Florida · 2025 Regular Session · Bill
HB 1429: Insurance Regulations
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
HB 1429 is a bill introduced in the Florida House on February 28, 2025. According to its official title, it concerns: Insurance Regulations. Primary sponsor: Tom Fabricio (Republican). Most recent recorded action (June 16, 2025): Died in Insurance & Banking Subcommittee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Insurance Regulations; Requires documentation supporting that financial considerations & payments to affiliates by reciprocal insurers are fair & reasonable; authorizes reciprocal insurers to require subscriber contributions; provides applicability of specialty insurer provisions & nonapplicability of continuing care provider requirements to bondholders; specifies circumstances under which continuing care providers may withdraw specified percentage of required minimum liquid reserve; provides that continuing care & continuing care at-home contracts are not subordinate to any secured claims & must be treated with higher priority over all other claims in event of receivership or liquidation proceedings against continuing care provider; requires each continuing care facility to have its own designated resident representative; provides requirements for providers who borrow or solicit funds from residents; prohibits persons from acting or holding themselves as management companies for continuing care retirement communities without certificate of authority; provides guidelines for commissioner to determine if provider or facility is insolvent or in imminent danger of becoming insolvent; requires office to record notices of lien against continuing care facilities' properties.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tom Fabricio | Primary sponsor | Republican | House | 110 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Died in Insurance & Banking Subcommittee
- Indefinitely postponed and withdrawn from consideration
- PCS added to Insurance & Banking Subcommittee agenda
- Now in Insurance & Banking Subcommittee
- Referred to Commerce Committee
- Referred to State Administration Budget Subcommittee
- Referred to Insurance & Banking Subcommittee
- 1st Reading (Original Filed Version)
- Filed