill released to House Calendar
- Feb 3Reported out of Commerce Committee
- Feb 3Favorable by Commerce CommitteeMinor
- Jan 30Added to Commerce Committee agenda
- Jan 29Now in Commerce Committee
- Vote recorded Favorable (Insurance & Banking Subcommittee). Result: pass.Lower
- Jan 29Reported out of Insurance & Banking Subcommittee
- Jan 29Favorable by Insurance & Banking SubcommitteeMinor
- Jan 27Added to Insurance & Banking Subcommittee agenda
- Jan 131st Reading (Original Filed Version)Minor
- 2025
- Nov 4Now in Insurance & Banking Subcommittee
- Nov 4Referred to Commerce CommitteeMinor
- Nov 4Referred to Insurance & Banking SubcommitteeMinor
- Oct 28FiledIntroduced
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