Florida legislation · 2026 Regular Session
Florida H1399: Property Insurance Affiliates
Status: Failed, March 13, 2026
Requires insurers to provide to OIR documentation demonstrating that financial considerations & payments to affiliates are fair & reasonable; requires office to consider certain factors to determine whether such considerations & payments are fair & reasonable; requires compensation arrangements between insurers & affiliates to be structured as fees for service; requires insurers to submit, & office to review, audited financial statements; requires contracts between insurers & affiliates to contain certain provisions; authorizes office to issue orders restricting fund transfers from insurers to affiliates under certain circumstances; requires affiliates to make certain refunds under certain circumstances; provides authority of office over affiliate dividends; requires affiliates to register with office.
What the bill says
An act relating to property insurance affiliates; creating s. 624.44101, F.S.; providing applicability; defining the term "affiliate"; requiring certain property insurers to provide to the Office of Insurance Regulation documentation demonstrating that financial considerations and payments to affiliates are fair and reasonable; requiring the office to consider certain factors to determine whether such considerations and payments are fair and reasonable; requiring property insurers to submit, and the office to review, audited financial statements…
From the introduced text, January 9, 2026:
An act relating to property insurance affiliates; creating s. 624.44101, F.S.; providing applicability; defining the term "affiliate"; requiring certain property insurers to provide to the Office of Insurance Regulation documentation demonstrating that financial considerations and payments to affiliates are fair and reasonable; requiring the office to consider certain factors to determine whether such considerations and payments are fair and reasonable; requiring property insurers to submit, and the office to review, audited financial statements; requiring contracts between property insurers and affiliates to contain certain provisions; authorizing the office to issue orders restricting fund transfers from property insurers to affiliates under specified circumstances; providing penalties; requiring affiliates to make certain refunds under certain circumstances; requiring the office to adopt forms, processes, and rules; creating s. 624.44102, F.S.; providing applicability; providing a definition; providing authority of the office over affiliate dividends; providing restrictions on and prohibitions against dividends paid by property insurers to affiliates under certain circumstances; requiring property insurers to provide HB 1399 2026 CODING: Words stricken are deletions; words underlined are additions. hb1399-00 Page 2 of FLORIDAHOUSEOFREPRESENTATIVES notice before pledges of capital and assets to affiliates for loans and financial obligations; providing penalties; requiring affiliates to make certain refunds under certain circumstances; requiring the office to adopt forms, processes, and rules; creating s. 624.44103, F.S.; providing applicability; providing a definition; requiring …
Sponsors
- Berfield, Kimberly (R, HD-058) · primary sponsor
- Bartleman, Robin (D, HD-103)
- Redondo, Mike (R, HD-118)
Latest actions
- : Died in Rules
- : Received
- : Referred to Rules
- : In Messages
- : Passed; YEAS 106, NAYS 3
- : Read 3rd time
- : Added to Third Reading Calendar
- : Read 2nd time
- : Bill added to Special Order Calendar (2/4/2026)
- : Added to Second Reading Calendar
Votes
- House: H 1399 Filed (February 4, 2026): 106 yea, 3 nay, passed
- House: Commerce Committee (January 27, 2026): 23 yea, 0 nay, passed
- House: Commerce Committee (January 27, 2026): 23 yea, 0 nay, passed
- House: Insurance & Banking Subcommittee (January 21, 2026): 17 yea, 0 nay, passed
- House: Insurance & Banking Subcommittee (January 21, 2026): 17 yea, 0 nay, passed
Subjects: Rules
Common questions
- What is H1399?
- H1399 is a bill in the Florida Legislature (2026 Regular Session): Property Insurance Affiliates.
- What does H1399 do?
- In its own words: An act relating to property insurance affiliates; creating s. 624.44101, F.S.; providing applicability; defining the term "affiliate"; requiring certain property insurers to provide to the Office of Insurance Regulation documentation demonstrating that financial considerations and payments to affiliates are fair and reasonable; requiring the office to consider certain factors to determine whether such considerations and payments are fair and reasonable; requiring property insurers to submit, and the office to review, audited financial statements…
- What is the status of H1399?
- Failed as of March 13, 2026. Latest action: Died in Rules (March 13, 2026).
- Who sponsored H1399?
- Berfield, Kimberly (R, HD-058), with 2 co-sponsors.
- Where is the official record for H1399?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1399
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.