Florida legislation · 2026 Regular Session
Florida H1163: Risk Retention Groups
Status: Failed, March 13, 2026
Specifies that risk retention groups registered to do business in this state are insurance companies authorized to do business in this state.
What the bill says
An act relating to risk retention groups; amending s. 627.944, F.S.; specifying that risk retention groups registered to do business in this state are insurance companies authorized to do business in this state; providing an effective date.
From the introduced text, January 7, 2026:
A bill to be entitled An act relating to risk retention groups; amending s. 627.944, F.S.; specifying that risk retention groups registered to do business in this state are insurance companies authorized to do business in this state; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsection (13) is added to section 627.944, Florida Statutes, to read: 627.944 Risk retention groups not certificated in this state.--Risk retention groups certificated or licensed in states other than this state and seeking to do business as a risk retention group in this state must observe and abide by the laws of this state as follows: (13) AUTHORIZATION.--A risk retention group registered to do business in this state pursuant to this section is an insurance company authorized to do business in this state. Section 2. This act shall take effect July 1, 2026. words underlined are additions. hb1163-00
Sponsors
- Botana, Adam (R, HD-080) · primary sponsor
Latest actions
- : Died in Insurance & Banking Subcommittee
- : Now in Insurance & Banking Subcommittee
- : Referred to Commerce Committee
- : Referred to Insurance & Banking Subcommittee
- : 1st Reading (Original Filed Version)
- : Filed
Common questions
- What is H1163?
- H1163 is a bill in the Florida Legislature (2026 Regular Session): Risk Retention Groups.
- What does H1163 do?
- In its own words: An act relating to risk retention groups; amending s. 627.944, F.S.; specifying that risk retention groups registered to do business in this state are insurance companies authorized to do business in this state; providing an effective date.
- What is the status of H1163?
- Failed as of March 13, 2026. Latest action: Died in Insurance & Banking Subcommittee (March 13, 2026).
- Who sponsored H1163?
- Botana, Adam (R, HD-080).
- Where is the official record for H1163?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1163
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.