House Bill 1141 amends various sections of Florida Statutes to enhance the regulatory framework governing insurance practices, particularly focusing on the roles of the Chief Financial Officer (CFO) and the Office of Insurance Regulation. The bill designates the CFO as the agent for service of process for health maintenance organizations and clarifies that this designation applies to insurers withdrawing from operations until their liabilities are settled. It introduces new requirements for insurers, including the submission of rate transparency reports and cybersecurity measures to protect consumer data. Additionally, the bill removes certain provisions related to reinsurance credits and the filing of articles of incorporation in triplicate, while establishing new reporting requirements for residential property insurers and mandating the creation of a statewide database for mitigation verification.

Furthermore, the bill enhances oversight of continuing care providers by introducing stricter regulations, such as requiring annual and quarterly financial statements from health maintenance organizations and establishing conditions for administrative supervision. It also modifies the application process for provisional certificates of authority, streamlining requirements and emphasizing the need for financial stability. Key provisions include prioritizing continuing care contracts in liquidation proceedings, enhancing transparency in financial dealings, and ensuring that management companies operate responsibly. Overall, HB 1141 aims to improve transparency, accountability, and consumer protection within Florida's insurance and continuing care sectors.

Statutes affected:
H 1141 Filed: 48.151, 252.63, 624.4085, 624.45, 626.9651, 627.062, 627.0645, 627.0651, 627.4554, 627.7152, 628.081, 628.4615, 628.717, 628.719, 628.910, 629.011, 629.071, 629.081, 629.121, 629.171, 629.181, 629.201, 629.301, 634.401, 651.018, 651.019, 651.034, 651.043, 651.055, 651.071, 651.1065, 651.108, 651.114, 627.642, 627.657, 627.66997