Florida HB 271: Bankruptcy Matters in Foreclosure Proceedings

Bill Text

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HB 271 2026 Legislature

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

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An act relating to foreign and alien bail bond 2
insurers; amending s. 624.4094, F.S.; providing duties 3
of certain foreign and alien bail bond insurers 4
relating to reporting bail bond premiums to the Office 5
of Insurance Regulation, keeping records of 6
considerations paid for bail bonds written by the 7
insurers, and disclosing certain information in the 8
financial statements filed with the office; providing 9
an effective date. 10
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Be It Enacted by the Legislature of the State of Florida: 12
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Section 1. Section 624.4094, Florida Statutes, is amended 14
to read: 15
624.4094 Bail bond premiums.— 16
(1) The Legislature finds that a significant portion of 17
bail bond premiums is retained by the licensed bail bond agents 18
or appointed managing general agents. For purposes of reporting 19
in financial statements required to be filed with the office 20
pursuant to s. 624.424, direct written premiums for bail bonds 21
by a domestic, foreign, or alien insurer doing business in this 22
state shall be reported net of any amounts retained by licensed 23
bail bond agents or appointed managing general agents. However, 24
in no case shall the direct written premiums for bail bonds be 25

ENROLLED
HB 271 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb271 -00-er
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

less than 6.5 percent of the total consideration received by the 26
agent for all bail bonds written by the agent. This subsection 27
also applies to any determination of compliance with s. 28
624.4095. 29
(2) Premiums assumed by a domestic, foreign, or alien 30
insurer shall be reported consistent with subsections (1) and 31
(4) for purposes of filing financial statements with the office. 32
(3) Each domestic, foreign, or alien bail bond insurer 33
shall keep complete and accurate records of the total 34
consideration paid for all bail bonds written by such insurer. 35
(4) Each domestic, foreign, or alien bail bond insurer 36
shall disclose the following information in the notes to the 37
financial statement in the insurer's annual statement filed with 38
the office. 39
(a) The gross bail bond premiums written in each state by 40
agents for the company. 41
(b) The amount of premium taxes incurred by the company in 42
each state. 43
(c) Total consideration withheld by agents and not 44
reported as an expense by the insurer in financial statements 45
filed with the office. 46
(d) The amount of bail bond premium included on the surety 47
line of the annual statement filed with the office. 48
Section 2. This act shall take effect July 1, 2026. 49