Florida HB 1083: Permanency for Children

Bill Text

HB 1083 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1083-00
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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

A bill to be entitled 1
An act relating to private insurance coverage for 2
credit union accounts; amending s. 657.033, F.S.; 3
providing a private insurance option for coverage for 4
credit union accounts; authorizing the Office of 5
Financial Regulation to prohibit qualified private 6
organizations from providing such insurance coverage 7
under certain circumstances; authorizing such 8
qualified private organizations to seek judicial 9
review; defining the term "qualified private 10
organization"; providing an effective date. 11
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Be It Enacted by the Legislature of the State of Florida: 13
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Section 1. Subsection (9) of section 657.033, Florida 15
Statutes, is amended to read: 16
657.033 Accounts.— 17
(9)(a) A credit union shall obtain and maintain insurance 18
of accounts through the National Credit Union Administration or 19
from a qualified private organization. 20
(b) The office may prohibit a qualified private 21
organization from providing insurance under paragraph (a) if the 22
office finds, after giving the organization notice of and 23
opportunity for a hearing, that the organization lacks the 24
resources or bylaws, or both, to adequately protect accounts of 25

HB 1083 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1083-00
Page 2 of 2
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

credit unions in this state. A qualified private organization 26
that is prohibited by the office from providing insurance under 27
paragraph (a) may seek judicial review in accordance with s. 28
120.68. 29
(c) As used in this subsection, the term "qualified 30
private organization" means an insurance company licensed to do 31
business in this state or an approved share insurance guarantor. 32
Section 2. This act shall take effect July 1, 2026. 33