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Florida · 2026 Regular Session · Bill

HB 261: Restrictions on Employer-owned Life Insurance Policies

Did not advance Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted
  6. Did not advance

Last official action: ·Record last updated:

Plain-language summary

HB 261 is a bill introduced in the Florida House on October 27, 2025. According to its official title, it concerns: Restrictions on Employer-owned Life Insurance Policies. Primary sponsor: Peggy Gossett-Seidman (Republican). Most recent recorded action (March 13, 2026): 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.

Restrictions on Employer-owned Life Insurance Policies; Authorizes employer-owned life insurance policies covering key persons of business entities, organizations, companies, & corporations under certain circumstances; requires certain disclosures to key persons; prohibits employer-owned life insurance policies covering certain employees; provides that policies covering such employees are void as against public policy; requires insurer notice to OIR of employer-owned life insurance policies; requires office to maintain registry & publish annual report; provides that premiums, loan interests, & expenses related to employer-owned life insurance are not tax deductible; subjecting death benefits received by employers to corporate income tax; requires OIR to adopt certain standard forms.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Peggy Gossett-SeidmanPrimary sponsorRepublicanHouse91

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Died in Insurance & Banking Subcommittee
  2. 1st Reading (Original Filed Version)
  3. Now in Insurance & Banking Subcommittee
  4. Referred to Commerce Committee
  5. Referred to Ways & Means Committee
  6. Referred to Insurance & Banking Subcommittee
  7. Filed

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source