Video & Transcript Research : 'premium structure'

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WY

Wyoming 2026 Regular Session

Select Committee on School Facilities, May 19, 2026 - AM

Select Committee on School Facilities

Transcript Highlights:
  • And the reality is that premiums are driven by claims in any sort of insurance.
  • That's what premiums are driven off of.
  • what premiums are driven off of. what premiums are driven off of.
  • What can we do from a structural sense to say how do you reduce damage?
  • sense to say how do you a structural sense to say how do you reduce<03:28:54.560> damage?
Keywords: 916, all
ND

North Dakota 2026 1st Special Session

Government Finance Committee Mar 19th, 2026 at 01:00 pm

Government Finance Committee

Transcript Highlights:
  • In the packet that we handed out, the very back has our current fee structure.
  • We'd lay our new rate structure against that.
  • Storage is at a premium.
  • Storage is at a premium.
  • . a three-floor structure with parking, two levels of parking.
Keywords: 908, all
MN

Minnesota 2025-2026 Regular Session

House Elections Finance and Government Operations Committee 2/25/26

Elections Finance and Government Operations

Transcript Highlights:
  • A statewide framework reflects a basic structural idea.
  • The state sets building codes so contractors are not navigating 50 different structural standards.
  • Counties and cities are structural idea.
  • <00:26:39.279> Criminal different structural standards.
  • Criminal different structural standards.
Bills: HF3351
FL

Florida 2026 Regular Session

Banking and Insurance Mar 3rd, 2025

Banking and Insurance

Transcript Highlights:
  • It requires the approval of at least 75% of all unit owners who reside within the structure or a building
  • that is subject to the mitigation grant, Owners who reside within the structure or a building that is
  • may only be awarded if the proposed work will result in a mitigation discount being applied to the structure
  • We believe that the program is intended to harden structures and reduce the risk of hurricane damage.
  • Not only does it help Floridians harden their homes, it also saves on their homeowners insurance premiums
Summary: The committee met with a quorum present and temporarily postponed SB 480 before taking up four bills. SB 282, relating to home service warranty association finance requirements, was explained as aligning Florida’s home warranty solvency rules with the framework already adopted for motor vehicle extended warranties. Two amendments were adopted: one correcting a cross-reference tied to the $100 million net worth option and another making a technical title change. A representative of the Florida Service Agreement Association waived in support, and the bill was reported favorably. The committee then considered two proposed committee bills preserving public records exemptions. SB 7008 would continue the exemption for certain records held by the Office of Financial Regulation related to financial technology sandbox applications, with staff explaining the exemption is narrow and intended to protect proprietary information. SPB 7010 would continue the exemption for sensitive records held by the Department of Financial Services when acting as receiver for an insolvent insurer, including policyholder personal information, claim data, and trade secrets; staff said the exemption mirrors existing protections and allows consumers to request their own information. Both measures were moved as committee bills and reported favorably. Finally, SB 592 revising the My Safe Florida Condominium Pilot Program was heard. The bill narrows eligibility to certain condominiums, changes owner approval from unanimous consent to 75%, and clarifies eligible roof mitigation techniques. Two amendments were adopted: one requiring the grant work to match the initial inspection report and comply with inspection requirements, and another limiting grants to work that results in a mitigation discount. Testimony was supportive, including from home inspectors and AARP Florida, and senators praised the program’s benefits for hardening homes and lowering insurance costs. SB 592 was reported favorably, and the committee adjourned.
MN

Minnesota 2025-2026 Regular Session

Committee on Jobs and Economic Development - 02/23/26

Jobs and Economic Development

Transcript Highlights:
  • > between Generally, premiums are shared between Generally, premiums are shared between employers
  • Small employers pay a reduced premium Small employers pay a reduced premium under<00:08:11.520><
  • The reduced employer premium 888%.
  • <00:09:59.440> and responsible for the usual premiums and responsible for the usual premiums
  • Uh we a premium collection begins.
Keywords: 1187, senate, all
FL

Florida 2025 Regular Session

Banking and Insurance Mar 3rd, 2025

Transcript Highlights:
  • IT LIMITS PARTICIPATION TO CONDOMINIUMS THREE STORIES OR MORE AND REQUIRES THE STRUCTURE OF THE BUILDING
  • IT REQUIRES APPROVAL OF 75 PERCENT OF ALL UNIT OWNERS WHO RESIDE IN THE STRUCTURE AND BUILD IS SUBJECT
  • PROGRAM MAY BE AWARDED IF THE PROPOSED WORK WOULD RESULT IN MITIGATION DISCOUNT BEING APPLIED TO THE STRUCTURE
  • FOR CONTINUING THE PROGRAM NOT ONLY DOES IT HELP FLORIDIANS IT SAVES ON THE HOMEOWNERS INSURANCE PREMIUMS
Keywords: 999, senate, all
NH

New Hampshire 2026 Regular Session

House Science, Technology and Energy (01/29/2026)

Science, Technology and Energy

Transcript Highlights:
  • by reducing financing rate and structure favorable terms throughout the state's back bonds.
  • They already pay structures, right?
  • So that was a structural way to do that.
  • <05:13:11.200> For<05:13:11.600> customers structural way to do that.
  • For customers structural way to do that.
Keywords: 1189, house, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Labor and Workforce Development Jun 21st, 2026 at 10:00 am

Joint Committee on Labor and Workforce Development

Transcript Highlights:
  • There are varying different structures between the House and the Senate.
  • Structural steel is typically delivered to a job site.
  • Structural steel is typically delivered to a job site.
  • Massachusetts already pays a premium for public construction.
  • Massachusetts already pays a premium for public construction.
Keywords: 995, all
Summary: The hearing focused on several labor-related bills, especially proposals to give legislative employees the right to organize and collectively bargain, close a prevailing wage loophole for off-site prefabrication work, and strengthen enforcement against wage theft. Committee chairs opened the hearing by explaining the hybrid format and asking witnesses to keep testimony brief. Multiple legislators testified in support of the legislative staff union bill, saying staff deserve the same bargaining rights as other public employees and that unionization would improve pay, benefits, retention, and workplace dignity. Witnesses also discussed how the bill would likely be structured, with separate House and Senate bargaining arrangements or locals, and emphasized that it would only create the option to unionize, not require it. A second major topic was the prevailing wage bill addressing off-site fabrication and prefabrication in construction. Union leaders, contractors, and workers described how more work is being shifted from job sites into shops, especially in sheet metal, HVAC, electrical, and pipefitting work, and argued that the law should treat that work the same as on-site construction when it is part of a public project. They said the current loophole lets some contractors underbid by paying lower wages off-site, while responsible contractors already pay prevailing wages in their shops. Supporters argued the bill would protect workers, preserve apprenticeship and training standards, improve safety and quality, and make enforcement easier through certified payroll and clearer definitions. The committee also heard testimony on wage theft legislation. Representative Dan Donahue, the Attorney General’s Fair Labor Division, AFL-CIO representatives, and carpenters’ union witnesses described wage theft, misclassification, labor brokers, and tax fraud as widespread problems that hurt workers, honest contractors, and public revenues. They supported giving the Attorney General stronger enforcement tools, adding contractor accountability up the subcontracting chain, and protecting workers from retaliation and from delays that can cause claims to expire. A separate witness supported a bill to extend the statute of limitations for Wage Act cases while AG investigations are pending, and another supported changes to help hospital workers enforce timely payment rights. No votes were taken during the hearing; witnesses repeatedly asked for favorable reports on the bills.
VT

Vermont 2025-2026 Regular Session

House Session - 2026-05-08 - 9:30AM

Vermont House Floor Meeting

Transcript Highlights:
  • And whereas this operational structure is intended to ensure Vermonters receive the necessary support
  • And whereas this operational structure is intended to ensure Vermonters receive the necessary support
  • And whereas this operational structure is intended to ensure Vermonters receive the necessary support
  • <00:42:13.280> or<00:42:13.599> reinvested health insurance premiums or reinvested
  • health insurance premiums or reinvested in<00:42:14.480> primary<00:42:14.960> care<00:
Keywords: 926, house, all
Summary: The House began with devotional remarks and then handled several procedural referrals. Senate bills 198 and 323 were referred to the Committee on Ways and Means under House Rule 35A because they affect state revenue, and Senate Bill 326 was also referred to Ways and Means after the Transportation Committee reported it favorably with amendment. House Resolution 18, supporting preservation of the Julian Scott birthplace in Johnson, was read by title and referred to the Committee on Corrections and Institutions under House Rule 52. The chamber then read a series of adopted House concurrent resolutions honoring Vermont schools and individuals, including the Fair Haven Union High School Slater bowling team, the Hartford High School Hurricanes girls ice hockey team, the Hartford girls basketball team, Theres Black as Vermont Mother of the Year, and the Mount Mansfield Union High School girls tennis team. Members made brief announcements welcoming some of the honorees and guests to the chamber, including the Mount Mansfield tennis team, Theres Black, the Fair Haven bowling team, and others. The main floor action was on House Resolution 17, affirming that all Vermonters are presumed competent to communicate and must be provided communication resources of their choice. The Human Services Committee chair explained the resolution grew out of testimony on alternative communication methods, including facilitated communication and rapid prompting method, and said the committee heard from people with lived experience, professionals, and written testimony from medical and speech-language organizations. The committee reported the resolution out 9-0-2, and the House adopted it. The House then took up Senate Bill 209, relating to prohibiting civil arrest in sensitive locations, and proceeded to its third reading and concurrence-with-amendment question.
FL

Florida 2025 Regular Session

February 18, 2025 - 03:30 PM

Transcript Highlights:
  • There is for structural integrity reserves.
  • What is an unsafe structure issue?
  • Griffin explained, the SERS is the Structural Integrity Reserve Study.
  • cost for all the structural plumbing and electrical components of the building.
  • And we found so much structural damage in those buildings.
Summary: The committee held an informational hearing on condominiums, focusing on recent statutory changes, building safety, reserve studies, inspections, insurance, and related enforcement issues. Pete Dunbar, speaking for the Florida Bar’s Real Property, Probate and Trust Law Section, reviewed the evolution of Florida’s condominium law and recommended several refinements, including allowing boards to levy special assessments and borrow for post-inspection repairs, easing termination when repair costs exceed value, clarifying treatment of nonresidential condominiums, strengthening recall procedures, clarifying reserve and inspection standards, addressing conflicts of interest, improving electronic participation, and cleaning up notice and disclosure requirements. He also suggested revising insurance provisions so a third coverage option could be used more effectively. Ron Liseca and engineer Mr. Noguera explained the milestone inspection and Structural Integrity Reserve Study (SERS) process, emphasizing that milestone inspections assess structural deterioration while SERS estimates long-term repair and reserve funding needs. They described the 25- and 30-year inspection timelines, the lack of a central statewide database, and the practical challenges of finding qualified professionals and educating associations. Secretary Melanie Griffin said DBPR oversees 27,750 condominium associations, has increased outreach and complaint resolution, and has seen a 39% increase in complaints this fiscal year. She reported that about 11,270 associations self-reported buildings three stories or higher, and that as of early February DBPR had received 4,096 SERS completion submissions after follow-up outreach, with a median reported SERS cost of $6,000, though she cautioned that much of the optional data is unreliable. Emilio Rodriguez, a contractor, stressed the cost and capacity challenges facing associations and contractors, warning that some projects are delayed by board disputes, legal challenges, and a shortage of qualified labor, which can lead to higher assessments and repeated repairs. Members asked about enforcement, insurance availability, coastal deterioration, sinking and foundation issues, and private provider conflicts of interest. Witnesses generally supported more uniform standards, better local and state coordination, and possible tighter oversight of private providers, while cautioning against frequent statutory changes that could add confusion. In closing discussion, members highlighted the burden on older residents and fixed-income owners, the need to keep communities habitable, and the importance of clearer allocation of assessments and stronger board accountability.
WY

Wyoming 2026 Regular Session

Joint Appropriations Committee, June 23, 2026

Appropriations

Transcript Highlights:
  • So, um, I guess just in simple language, are premiums going to go up? >> Mr.
  • And then, do you help me understand the reason for the premiums going up? >> Mr.
  • Will put downward pressure on premiums?
  • So, we're getting the premium. The answer is yes and no.
  • And so, they just say, "Hey, you don't have to pay your insurance premium this year."
Keywords: 916, all
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 17th, 2026 at 09:11 am

House Appropriations & Finance

Transcript Highlights:
  • Premiums for policyholders.
  • On line 49, I just see that the agency says governor for employee liability insurance premiums.
  • This item would cover the increase in premiums, which has been fairly significant recently. premiums,
  • Chair and representatives, the Environment Department also pays liability insurance premiums.
  • On line 140, there's 38.1 million to reduce health care premiums and cost sharing.
Keywords: 996, all
HI
Transcript Highlights:
  • The intricacies of structural steel, rigging, and load-bearing calculations are not something that you
  • <00:09:18.480> steel the intricacies of structural steel the intricacies of structural steel
  • per year and they would $102 in premiums per year and they would receive<00:34:55.040> $54<00
  • In this bill, employers may cover 100% of the premiums. It does not require workers to pay half.
  • <01:19:17.840> compared least in the benefit structure compared least in the benefit structure
Keywords: 910, house, all
FL

Florida 2026 Regular Session

Appropriations Committee on Transportation, Tourism, and Economic Development Jan 14th, 2026

Appropriations Committee on Transportation, Tourism, and Economic Development

Transcript Highlights:
  • requesting a $1.5 million to establish a state-sponsored health care insurance pilot program, providing premium
  • The pilot program will close the coverage gaps by reimbursing individual premiums for TRICARE Reserve
  • And because of the force structure and the MILCON that we're getting from the state and those new armories
  • This is directly related to bringing down National Flood Insurance policy premiums.
  • This is directly related to bringing down national flood insurance policy premiums.
Bills: S0048
Summary: The Appropriations Committee on Transportation, Tourism, and Economic Development heard presentations on the Governor’s recommended budget for fiscal year 2026-27 and then considered one bill, CS/SB 48 on accessory dwelling units (ADUs). The Governor’s office outlined a $117.4 billion overall budget, with transportation and economic development receiving about $18 billion statewide and $601 million in general revenue. Agency heads then presented priorities for Commerce, Highway Safety and Motor Vehicles, Military Affairs, State, Transportation, Emergency Management, and the Florida State Guard, emphasizing workforce development, housing, tourism marketing, aviation and space infrastructure, law enforcement recruitment, emergency preparedness, and military readiness. In the Commerce presentation, Secretary Kelly highlighted funding for housing programs, the Hometown Heroes program, the Florida Job Growth Grant Fund, rural infrastructure and workforce grants, Reconnect and Florida WINS systems, law enforcement and firefighter recruitment bonuses, defense support, Visit Florida, Space Florida, and SelectFlorida. Senators asked about Visit Florida’s private match requirements and whether the agency fully leveraged prior appropriations; Visit Florida’s CEO said the match was met and exceeded, though it is difficult but important. The Highway Safety and Motor Vehicles presentation focused on trooper pay, pursuit vehicles, aviation assets, and enterprise data systems, with questions about immigration enforcement and body cameras. Military Affairs requested funding for readiness centers, training facilities, education and health benefits for Guardsmen, and maintenance of existing armories; members discussed Guard deployments, staffing levels, and a proposed firing range project. The Department of State requested funds for automated election audits, a conservation lab, and historic preservation, and defended its arts grant process and rule changes. Transportation’s budget emphasized a $14.3 billion work program, road and bridge maintenance, aviation and aerospace, safety initiatives, and seaport investments, while Emergency Management requested funding for preparedness, flood mitigation, WebEOC, grants management, and alert systems; senators also asked about the Alligator Alcatraz detention facility. For CS/SB 48, Senator Gates explained that the bill would require local governments to allow property owners to voluntarily create ADUs, while preserving local authority over setbacks, construction, and permitting. An amendment removed reusable tenant screening reports and clarified that conforming ADUs would be allowed by right without a separate hearing. The Florida Restaurant and Lodging Association supported the bill, saying ADUs could help provide long-term housing for service workers. After questions about local government and HOA authority, the committee adopted the amendment and then reported CS/SB 48 favorably by roll call vote.
KY
Transcript Highlights:
  • Um it put a mandate structure in place that said basically three things.
  • Um it put a mandate structure counties.
  • They did a great job setting up a structure, getting the checks to the counties.
  • And then the third most common is the insurance premium tax.
  • That accounts for about premium tax.
Keywords: 958, all
Summary: The committee first heard an update from representatives of the Kentucky County Clerk’s Association on the transition to electronic recording and land records modernization. They reviewed the 2021 task force work, the legislation and budget funding that followed, and the requirements for county clerks to provide online search portals and complete 30-year property record searches, with a 60-year standard expected next summer. Speakers said most counties are still working through scanning and verification, with only a small number fully complete, and emphasized that verification of records is the main bottleneck because it requires staff time and careful matching of indexes to deeds. They also noted limited vendor availability, differences among counties in what records are already digitized, and that the association and land title attorneys are now working more closely on future “continuous improvement” legislation. The clerks also raised related issues, including concerns about deed fraud as more records become searchable online. They said some counties already offer notification services that alert property owners when a document is recorded, which can help owners respond quickly to suspicious filings. They also discussed the filing document storage fee and KDLA digitization grants, saying the funding structure has generally worked but that two grant cycles have been missed. Another topic was whether, once records are fully digitized and searchable, some permanent records should remain publicly accessible or be moved to a safer archive. In response to committee questions, the witnesses said the remaining delays are less about money than staffing shortages and the need for more manpower to complete verification, and they said they would follow up on the balance in the KDLA fund and other details. The committee then received a presentation from an Area Development District representative, who described the districts as regional, nonpartisan service organizations that help cities and counties pool resources, provide technical assistance, and leverage public and private partnerships. He highlighted examples of regional cooperation, including veterans-directed care and other shared programs, and argued that the districts create efficiencies and economies of scale for local governments and the state. No votes or formal actions were taken during the portion of the meeting provided.
FL

Florida 2026 Regular Session

Regulated Industries Jan 14th, 2025

Regulated Industries

Transcript Highlights:
  • They've had several structures.
  • You're not seeing any issues whatsoever with structural integrity?
  • For the structural integrity reserve study, it's just for that set of structural integrity items, and
  • For the reserve study, it's just for that set of structural integrity items.
  • What is that beginning balance of the structural integrity of that reserve fund?
Summary: The committee on Regulated Industries convened with a quorum and began a panel discussion focused on condominium milestone inspections and structural integrity reserve studies (SIRS), with members framing the topic as part of Florida’s post-Surfside condo safety reforms. The chair and panelists reviewed how the state got here, emphasizing that the problems predated Surfside and were driven by long-term deferred maintenance, underfunded reserves, and aging buildings. Panelists included representatives from Florida Realtors, engineering and reserve-study firms, a CPA, a community association attorney, and Broward County’s building safety official, all of whom described their roles in inspections, reserve planning, and code enforcement. Testimony centered on what inspectors are finding in the field. Panelists said the most common problems are not subsidence but wear-and-tear and maintenance failures, especially in stairways, balconies, roofs, parapet walls, waterproofing, and corrosion. They described examples of buildings with hidden deterioration, hurricane-exposed damage, and associations that were underfunded despite prior inspection regimes in Miami-Dade and Broward. Dr. Barbosa explained that Miami-Dade’s recertification program began in the 1970s and Broward’s in 2005, with current timelines generally requiring notice, a first milestone review, and then time to begin substantial repairs; she said the program has improved compliance but that SIRS has added confusion. Members also raised concerns about the cost and implementation of SIRS, including whether reports are being used to generate unnecessary work, whether contractors or firms have conflicts of interest, and whether the law’s use of “fully funded” is being misunderstood. Panelists said the statutory reserve requirement is better understood as baseline funding, not having all money in the bank immediately, and suggested clearer definitions and possibly changing the terminology to “adequately funded.” They also discussed the need to separate required structural items from optional or cosmetic items in reserve reports, improve transparency for buyers and lenders, and ensure associations provide documents through websites and other portals. No votes were taken. The committee used the meeting as an information-gathering session and signaled that more panels and discussion would follow, with members and witnesses agreeing that the state may need further clarification, education, and possible statutory adjustments to reduce confusion while preserving building safety.
NJ

New Jersey 2026-2027 Regular Session

Assembly Budget Jun 28th, 2026

Transcript Highlights:
  • They don't want any premium sharing, co-pay, deductible of any kind.
  • So is this bill creating a structural deficit in FY28?
  • But I do want to highlight that the structural deficit has remained.
  • What impact does that have on the structural deficit for FY 27?
  • The structural deficit still decreases.
Keywords: 1146, all
Summary: The Assembly Budget Committee met on June 28, 2026 and considered a long list of budget and policy bills, reporting many of them out of committee, often with amendments. Early measures included AB 2550 on continued dependent health coverage for certain adults with disabilities, AB 4794 allowing tax data sharing with the New Jersey Innovation Authority and Secure Choice Savings Board, and AB 3381/SB 1493 updating occupational therapy licensure requirements. The committee also advanced AB 4014, creating a social media research center at a public four-year institution, though one member opposed it as unnecessary spending given existing research on social media harms. Another bill, AB 5048/SB 1281, would ban certain apparel and diaper products with intentionally added PFAS; some members opposed it over safety and cost concerns, especially for firefighter gear, but it was reported. The committee also moved AB 383, which promotes volunteerism to help FamilyCare and SNAP recipients meet eligibility requirements, and AB 4357, extending telehealth pay parity, though one member objected to parity between telehealth and in-person care. The committee then took up several energy, environmental, and housing-related bills. AB 5188, the Advanced Grid Technologies Act, was released despite opposition from some members and labor interests. AB 2524 would let dual-use solar projects participate in community solar, and AB 5236 would strengthen pediatric psychiatry and behavioral health services; both were reported. AB 5348, allowing temporary use of open-space and related funds for certain municipalities, drew sharp criticism as a diversion of preservation money to fill budget holes, but passed. AB 5280 returned unexpended county appropriations to Hudson County and authorized supplemental operating aid; it also passed despite objections about prior bidding violations. AB 5347 provided certain motor vehicle-related funding to municipalities and was reported, as was AB 5334/SB 4423, appropriating Green Acres and CBT revenues for local open space and park projects. A major portion of the meeting focused on tax and business-related bills. AB 5329 increased the child tax credit for 2026-2028, with testimony urging that the expansion be made permanent; it was reported. AB 3899, the General Contractor Licensing Act, also passed. AB 5310/SB 4406 clarified sentencing under certain circumstances and was reported. AB 5330, allowing temporary transfers in the pension system, drew testimony from NJEA warning that the State Health Benefits Program was in crisis and asking for a longer repayment period to avoid rate spikes; the bill was still reported. AB 1326 created a higher education governance and funding task force and was amended to add a Talmudic institution or theological seminary representative. Later, AB 5333/SB 4424 appropriated additional Green Acres and CBT funds for recreation and conservation projects and was reported. The committee also advanced several business and alcohol-related measures, including AB 5235 establishing the School-Based Partnership for Access and Resilience for Kids program, AB 5325 reducing business formation fees, AB 4836/SB 2368 on portable solar devices, AB 4881 establishing an advanced nuclear energy procurement program, AB 3974/SB 3183 revising renewable energy incentive and solar interconnection rules, AB 4013 creating a social media research center focused on addictive behavior, AB 5225 making temporary alcohol beverage provisions permanent, and AB 5295 revising alcoholic beverage licensing laws. The most contentious debate came on AB 4085, the Fair Price Protection Act, which would restrict “surveillance pricing” and regulate grocery pricing practices. Consumer advocates supported the bill as a protection against individualized pricing, while retailers and chambers of commerce argued the language was too broad and could undermine loyalty programs, discounts, and electronic shelf labels. Despite those objections, the committee voted to report the bill after amendments. Finally, AB 4530/SB 3739 on EV supply equipment standards was reported, and AB 5322 imposing a temporary cap on net operating loss deductions under the corporate business tax sparked strong opposition from business groups and a policy debate over whether legitimate losses and investment-related deductions should be limited; the bill was still moved out of committee.
FL

Florida 2026 4th Special Session

January 21, 2026 - 10:00 AM

Transcript Highlights:
  • . >> Or the money to ensure that the premium you're paying doesn't have to go up because of that transfer
  • what we're trying to do throughout it: making sure that the insurance companies we're collecting a premium
  • are actually utilizing it for what that premium was intended for.
  • are actually utilizing it for what that premium was intended for.
  • The structure is under a homeowner's insurance policy. Will they save money? >> You're recognized.
Summary: The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably. HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably. The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.
TX
Transcript Highlights:
  • So that was the structure behind the program.
  • They could probably get a premium for it.
  • the politics of it, if Texas had a gold one-ounce coin... ...would probably sell at a pretty high premium
  • Banks pay into, um, they pay insurance premiums into the Deposit Insurance Fund, the DIF.
  • And it's charged at a premium.
MN

Minnesota 2025-2026 Regular Session

Committee on Health and Human Services - Part 2 - 03/17/26

Health and Human Services

Transcript Highlights:
  • for<00:02:51.440> Minnesotans,<00:02:52.280> the<00:02:52.400> state in premiums
  • for Minnesotans, the state in premiums for Minnesotans, the state would<00:02:53.000> defray<
  • structure because they're not listed as an optional staff in statute.
  • Again, all current fee structures remain unchanged.
  • So, that's the change a premium payment.
Keywords: 1187, senate, all