Transcript Highlights:

• down Minnesota's prior attempt to regulate AOS electricity production, ruling that it violated the dormant
• it<00:02:02.640> violated<00:02:03.360> uh<00:02:03.479> the<00:02:03.600> dormant
• <00:02:04.200> Commerce it violated uh the dormant Commerce it violated uh the dormant Commerce

Keywords: 1183, house

Transcript Highlights:

• That the west side of town is so dormant, and because it is so dormant, you have wider streets.
• It's not that the community is so bad; it is that it's so dormant.
• So if I'm going to commit a crime, I'm going to find these dormant pockets because guess what?

Keywords: 1136, house, all

Transcript Highlights:

• The concern here is this location had sat dormant for 25 years.
• think the first part of this legislation is very appropriate, that if a permit is sitting essentially dormant

Bills: HB1237, HB2663, HB3071, HB4384

Keywords: occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029

Transcript Highlights:

• It may trigger the dormant commerce clause, which creates a conflict with federal law, increasing the
• It may trigger the dormant Commerce Clause, which creates a conflict with federal law, increasing the

Keywords: House Committee Room C, General Assembly Building, 976, house, all

Transcript Highlights:

• So the first question was around the dormant facilities. I'm so sorry to interrupt.
• for deferred maintenance backlog and decarbonization, do include the facilities that are currently dormant
• The decarbonization, we have not included MCI Concord, but the other dormant facilities are still included

Keywords: 995, all

Summary: The Special Commission on Correctional Consolidation and Collaboration met on October 17 with members attending in person and virtually. The commission approved the September 15 minutes and then heard a detailed presentation from DCAM Commissioner Adam Bakey on the correctional facilities portfolio, including the age and condition of DOC and sheriff facilities, deferred maintenance, ADA compliance, decarbonization mandates, and how capital funding is allocated. Bakey said the correctional portfolio includes 36 facilities, with average ages over 50 years, and described how older, rapidly built facilities from the tough-on-crime era now face significant maintenance and replacement needs. He also explained the distinction between catch-up deferred maintenance and ongoing keep-up needs, and noted that construction costs and code thresholds have made projects more expensive. Commissioners and sheriffs asked about ADA requirements, aging and overcrowded facilities, hazardous materials, parts availability for obsolete systems, plumbing and health risks, and whether a newer, more modern correctional facility should be considered. Bakey said many projects trigger broader code upgrades, that some dormant facilities remain in the portfolio, and that health-care and correctional construction are among the most expensive building types. He outlined current funding, including annual deferred maintenance allocations for DOC and formula-based five-year commitments for sheriffs, plus a new competitive capital program for larger sheriff projects. He also explained the Designer Selection Board and “house doctor” process used to procure architects and engineers. The commission then shifted to planning its next steps, focusing on public input. Members agreed the next meeting should likely be a public hearing or include public testimony, with possible input from people with lived experience and consideration of facility tours, especially of women’s facilities such as Framingham. Members emphasized the need to define the commission’s scope clearly so testimony stays focused on structural and consolidation issues rather than all correctional policy topics. The meeting ended with plans for the co-chairs to coordinate the public process and a motion to adjourn, which passed without opposition.

Transcript Highlights:

• They are the type of resource that's very agile and flexible and can be pretty close to dormant and then
• They are the type of resource that's very agile and flexible and can be pretty close to dormant and then
• They are the type of resource that's very agile and flexible and can be pretty close to dormant and then
• They are the type of resource that's very agile and flexible and can be pretty close to dormant and then
• <00:24:37.240> and Commissioner Partridge: And can be pretty close to dormant and then just

Keywords: 1187, senate, all

Transcript Highlights:

• definitely an impact on being able to monitor and respond to CWD, whether it's in the wild or in captive
• Two previously dormant funds, the Rural Water Assistance Fund, or RWAF, and the Water Loan Assistance

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• This bill pertains to just two types of captives: risk retention groups and sponsored captive insurance
• it<00:10:46.880> reflects<00:10:47.120> a captive insurance and it reflects a captive
• many of us here know, a captive many of us here know, a captive insurance<00:10:53.920> company
• > sponsored<00:11:13.200> captive<00:11:13.680> insurance groups and sponsored captive
• Sponsored captives typ coverage.

Keywords: 927, senate, all

Transcript Highlights:

• We are focused on understanding and speaking to what we consider dormant allies or unengaged folks—folks
• We are focused on understanding and speaking to what we consider dormant allies or unengaged folks.
• It's just dormant because they don't have the information to be able to stand up.
• It's just dormant because they don't have the information to be able to stand up.

Keywords: 995, all

Summary: The meeting began with roll call, approval of the May 5 minutes, and opening remarks thanking commissioners and the public for their attendance. The commission then heard testimony from former Ambassador Alan Solomont, who argued that antisemitism is rising in multiple forms, including white nationalist antisemitism and antisemitism tied to anti-Israel rhetoric after October 7. He said campus antisemitism should be addressed with nuance, distinguishing protected political speech from conduct that targets Jewish students, and warned against weaponizing antisemitism to attack higher education, civil liberties, or federal research funding. He urged the commission to use multiple definitions and frameworks, including IHRA, Nexus, and the Jerusalem Declaration, and to focus on campus-specific solutions, civic education, and civil discourse. Commissioners asked him about Tufts’ antisemitism training, the role of the federal government, the use of the IHRA definition, and how to improve civic education; he emphasized local campus responses, broader civics instruction, and protecting democracy and due process. The second major witness was Professor David Weber of Boston University, who testified on the BDS movement and anti-BDS laws. He described BDS as a campaign targeting Israeli businesses, universities, and institutions, and argued it functions as a propagandistic and discriminatory effort that fuels antisemitism and chills dialogue on campuses and in public life. He cited examples such as SodaStream, Ben & Jerry’s, and Brown University, and said anti-BDS laws in 37 states have been effective and constitutional because they regulate government economic activity rather than suppress speech. Weber urged Massachusetts to adopt an anti-BDS statute or executive order, saying the state’s large Jewish population and economic ties to Israel make the issue especially important. Commissioners questioned him about which states have such laws, the impact on dialogue and campus culture, possible legal frameworks, and whether BDS is really aimed at the Israeli government or at individuals and institutions; he maintained that BDS targets people and entities connected to Israel and that anti-BDS measures can help draw a line against illiberal conduct.

Transcript Highlights:

• This measure allows captive insurance companies that are not risk retention captive insurance companies
• This measure allows captive insurance companies that are not risk retention captive insurance companies
• This measure allows captive insurance companies that are not risk retention captive insurance companies
• This measure allows captive insurance companies that are not risk retention captive insurance companies
• insurance and support Hawai captive insurance and support Hawai captive Insurance<00:21:35.240><

Keywords: 912, senate, all

Summary: The committee heard several insurance and condominium-related bills. SB 1137 would require insurers to notify policyholders of approved rate changes within 30 days and at least 30 days before the effective date. The Insurance Division supported the bill, while testimony focused on condominium master policies and whether the notice period would be enough for associations to respond to rate increases. The division said the bill would mainly affect admitted carriers, not surplus lines insurers that write many condominium master policies, and warned against limiting the nonadmitted market. SB 293, requiring sellers to disclose when USPS cannot deliver mail or packages to a residential property, was also heard with HAAI Realtors commenting. SB 752 would extend notice periods for cancellation or nonrenewal of property-casualty policies; the Attorney General’s Office raised concerns about contractual impairment and retroactive application. The committee also heard SB 575, which would allow authorized insurers to offer building and hurricane damage coverage for condominium buildings at a lower rate than prior surplus lines coverage. The Insurance Division stood on written testimony, and a condominium owner urged amendments to require a membership vote before such coverage changes, citing concerns about condominium self-governance. SP 1046 would require managing agents to notify unit owners and the Real Estate Commission when a condominium association fails budget and reserve reporting requirements. The Real Estate Commission said the bill was administratively workable as drafted but noted ambiguity over who counts as the “managing agent”; several testifiers opposed the measure, arguing it could disrupt the principal-agent relationship and impose legal judgment on nonlawyers, while others supported it. SP 150, dealing with captive insurance companies seeking exemption from examinations, drew the most detailed discussion. The Captive Insurance Council supported the bill as a way to reduce duplicative oversight and improve Hawaii’s competitiveness, while the Insurance Division opposed it as drafted, citing concerns about broad commissioner discretion, possible missed issues between exams, staffing shortages, and the need to preserve oversight. A committee member asked about a possible middle ground, including a shorter exemption period or limiting the bill to self-attestation companies; the division said it would need more information and that annual filings and approval requirements would still provide oversight. The committee also heard SP 212, which would require at least two Real Estate Commission members to be licensed engineers or architects; testimony included support and a concern about conflicts of interest among people who serve in multiple roles in the condominium and real estate sectors. No votes or final actions were taken in the portion provided, and the chair moved from one measure to the next after testimony and questions.

Transcript Highlights:

• structures. most importantly and terribly, 18 lives were lost because of a long decommissioned tower and dormant
• So there are 6,000 more stories of heartbreak and devastation, likely because a long dormant structure

Keywords: 988, house, all

Transcript Highlights:

• > to captive insurance companies to captive insurance companies to underwrite,<00:05:29.199>
• from captive insurance. from captive insurance.
• what captive insurance laws are and how they operate if we are to make a bill that allows a captive
• what captive insurance laws are and how they operate if we are to make a bill that allows a captive
• allows a captive to cover public the allows a captive to cover public the public. public. public.

Keywords: 912, senate, all

Summary: The committee first took up a short-form administrative licensing measure requested by the administration to correct and clarify renewal provisions in a prior bill. Members raised no questions, and the committee voted to adopt the proposed Senate draft and recommit the bill back to the Commerce and Consumer Protection Committee for a further public hearing. The committee then heard SB 2876 on natural hair braiding, which would exempt natural hair braiders from licensing under certain conditions. The Board of Barbering and Cosmetology said it views hair braiding as within the broader scope of cosmetology, but agreed that people who only braid hair should not need a license because the training and exam requirements are minimal. The board warned, however, that exempting braiders could create consumer protection gaps involving sanitation, training, and enforcement, and noted that related services such as waxing, cutting, coloring, shampooing, and relaxing would still require licensure. Supporters included the Grassroot Institute of Hawaii and the Institute for Justice. The committee also heard SB 2950 on captive insurance and SB 2951 on insurance proceeds. On SB 2950, the Insurance Division opposed the bill, saying captive insurance is designed for formal self-insurance for companies and that allowing captives to insure the public would not fit the existing regulatory framework; a fire survivor advocate supported the measure as a way to expand disaster-related insurance options. On SB 2951, which would require mortgage servicers to follow certain rules for disbursing insurance proceeds after residential damage or destruction, United Policy Holders strongly supported the bill, citing delays in releasing funds and the need to help survivors rebuild, while banking and financial industry groups submitted opposition or comments. Finally, the committee heard SB 2952, SB 2960, and SB 2964, all related to property insurance and disaster recovery. SB 2952 and SB 2960 would extend the time policyholders have after a declared disaster to submit documentation and recover replacement cost value, with supporters arguing that rebuilding after major disasters takes far longer than standard policy deadlines allow and that the bills would improve consumer protection and transparency; the Insurance Division, the Insurance Council, and national insurance groups opposed the measures. SB 2964 would require annual disclosures of replacement cost value and coverage sufficiency; the Insurance Council opposed it as costly and unnecessary because policies already include inflation-related adjustments, while United Policy Holders and fire survivors supported it, saying many homeowners are underinsured and do not understand their coverage.

Transcript Highlights:

• Allows captive insurance companies that are not risk retention captive insurance companies to apply to
• 42:39.240> that Allows captive insurance companies that Allows captive insurance companies that
• when we talk [snorts] about captive when we talk [snorts] about captive insurance<00:51:05.480><
• because captive insurance in insurance because captive insurance in essence<00:51:07.360> is<
• ,<00:52:01.200> which<00:52:01.360> is from the captives, which is from the captives

Bills: SB2607, SB2031, SB2043, SB2623, SB2876, SB2396, SB2964, SB2089

Keywords: landscape architecture, licensure, educational requirements, examination, professional standards, consumer protection, junk fees, live-event tickets, short-term lodging, transparency, pricing disclosure, deceptive practices, insurance, captives, regulations, policyholders, SB2623, Hawaii pharmacy law, Board of Pharmacy, registered pharmacy technician

Summary: The committee first heard HCR 168 and HR 158, which would create a temporary working group to study utility capacity, coastline infrastructure lifespan, and the costs of needed expansions. Public Utilities Commission staff said the commission was not the right entity to direct all of the work because it lacks authority over many affected agencies. Members discussed whether the study should be limited to a coastal area or broadened to the whole island, and in decision-making the committee amended the measure to focus on the County of Honolulu, correct references to the Public Utilities Commission, and revise the working group membership to include the PUC chair, legislative designees, and directors or designees from DLNR, DOT, HIEMA, and DCCA Consumer Advocacy. The committee then passed both resolutions with amendments; the vote was adopted unanimously, with some members excused. The committee next considered HCR 145 and HR 137, which would convene a working group on climate change impacts on insurance availability and affordability. The Insurance Division stood on its written comments, the Climate Change Mitigation and Adaptation Commission supported the intent, and the Attorney General opposed the measure, warning that a working group could create discoverable materials that might complicate the state’s climate litigation and noting a technical ambiguity in the reference to the Hawaii Hurricane Relief Fund administrator. After questions about discovery and the lawsuit, the committee amended the resolutions to replace the administrator reference with the chair of the Hawaii Hurricane Relief Fund Board of Directors, remove the Attorney General as convener while keeping the office as a member, and have the working group share findings and recommendations with the House CPC and Senate CPN committees instead of issuing a report. The committee passed the measures with amendments, with Rep. Martin voting with reservations. In the later agenda, the committee heard SB 2607, SD 1 on landscape architect licensure. The Board of Professional Engineers, Architects, Surveyors, and Landscape Architects supported the bill, explaining it modernizes licensure requirements to align with national standards and clarifies the profession’s design-focused role. The bill was discussed as distinguishing landscape architecture from groundskeeping and from civil engineering drainage work. No opposition was heard. The committee also heard SB 2031, SD 2 on consumer protection and price transparency for live ticket events and short-term lodging. The Office of Consumer Protection supported the bill, saying it largely mirrors an FTC rule requiring all-in pricing and would give the state enforcement authority and remedies. The Hawaii Financial Services Association opposed the bill as drafted and sought a limited exemption for credit card issuers relying on third-party hotel information, while the Hawaii Hotel Alliance supported the measure but asked for language deeming compliance with the federal rule sufficient for short-term lodging. Committee members questioned whether those proposed exemptions would conflict with federal law or weaken state enforcement, and the discussion focused on preemption, liability, and the value of state remedies such as restitution.

Transcript Highlights:

• It ensures that when a Louisiana resident's digital asset account goes dormant, the state holds the asset
• that they wouldn't just have it taken and immediately converted by the state if they do have it go dormant
• And immediately converted by the state if they do have it go dormant.

Bills: HCR66, HB387, HB617, HB797, HB950, HB975, HB1186, HB1222, HB1223, HB1228, HB1256

Keywords: economic development, rural communities, infrastructure, workforce training, Louisiana Economic Development, engineering, land surveying, construction, state fire marshal, plan review, hidden fees, junk fees, drip pricing, price transparency, mandatory fees, surcharges, consumer protection, unfair trade practices, advertising disclosures, total price

Summary: The Senate Commerce Committee met on April 20, approved the prior meeting minutes, and then heard a series of bills and resolutions. It first advanced H. CR 66, which directs Louisiana Economic Development, working with the Governor’s Office of Rural Development, to study rural parish economic assets, infrastructure, workforce, and development opportunities. The committee also moved HB 387, a clarification allowing the fire marshal to review architectural and engineering plans equally, and HB 1223, which seeks to promote clinical trials in Louisiana by having LED market the state’s research capacity and by adjusting internal review board procedures. HB 1228, a cleanup bill for hearing aid dealers that updates definitions, contracts, testing periods, licensing, and related requirements, was also reported favorably, as was HB 950, which would create an elderly consumer perception program through the Office of Elderly Affairs to help seniors recognize scams and fraud. The committee spent the most time on HB 617, a broad “hidden fees” consumer transparency bill. The author and supporters said it would require mandatory fees to be included in upfront pricing so consumers can make informed choices, while opponents from grocery, restaurant, hotel, housing, retail, and business groups argued the bill was vague, overly broad, and likely to create compliance burdens and litigation risk. Housing advocates objected to the bill’s housing exemption, warning it could weaken renters’ ability to bring claims over undisclosed fees. After extensive debate over variable pricing, sales taxes, enforcement, and the scope of the bill, Senator Morris moved to defer HB 617, and the committee agreed without objection. The committee also heard HB 797, which would create a “Bayou Gold” certification program for certain gold vendors and transactional gold products. The sponsor said the program would encourage vendors to keep gold insured, segregated, and closer to Louisiana consumers, with the Treasury administering the certification through participant fees. Several senators and an outside witness raised concerns that the state seal could be mistaken for an endorsement, could create liability or consumer confusion, and would favor a narrow set of vendors. Despite opposition, the committee reported HB 797 favorably, with members noting it still had to go to Finance. Later, the committee advanced HB 1186, which would create a more uniform statewide building code and licensing system for inspectors, add disciplinary authority, and impose a small permit fee to support the program, and HB 1222, which would let LED develop a grocery initiative to address food deserts and food insecurity. The meeting concluded with the committee hearing HB 1256 on abandoned digital assets, which would require dormant digital assets to be held in original form for three years so owners can reclaim them.

Transcript Highlights:

• Permits also include essential safeguards such as recharge only on fallow or dormant agricultural lands
• Vines are unique, grape vines, because they go dormant.
• Vines are unique, grape vines, because they go dormant.

Summary: The hearing focused on oversight of AB 658 and the State Water Resources Control Board’s five-year temporary permits for groundwater recharge. Assembly Member Arambula and committee members discussed how the permits are intended to help capture high flows during wet periods, support SGMA implementation, and store water underground for later use. The State Water Board chair said the five-year permits have become an important tool, with seven five-year permits issued this season and over 43,000 acre-feet authorized, but noted that actual recharge depends on hydrology and that the board is open to improvements. Members and witnesses discussed several possible changes to make the program more effective: allowing a two-year delay before the five-year permit clock starts, codifying CEQA exemptions that have been used through executive order, and shifting from a public objection model to a public comment model to reduce delays. There was also discussion of water availability analyses, with some members asking whether the state could develop a broader statewide assessment to reduce consultant costs and make permitting more predictable. The board said such an effort would be large and costly, but could potentially save applicants money and improve consistency. District representatives described their experiences. Stockton East said the five-year permit was more cost-effective than repeated 180-day permits, but that the 90-20 methodology, consultant costs, and a burrowing owl survey condition made use difficult. Omaha-Hartnell Water District said its recharge work depends on simple, low-cost infrastructure and that five-year permits, CEQA reform, and lower upfront fees would help small districts. A consultant working with Scott Valley and Sierra Valley said five-year permits can work well in different basins, but local infrastructure, stakeholder coordination, streambed alteration agreements, and upstream flow constraints can limit recharge. Members also raised concerns about basin connectivity, downstream water rights, and the need to pair recharge with sustainable groundwater pumping and broader water storage planning.

Transcript Highlights:

• Um, each of you know, of course, what captive insurance is, and that we put a moratorium on new captives
• following requirements for captive following requirements for captive insurance<00:09:30.480>
• A description of the captive following.
• A description of the captive insurer's investment.
• Captive insurer shall shall following.

Bills: HB415, HB419, SB219, SB170

Keywords: police abuse registry, law enforcement registry, officer assault, assault on police, resisting arrest, battery on law enforcement, law enforcement injury fund, Back the Blue Act, Attorney General, clemency, pardon, commutation, rehabilitation costs, medical costs, public safety, criminal records, background checks, registry removal fee, privacy, due process

Transcript Highlights:

• Division and the captive insurance company about some revised language to allow the industry to continue
• year we can look at what other states are doing and really add on to the momentum we have in the captive
• Insurance uh company is and the captive Insurance uh company is about<00:02:00.920> some<00:02
• industry to Hawaii and maybe captive industry to Hawaii and maybe next<00:03:03.239> year<00:
• the momentum we have in the captive the momentum we have in the captive industry<00:03:08.000>

Keywords: 912, senate, all

Summary: The Hawaii State Senate Committee on Commerce and Consumer Protection met on February 1, 2025, for decision-making on two measures previously heard on January 14. For SB 146, relating to condominiums, the committee recommended passage with amendments. The amendments were described as incorporating Real Estate Commission language to clarify the bill and narrowing its scope to managing agents with budget and replacement reserve responsibilities and authority to communicate with unit owners, thereby excluding smaller associations. The committee also deferred the effective date to July 1, 2050 and made technical, non-substantive changes. The measure was adopted without objections. The committee also considered SB 1050, relating to insurance and captive insurance. Members described ongoing discussions between the Insurance Division and the captive insurance industry over revised language intended to support industry growth while preserving the state’s regulatory oversight and solvency protections. The committee noted receipt of compromise amendments developed after a week of negotiations and again deferred the effective date to July 1, 2050. A member thanked the chair and referenced the role of former chair Bob Her in bringing the captive industry to Hawaii, expressing support for continued momentum in the sector. For SB 1050, the committee recommended passage with amendments, with the chair voting aye and no reservations or objections from members present. Both measures were therefore adopted by the committee for recommendation to the full Senate.

Transcript Highlights:

• And captive insurance.
• We call this a pure captive or a single-owned captive. You may remember...
• Pure captive or a single-owned captive.
• These are the most common types of captives. There's group-owned captives.
• Then there are sponsored captives, where the captive scheme is owned and controlled by parties unrelated

Summary: The committee heard a work session on earthquake insurance, beginning with background from the Office of the Insurance Commissioner. OIC staff explained that earthquake and earth movement are generally excluded from standard property policies, that earthquake coverage is usually purchased through endorsements or standalone policies with high deductibles and relatively high premiums, and that surplus lines are a limited backstop market not covered by the state guarantee fund. They also described parametric insurance and captive insurance as more specialized products generally suited to commercial or governmental buyers rather than ordinary consumers. A second panel of insurance and banking experts focused on commercial earthquake exposure, especially for older buildings, collateralized loans, and potential knock-on effects to banks and consumers if a major quake caused widespread damage. Members asked about consumer impacts, mitigation incentives, inventories of vulnerable buildings, and whether legislation such as prior work on unreinforced masonry could help reduce risk. The Washington Bankers Association said earthquake insurance is expensive and that affordability is a major concern, while also noting banks participate in disaster-recovery planning and would be affected by major regional losses. No votes or formal actions were taken. The committee then received a presentation from the Washington State Institute for Public Policy on its cannabis and Initiative 502 research. WSIPP staff described the agency as a nonpartisan research institute that conducts legislative-directed studies and explained that its long-term I-502 assignment includes periodic reports leading to a final benefit-cost evaluation in 2032. Staff summarized findings from a 2023 report showing that cannabis possession convictions fell sharply after legalization, though some racial disproportionalities persisted, and that closer retail access was associated with higher reported adult cannabis use, more fatal traffic crashes involving drivers from nearby areas, and higher rates of cannabis use disorder diagnoses among Medicaid enrollees. A 2023 youth-focused report found that students attending schools near retailers were more likely to report cannabis use, had more unexcused absences, and were less likely to graduate on time. In the newest 2025 Medicaid study, staff said retail access was associated with higher probabilities of cannabis use disorder diagnoses, related hospitalizations, inpatient treatment, and co-occurring mental health diagnoses, with event-study analysis suggesting the increases appeared after retailers opened rather than before. Members asked about racial disproportionality, the meaning of cannabis use disorder diagnoses, THC and impairment, whether the findings reflected medical versus recreational use, and how the results should be interpreted in light of broader trends and data limitations. No formal committee action was taken.

Transcript Highlights:

• cell captive insurers or protected cell companies.
• Of the 36 states allowing captive insurance, 21 allow some form of PCC.
• The point is, they are captive cells separated from each other.
• I'm not saying that protected cell captives are brand new.
• I am the secretary of the Florida Captive Insurance Association.

Summary: The Senate Committee on Banking and Insurance met with a quorum present and heard a full agenda of bills, most of which were reported favorably. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and passed without objection after supportive testimony from banking and credit union groups. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program; the sponsor described it as a way to move emergency out-of-network payment disputes away from costly litigation and into an independent dispute resolution process modeled on the federal No Surprises Act. A proposed amendment drew significant questions from senators and concerns from the Florida Insurance Council about confusion over state versus federal eligibility and possible effects on contracted rates, and the sponsor ultimately withdrew the amendment. The underlying bill was then supported by health care and insurance stakeholders and reported favorably. SB 684 on electronic signatures for total loss vehicles and vessels also passed, with Progressive Insurance waiving in support. The committee next approved CS/SB 158 on pet insurance, which requires continuing education for agents, clearer consumer disclosures, and annual reporting to OIR; the amendment was technical and adopted. SB 1494 on breast cancer screening coverage was presented as expanding required coverage for mammograms and supplemental screenings for certain insurance products, and it passed with support from cancer and radiology groups. CS/SB 314 on digital asset issuers was amended to create a Florida framework for payment stablecoin issuers consistent with the federal GENIUS Act, allowing state-level regulation as an alternative to federal supervision, and was reported favorably. SB 1500 on uncontested probate proceedings, including higher small-estate thresholds and clearer authority for personal representatives, also passed after a banking-related amendment requiring letters of administration for safe deposit box access was adopted. Later, the committee approved CS/SB 618 on workers’ compensation insurance, which raises the consent-to-rate cap for workers’ comp policies from 10% to 20% and adjusts the Florida Workers’ Compensation Guarantee Association board membership; a carrier representative testified that the change would help keep more high-risk accounts in the voluntary market. CS/SB 1568 on a Florida Stable Coin Pilot Program was amended to remove authority for DFS to create a Florida coin, limit the pilot to existing stablecoins with at least $1 billion market capitalization, and require qualified public deposit handling; it then passed. CS/SB 838 on electronic payments for retail installment contracts clarified that convenience fees for electronic payments are permissible while preserving a fee-free option, and it was reported favorably after questions about consumer access to free payment methods. SB 1452, the Department of Financial Services agency bill, made a wide range of administrative changes affecting My Safe Florida Home, unclaimed property, licensing, bail bonds, and other DFS functions; a late-filed amendment on title insurer appointments was adopted, and the bill passed. The committee also approved SB 1706 on the My Safe Florida Condominium Pilot Program, targeting condo hardening assistance to owner-occupied units meeting income and occupancy criteria, and SB 990 on protected cell captive insurance companies, which the sponsor and industry witnesses said would modernize Florida law and promote insurance competition and economic activity. The meeting ended with all bills on the agenda reported favorably and the committee adjourning without objection.

Transcript Highlights:

• The statutes that relate to captives are dated.
• Captives, we think, are small.
• as a protected cell captive insurance company.
• Protected cell captive insurance companies make the captive insurance market more accessible to smaller
• Protected cell captive insurance companies make the captive insurance market more accessible to smaller

Summary: The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support. The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably. HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.