Florida legislation · 2026 Regular Session
Florida S366: Initiating a Property Insurance Interstate Compact
Status: Failed, March 13, 2026
Requiring the Commissioner of Insurance Regulation to initiate a compact with other states to establish a national risk pool for property insurance for natural disasters for a specified purpose; requiring the commissioner, as soon as feasible, to enter into the compact with a minimum number of member states, etc.
What the bill says
An act relating to initiating a property insurance interstate compact; requiring the Commissioner of Insurance Regulation to initiate a compact with other states to establish a national risk pool for property insurance for natural disasters for a specified purpose; requiring the commissioner, as soon as feasible, to enter into the compact with a minimum number of member states; providing an effective date.
From the introduced text, November 4, 2025:
A bill to be entitled An act relating to initiating a property insurance interstate compact; requiring the Commissioner of Insurance Regulation to initiate a compact with other states to establish a national risk pool for property insurance for natural disasters for a specified purpose; requiring the commissioner, as soon as feasible, to enter into the compact with a minimum number of member states; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1.âThe Commissioner of Insurance Regulation shall, by December 31, 2027, initiate a compact with other states to establish a national risk pool for property insurance for natural disasters in order to reduce the financial risks to this state and its residents and shall, as soon as feasible, enter into the compact with at least 14 other member states. Section 2.âThis act shall take effect July 1, 2026.
Sponsors
- Bernard, Mack (D, SD-024) · primary sponsor
- Arrington, Kristen (D, SD-025)
- Bracy Davis, LaVon (D, SD-015)
- Davis, Bracy (D)
- Smith, David (R, HD-038)
- Smith, Carlos (D, SD-017)
Latest actions
- : Died in Banking and Insurance
- : Introduced
- : Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
- : Filed
Subjects: Fiscal Policy, Banking and Insurance, Appropriations Committee on Agriculture, Environment, and General Government
Common questions
- What is S366?
- S366 is a bill in the Florida Legislature (2026 Regular Session): Initiating a Property Insurance Interstate Compact.
- What does S366 do?
- In its own words: An act relating to initiating a property insurance interstate compact; requiring the Commissioner of Insurance Regulation to initiate a compact with other states to establish a national risk pool for property insurance for natural disasters for a specified purpose; requiring the commissioner, as soon as feasible, to enter into the compact with a minimum number of member states; providing an effective date.
- What is the status of S366?
- Failed as of March 13, 2026. Latest action: Died in Banking and Insurance (March 13, 2026).
- Who sponsored S366?
- Bernard, Mack (D, SD-024), with 5 co-sponsors.
- Where is the official record for S366?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/366
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.