The bill CS/HB 1549 amends several sections of Florida Statutes related to financial services and insurance regulations. It revises the definition of "control person" for money services businesses, specifying that such a person has the power to vote or sell 25 percent or more of a class of voting securities. The bill also deletes the definition of "diligent effort" and modifies conditions for exporting insurance coverage, including the removal of the Financial Services Commission's authority to adopt related rules. Additionally, it clarifies that if an acknowledgment of disclosures is signed by insured parties, they are presumed to be informed about the availability of other coverage.

The legislation further prohibits insurers from issuing nonrenewal notices or requiring consent to rate endorsements for similar coverage at higher premiums without following notice requirements. It also establishes that insurers cannot discriminate based on age, sex, marital status, or academic achievement when determining motor vehicle insurance premiums. The bill modifies the assessment process for state financial institutions, streamlining procedures for acquiring assets and liabilities, and adjusting definitions related to credit union officer compensation. The act is set to take effect on July 1, 2025, with certain provisions effective immediately upon becoming law.

Statutes affected:
H 1549 Filed: 655.047, 655.414, 657.002, 658.235, 658.25
H 1549 c1: 655.047, 655.414, 657.002, 657.028, 658.235, 658.25
H 1549 e1: 560.103, 626.914, 626.918, 626.932, 626.9325, 626.9541, 627.715, 655.047, 655.414, 657.002, 657.028, 658.235, 658.25
H 1549 er: 560.103, 626.914, 626.918, 626.932, 626.9325, 626.9541, 627.715, 655.047, 655.414, 657.002, 657.028, 658.235, 658.25