Florida H0271 amends reporting requirements for foreign and alien bail bond insurers.
Florida H0271 amends Section 624.4094 of the Florida Statutes to revise reporting requirements for foreign and alien bail bond insurers. Insurers must report direct written premiums for bail bonds, ensuring they are not less than 6.5 percent of the total consideration received by the agent. Insurers must also keep records of total consideration paid for all bail bonds and disclose specific information in their annual financial statements filed with the Office of Insurance Regulation. The changes take effect July 1, 2026.
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