Florida · 2025 Regular Session · Bill
SB 554: Insurance Practices
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
SB 554 is a bill introduced in the Florida Senate on February 7, 2025. According to its official title, it concerns: Insurance Practices. Primary sponsor: Don Gaetz (Republican). Most recent recorded action (June 16, 2025): Died in Banking and Insurance.
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 Practices; Revising the calculation that the Chief Financial Officer performs to set the rate of interest payable on judgments or decrees; requiring the Office of Insurance Regulation of the Financial Services Commission to create specified reports on related entities and compensation of executive officers for insurers, licensees, and registrants; revising the facts the office must consider in determining whether a rate is excessive, inadequate, or unfairly discriminatory; requiring insurers to send policyholders a written estimate of the amount of loss under certain circumstances, etc.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Don Gaetz | Primary sponsor | Republican | Senate | 1 |
“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 Banking and Insurance
- Indefinitely postponed and withdrawn from consideration
- Introduced
- Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
- Filed