Florida S0642 amends bail bond premium reporting requirements for insurers in the state.

Florida S0642 amends Section 624.4094 of the Florida Statutes to revise the reporting requirements for bail bond premiums for domestic, foreign, and alien insurers. The bill mandates that these insurers keep accurate records of the total consideration paid for all bail bonds written. It also requires insurers to disclose specific information in their financial statements filed with the Office of Insurance Regulation, including gross bail bond premiums, premium taxes, withheld consideration, and the amount of bail bond premium included on the surety line.

Florida S0642 amends bail bond premium reporting requirements for insurers in the state.

Florida S0642 amends Section 624.4094 of the Florida Statutes to revise the reporting requirements for bail bond premiums for domestic, foreign, and alien insurers. The bill mandates that these insurers keep accurate records of the total consideration paid for all bail bonds written. It also requires insurers to disclose specific information in their financial statements filed with the Office of Insurance Regulation, including gross bail bond premiums, premium taxes, withheld consideration, and the amount of bail bond premium included on the surety line.