Florida legislation · 2026 Regular Session
Florida H1083: Private Insurance Coverage for Credit Union Accounts
Status: Failed, March 13, 2026
Provides private insurance option for coverage for credit union accounts; authorizes OFR to prohibit qualified private organizations from providing such insurance coverage under certain circumstances; authorizes such qualified private organizations to seek judicial review.
What the bill says
An act relating to private insurance coverage for credit union accounts; amending s. 657.033, F.S.; providing a private insurance option for coverage for credit union accounts; authorizing the Office of Financial Regulation to prohibit qualified private organizations from providing such insurance coverage under certain circumstances; authorizing such qualified private organizations to seek judicial review; defining the term "qualified private organization"; providing an effective date.
From the introduced text, January 6, 2026:
A bill to be entitled An act relating to private insurance coverage for credit union accounts; amending s. 657.033, F.S.; providing a private insurance option for coverage for credit union accounts; authorizing the Office of Financial Regulation to prohibit qualified private organizations from providing such insurance coverage under certain circumstances; authorizing such qualified private organizations to seek judicial review; defining the term "qualified private organization"; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsection (9) of section 657.033, Florida Statutes, is amended to read: 657.033 Accounts.-- (9)(a) A credit union shall obtain and maintain insurance of accounts through the National Credit Union Administration or from a qualified private organization. (b) The office may prohibit a qualified private organization from providing insurance under paragraph (a) if the office finds, after giving the organization notice of and opportunity for a hearing, that the organization lacks the resources or bylaws, or both, to adequately protect accounts of words underlined are additions. hb1083-00 FLORIDAHOUSEOFREPRESENTATIVES HB 1083 2026 credit unions in this state. A qualified private organization that is prohibited by the office from providing insurance under paragraph (a) may seek judicial review in accordance with s. 120.68. (c) As used in this subsection, the term "qualified private organization" means an insurance company licensed to do …
Sponsors
- Gentry, Richard (R, HD-027) · primary sponsor
Latest actions
- : Died in Insurance & Banking Subcommittee
- : 1st Reading (Original Filed Version)
- : Now in Insurance & Banking Subcommittee
- : Referred to Commerce Committee
- : Referred to Insurance & Banking Subcommittee
- : Filed
Common questions
- What is H1083?
- H1083 is a bill in the Florida Legislature (2026 Regular Session): Private Insurance Coverage for Credit Union Accounts.
- What does H1083 do?
- In its own words: An act relating to private insurance coverage for credit union accounts; amending s. 657.033, F.S.; providing a private insurance option for coverage for credit union accounts; authorizing the Office of Financial Regulation to prohibit qualified private organizations from providing such insurance coverage under certain circumstances; authorizing such qualified private organizations to seek judicial review; defining the term "qualified private organization"; providing an effective date.
- What is the status of H1083?
- Failed as of March 13, 2026. Latest action: Died in Insurance & Banking Subcommittee (March 13, 2026).
- Who sponsored H1083?
- Gentry, Richard (R, HD-027).
- Where is the official record for H1083?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1083
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.