Transcript Highlights:

• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• The same amount is appropriated to a new capital outlay and maintenance surplus appropriation within
• appropriation, and $5,002,392 to a new special services surplus appropriation.
• We're adjourned. surplus appropriation within the agent general state military budget item.

Keywords: 994, senate, all

Transcript Highlights:

• And there are many ways to do this, including IBM hardware, Google key security management, things that
• 37:46.640><c> this,</c><00:37:46.960><c> including</c><00:37:47.760><c> IBM</c><00:37:48.400><c> hardware
• ,</c> ways to do this, including IBM hardware, ways to do this, including IBM hardware, Google<00:37:
• It has physical hardware computers that are operating the network.
• It has physical hardware computers that are operating the network.

Keywords: 1189, house, all

Summary: The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking. Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries. He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.

Transcript Highlights:

• This is the surplus fund.
• They used surplus money for that.
• It's not a surplus, right?
• It's not a surplus, right?
• Did you bring us any surplus revenue? Yeah, surplus revenue.

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident

Summary: The Senate Transportation Committee reconvened on SB 2722, as substituted by Senator Bettencourt, which would redirect a portion of Harris County Toll Road Authority surplus revenues to the City of Houston and impose audit and tax-rate penalty provisions. Houston Police Chief Noe Diaz and Fire Chief Thomas Munoz testified in support, arguing that Houston bears a large share of toll-road public safety burdens, citing thousands of police and fire responses on toll-road property and the need for compensation for emergency services. Bill King, testifying neutrally, said the toll authority generates large excess revenues and urged stronger oversight and clearer controls on how the money is spent. Opponents, including Harris County officials, business and neighborhood representatives, and toll-road critics, argued the bill would divert transportation dollars, create a precedent for taking toll revenues for general municipal use, and could worsen project delivery and incentives; several also questioned the accuracy and interpretation of the revenue figures and the lack of comparable audit requirements for the city. The committee took extensive testimony but left SB 2722 pending without a vote. The committee then heard SB 2129, which would increase fines for motorists who disregard railroad crossing gates or flaggers, and SB 2323, which would redact railroad crew members’ personal information from public accident reports. Both bills were presented as safety measures, with railroad labor testimony in support, and both were left pending after brief public testimony. The committee also heard SB 2141, a Zaffirini bill concerning specialty license plates for judges, with the substitute aimed at reducing security risks by changing how judges are identified on plates; it too was left pending. Finally, the committee heard SB 2439, another Zaffirini bill, described as a TDLR cleanup measure related to ATV and off-highway vehicle safety certification. The bill would abolish the current training and certification program, which supporters said was burdensome and underused given the small number of approved instructors statewide. With no significant opposition on the record, the committee closed testimony and left SB 2439 pending as well.

Transcript Highlights:

• </c> &gt;&gt; So they've been turning to surplus &gt;&gt; So they've been turning to surplus lines.<00
• </c> surplus lines. surplus lines.
• </c> coverage in surplus lines. coverage in surplus lines. &gt;&gt; Okay. &gt;&gt; Okay.
• the surplus lines market still suddenly the surplus lines market still wants<01:05:15.839><c> those<
• </c> up in surplus lines market. up in surplus lines market.

Keywords: 910, house, all

Summary: The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates. HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease. Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks. HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.

Transcript Highlights:

• Impulse is a trusted distributor of technical hardware and software, medical products and supplies, maintenance

Keywords: 1185, senate, all

Transcript Highlights:

• leverages space with its Phantom Cloud microdata center constellation by shifting the industry from a hardware-centric

Summary: The Senate opened with prayer and the Pledge of Allegiance, then recognized several visiting groups at the Capitol, including OBGYNs and trainees for Women’s and Reproductive Health Day, environmental advocates for Environmental Day, Arizona Maha Coalition members, nurses for Arizona Nurses Day, aerospace industry representatives for Aerospace Day, and guests for International Mother Language Day and other district visitors. Several proclamations and recognitions were read, including International Mother Language Day, Arizona Aerospace Day, and a recognition of Israeli Supreme Court Justice Daphne Barak-Erez. The chamber also welcomed the Doctor of the Day and a newly appointed commissioner, and the President Pro Tem made temporary committee appointments. The main floor business was a Committee of the Whole on several SNAP-related bills. SB 1002, concerning SNAP/TANF public welfare verification, received a floor amendment from Senator Kavanagh and was advanced with a do pass recommendation. SB 1331, relating to SNAP military employment and training, also advanced do pass. SB 1333, relating to a SNAP error rate forensic audit, was amended by the Health and Human Services Committee and advanced do pass after Senator Gonzalez spoke in opposition, arguing the bill did not address the underlying federal error-rate problem and could increase state costs. SB 1334, concerning SNAP work requirement waivers and exemptions, advanced do pass despite Senator Gonzalez’s opposition, in which she argued the bill would restrict Arizona’s flexibility, especially in rural and tribal areas, and could harm older adults and people with disabilities. SB 1368, concerning SNAP purchase restrictions, was then taken up; Senator Gonzalez began speaking in opposition, but the transcript cuts off before the debate or final action on that bill is completed.

Transcript Highlights:

• DOPL is requesting replacement items, IT hardware, and a program transfer exemption for this year.

Summary: The committee opened by approving the minutes from January 15th. It then considered several RS introductions related to occupational licensing. RS 33021, presented by Rep. Ehlers, would reduce cosmetology licensing requirements by lowering education hours from 1,600 to 1,000 and apprenticeship hours from 3,200 to 2,000, with supporters saying it would lower barriers to entry and improve Idaho’s competitiveness with other states. Members asked for more evidence of hardship from the current standards, but the RS was introduced. The committee also introduced RS 32964, presented by Rep. Manwaring, which would reinstate an open-book jurisprudence exam for professional land surveyors. He said the exam had previously been open book, had a 100% pass rate, and was intended to ensure surveyors know Idaho law in daily practice. Members asked about how the test would be structured and whether similar open-book testing should be considered for other licenses, but the RS was introduced. Rep. Tanner then gave a presentation on JFAC and budget oversight, focusing on the need for accurate fiscal notes, review of DOPL spending, and scrutiny of dedicated funds, staffing, fleets, and board consolidation. A budget analyst from Legislative Services walked the committee through budget resources, including the base budget builder, Legislative Budget Book, Fiscal Report, Fiscal Source Book, and Fiscal Facts, and offered to provide fund balance reports. Members discussed the committee’s role as policy-focused rather than budget-setting, while also noting the value of understanding budget data without overstepping JFAC’s role. Finally, the committee heard RS 32928, also related to cosmetology licensing, which would allow students to sit for their exam after completing 80% of their education hours rather than waiting until all hours are finished. Supporters said it would make the process easier without changing the requirement to complete all hours before licensure. The RS was introduced, and the committee adjourned after announcing that floor session would begin the next day at 11 a.m.

Transcript Highlights:

• But the categories of common supports include human resources, payroll, and technology, including hardware

Bills: HB1662, HB1683

Keywords: education agencies, administrative independence, superintendent, education reform, agency authority, education, school boards, district adjustments, administrative boundaries, educational governance, 904, all

Transcript Highlights:

• The categories of common supports include human resources, payroll, and technology, including hardware

Summary: The House Education Committee held public hearings on two bills. House Bill 1662 would move several education-related boards and commissions—the State Board of Education, the Professional Educator Standards Board, the Financial Education Public-Private Partnership, and the Charter School Commission—toward operational independence from OSPI by July 1, 2027, including separate administrative services, asset and employee transfers, and transition planning by OFM. The prime sponsor and supporters said the bill would improve transparency, fiscal accountability, and agency flexibility, while OSPI-related testimony emphasized that small agencies need more nimble administrative support. No one testified in opposition; the hearing record noted 2 pro, 1 con, and 5 other sign-ins, and members were told the bill was substantively the same as the version passed the prior year except for date changes. The committee then heard House Bill 1683, which would require most school districts with 2,000 or more students to elect at least some school board members from director districts rather than entirely at-large, with larger districts needing more district-based seats and districts under 2,000 students exempt. The sponsor and supporters argued the change would improve geographic and demographic representation, especially for lower-income communities and communities of color, and would help ensure school boards reflect the students and families they serve. Opponents, including a school directors association representative, said the bill would be an unfunded mandate, reduce local control, and create added election costs and recruitment challenges; one witness also suggested the bill should consider broader proportional-representation options. Staff noted that 23 districts would currently be out of compliance, and the hearing record showed 12 pro, 163 con, and 2 other sign-ins. No executive action was taken on either bill during this portion of the meeting. At the end of the hearing, the chair reminded members that several bills heard that week would be on next Thursday’s executive session agenda, urged prompt amendment requests, and announced that the committee would adjourn to caucuses.

Transcript Highlights:

• And so this bill allows that continued maintenance, the acquisition, software, hardware, right, all of

Bills: HB322, HB331, HB673, HB 1147, HB 1154, HB2488

Keywords: JET Grant Program, career education, technical education, community colleges, technology solutions, high demand jobs, first responders, acute myocardial infarction, stroke, benefits, compensation, presumption of disability, emergency services, healthcare, Medicaid, mental health, substance abuse, treatment access, cost, insurance coverage

Transcript Highlights:

• </c><00:02:08.599><c> the</c> using money from a projected Surplus the using money from a projected Surplus
• We applaud the proposal to return the surplus funds to taxpayers.
• We applaud the proposal to return the surplus funds to taxpayers.
• We have to figure it out, and we grew our budget by 40% with the surplus.
• We have to figure it out, and we grew our budget by 40% with the surplus.

Keywords: 1183, house

Summary: The committee took up House File 4, first adopting the H004A1 amendment without objection. The author described the bill as a constitutional amendment intended to create a tax relief account funded from projected budget surpluses, defined as revenues exceeding 105% of projected expenditures based on the November forecast. Supporters framed the proposal as a way to return excess taxpayer money to families, homeowners, and seniors rather than allowing the state to retain or redirect it. Testimony in support came from Ranna Lee of Americans for Prosperity, who praised the bill’s clarity and argued that taxpayers are overburdened and should receive surplus funds back; she also suggested broader tax and budget reforms, including rate reductions and tighter spending limits. Nan Madden of the Minnesota Budget Project testified in opposition, saying the legislature already has authority to use surpluses for rebates or tax cuts and warning that constitutionalizing tax policy would reduce flexibility, weaken accountability, and make it harder to respond to changing conditions, emergencies, or recessions. Members then briefly commented, with Republicans expressing support for returning money to taxpayers and citing cost-of-living pressures and fixed incomes. The committee did not hear a formal department position. At the end of the hearing, Representative Johnson renewed the motion that House File 4, as amended, be recommended to pass and sent to the Ways and Means Committee; the motion prevailed on a voice vote.

Transcript Highlights:

• The Surplus Land Act, through dispositions of exempt surplus land and surplus land, has actually created
• I mean, it seems as though we're not really utilizing surplus land. the Surplus Land Act.
• I mean, it seems as though we're not really utilizing surplus government land or surplus land whatsoever
• The Surplus Land Act, through dispositions of exempt surplus land and surplus land have actually, Land
• Act, through dispositions of exempt surplus land and surplus land have actually created a pipeline of

Keywords: 988, house, all

Transcript Highlights:

• States don't regulate surplus lines. I think the surplus market serves a very critical role.
• :25:00.760><c> Market</c> lines I think I think the Surplus Market lines I think I think the Surplus
• so Surplus um and I think one of Surplus so Surplus um and I think one of the<00:27:28.200><c> concerns
• that oh terrible Surplus some think that oh terrible Surplus Market<00:27:35.880><c> it's</c><00:27:
• And so if we didn't have the surplus market, or if we were made to regulate the surplus market, in my

Keywords: 912, senate, all

Summary: The committee opened by outlining hearing procedures, including a two-minute limit for live testimony, a request not to repeat written testimony, and a reminder about decorum. The first bill heard was SB 697, which would create a nonrefundable individual income tax credit for expenses to retrofit residences with wind-resistive devices. The Insurance Division said it supported the concept but noted it may need an appropriation or outside expertise to develop certification standards, while the Department of Taxation said the bill should retain a third-party certification requirement if the Insurance Division cannot administer the credit. The Hawaii Insurers Council supported the bill, and the Tax Foundation suggested a subsidy-style program would be more efficient than a tax credit and criticized the bill’s 100% credit structure. A testifier in support argued the measure would help homeowners fortify houses against hurricanes and reduce shelter demand; written testimony from several others, including HIEMA, was noted as supportive. The committee then moved through SB 76, which would require the Hawaii Property Insurance Association to provide commercial property coverage after two private-market denials, and SB 83, which would require insurers to give advance written premium-change notices and explanations to common-interest community policyholders and the insurance commissioner, along with a report on premium increases. For SB 76, the State Insurance Division stood on its written comments, and testimony in support came from Michael Honda, the National Association of Mutual Insurance Companies, and Jessica Herzog. SB 83 drew more extensive discussion: the Insurance Division supported the need for better transparency, while the Hawaii Insurers Council opposed the bill, arguing that agents—not insurers—typically communicate with AOAO boards and that the measure could worsen an already difficult market. Insurance Division staff acknowledged widespread complaints from condo associations about lack of transparency and said the division had received many calls about premium increases and nonrenewals. The discussion on SB 83 expanded into broader concerns about condo insurance, nonrenewals, surplus lines, and the difficulty of getting timely explanations for large premium increases. Committee members and testifiers described older buildings struggling to fund repairs and upgrades while facing steep insurance costs, and some urged the committee to craft baseline statutory protections for unit owners. The Insurance Division said surplus lines serve a critical gap-filling role and warned against regulating that market in a way that could slow access to coverage. No votes or final committee actions were taken in the portion of the meeting provided.

Transcript Highlights:

• I've heard the word "surplus" used a lot.
• They ended up borrowing money when they had all that surplus.
• Surplus. And that's where I'd like to clarify the record.
• The annual revenue surplus for Hector is nowhere near 600 million.
• It said in 2019 they spent $125 million in surplus, whatever.

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722, SB 39

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident

Transcript Highlights:

• </c> a surplus, a sizable surplus um in that a surplus, a sizable surplus um in that there's<00:59:00.240
• </c><01:18:45.360><c> No</c> for allocating surplus funds. No for allocating surplus funds.
• There's<01:23:50.880><c> surplus.
• </c><01:23:56.880><c> If</c> there's additional surplus there. If there's additional surplus there.
• </c> portion of that surplus. portion of that surplus. &gt;&gt; Senator<01:25:22.480><c> Rasmmanson.

Keywords: 1187, senate, all

Transcript Highlights:

• But how do we, for example, better utilize the Surplus Land Act?
• I mean, it seems as though we're not really utilizing surplus government land or surplus land whatsoever
• The Surplus Land Act, through dispositions of exempt surplus land and surplus land, has actually created
• The Surplus Land Act, through dispositions of exempt surplus land and surplus land have actually, Land
• Act, through dispositions of exempt surplus land and surplus land have actually created a pipeline of

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• They have three years to recover that surplus or that equity they had.
• So our current statute for tax foreclosure surplus is Revised Statute 142.30.
• And for tax foreclosure surplus following a tax foreclosure sale.
• there to claim the surplus?
• Every county handles surplus differently, and that is because 142.30 is so vague.

Summary: The Special Committee on Tax Reform met in executive session and first adopted a substitute and then gave do pass recommendations to H.J.R. 115, which would align homestead language with the Senate version by changing the acreage limit from 2.5 acres to 5 acres, and to HB 2869, which was amended to tie a $500,000 threshold to CPI and use assessed value rather than market value. The committee also voted HB 3303 do pass without amendment after brief discussion about its purpose and potential tax implications. In regular hearing, the committee heard HB 2234 from Rep. Tricia Burns, which would change how surplus proceeds from tax foreclosure sales are handled. Burns and witness Tamara Rucker explained that when a home is sold for more than the delinquent taxes owed, the surplus can currently escheat to county revenue after three years; the bill would move those funds to the unclaimed property division and improve notice to property owners or heirs. Members discussed how the process works, the lack of uniform notification and payout standards, and the amount of surplus involved in some counties. No opposition testified. The committee also heard HB 2964, another bill from Rep. Burns, to move property tax bill mailing and delinquency dates later in the year, from early December/January to late February/April. Burns said the change would ease hardship around the holidays and help seasonal residents. Testimony from the Missouri School Boards Association raised concerns that districts would need to carry an additional 60 to 90 days of reserves, or roughly 15 to 20 percent more, to bridge the delayed revenue, though the witness said the impact would vary by district. The hearing concluded with no further business, and the committee adjourned.

Transcript Highlights:

• </c><00:10:14.040><c> to</c> required to use all Financial Surplus to required to use all Financial Surplus
• For example, how would we monitor that funds that are, or financial surplus derived from our project,
• </c><00:10:43.440><c> into</c> reinvesting financial Surplus into reinvesting financial Surplus into
• </c> could be ensured that Financial Surplus could be ensured that Financial Surplus would<00:11:28.160
• Surplus Surplus um<00:33:07.360><c> and</c><00:33:07.559><c> we'll</c><00:33:07.840><c> also</c><00:

Keywords: 912, senate, all

Summary: The committee heard testimony on a series of housing measures focused on streamlining approvals, reshaping financing programs, and expanding affordability requirements. SB 27 would exempt state-financed housing developments from County Council approval; SB 38 would bar county legislative bodies from changing housing proposals in ways that increase project costs; SB 25 would let counties reduce housing capacity in one area only if they offset it elsewhere with no net loss; and SB 379 would require perpetual affordability covenants for HHFDC projects and prohibit affordable housing in special flood hazard areas. SB 378 would create an HHFDC working group to identify mixed-use Maui properties for possible acquisition, SB 414 would authorize condemnation proceedings for a new Lānaʻi access road tied to disaster recovery, and SB 13 would eliminate the state income tax mortgage interest deduction for second homes. Testimony was mixed across the bills, with state agencies and housing advocates generally supporting faster permitting and more production, while county planners, NAIOP, Catholic Charities, and others raised concerns about local control, marketability, financing feasibility, and long-term affordability enforcement. A major portion of the hearing centered on the rental housing revolving fund. SB 70 would limit eligible applicants to government agencies or organizations that reinvest all surplus into additional housing; HHFDC said most developers would not object in principle but questioned how the surplus requirement would be enforced, while NAIOP and Catholic Charities opposed it as too restrictive and difficult to monitor. SB 71 would amend the fund’s preference criteria and eligibility rules, and SB 163 would require HHFDC to prioritize projects with the shortest repayment terms and highest unit production per dollar per year. HHFDC and some advocates supported the goal of faster recycling of funds, but NAIOP and Catholic Charities warned that shorter loan terms and narrowed preferences could burden developers and disincentivize projects, especially for lower-income tenants. The chair indicated SB 163 would be deferred and its concerns folded into amendments to SB 71. In decision-making, the committee voted to pass SB 27, SB 38, SB 70, and SB 71 with amendments, and SB 25 unamended. The chair said SB 27 would be amended to include projects with a state financing commitment and a report note that such projects still undergo 21-38 review; SB 38 would receive technical changes and language preventing county bodies from imposing cost-increasing conditions; SB 70 would add language addressing enforcement of the surplus requirement and a preamble citing the need to recycle taxpayer-financed housing value; and SB 71 would be amended to incorporate concerns raised in SB 163, including a broader preamble and revised priority criteria. SB 163 was deferred, while the other measures on the agenda were heard but no final action was described in the transcript excerpt.

Transcript Highlights:

• Uh, this amendment deals with surplus lines as well as the fair plan and how they fit together.
• this amendment deals with surplus lines this amendment deals with surplus lines as<00:09:46.800><c>
• Senator Seeberger, like yourself, I took a crash course in surplus lines over the last week.
• Uh and right now the surplus market.
• </c> without uh incentives, the surplus without uh incentives, the surplus market<00:12:47.120><c> is

Keywords: 1187, senate, all

Transcript Highlights:

• To ultimately get them to the surplus market.
• Let's try the surplus lines, and only then does it go into Citizens. Mr.
• Let's try the surplus lines and only then does it go into citizens. Mr.
• Let's get into the way things work right now with the admitted or surplus lines.
• Let's get into the way things work right now with the admitted or surplus lines.

Summary: The committee met with a quorum and heard several insurance- and trust-related bills. CS/HB 265, relating to post-judgment execution proceedings involving terrorism, was presented as a measure to help victims enforce long-standing judgments against terrorist assets; it received no opposition in testimony and was reported favorably. CS/HB 1173, concerning the Florida Trust Code, clarified that the Florida Attorney General is the only public official with standing to enforce charitable trusts administered in Florida; members discussed that it was intended to resolve ambiguity identified by a court decision, and it also passed favorably. The committee then took up PCS/HB 643 on residual market insurers. The bill would remove the “diligent effort” requirement for surplus lines placements, revise surplus lines eligibility, and let Citizens policyholders elect arbitration through DOAH or the courts at renewal or issuance. The sponsor argued the changes would reduce red tape and give consumers more options, while an opponent from the Florida Justice Association warned that removing diligent-search protections could push more policyholders into higher-cost, less-regulated surplus lines coverage and that arbitration could favor insurers. Committee members raised concerns about the lack of premium credits for arbitration, the effect on Citizens, and the loss of consumer protections, but the bill was reported favorably. Finally, PCS/HB 1047 on insurance regulation generated extensive debate. The bill would reduce pre-licensure hours for general lines agents from 200 to 60, clarify restrictions on public adjuster conduct, require claims-handling manuals only for active residential property insurers, and define “sufficient evidence” for bad-faith claims with examples and a 10-day objection/response process. Supporters said it would streamline claims handling and clarify timelines; opponents and several members argued it could burden policyholders, especially after disasters, and might make it easier for insurers to delay or deny claims. There was also concern about the reduced training hours for new agents and the lack of detail on what constitutes sufficient evidence or a specific objection. After a divided debate, the bill was reported favorably by a 12-6 vote. The meeting then adjourned.