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Troutman Pepper Locke

Florida Bill Eliminating the Surplus Lines Diligent Effort Requirement and a Discussion on Surplus Lines Regulation Trends

Troutman Pepper Locke on

On June 13, Florida Gov. Ron DeSantis signed House Bill 1549 into law. Among other things, the bill has removed the “diligent effort” requirement applicable to surplus lines agents....more

McDermott Will & Schulte

Florida Set to Repeal Diligent Search for Surplus Lines Policies

McDermott Will & Schulte on

On May 2, 2025, the Florida Senate voted to pass Senate Bill (SB) 1549, which would repeal the requirement for insurance producers to perform a diligent search of the admitted market before placing Florida risks with a...more

Troutman Pepper Locke

LL Surplus Lines Series (Entry 33): Florida Legislators Consider Surplus Lines Bills

Troutman Pepper Locke on

Florida lawmakers have recently introduced SB 1402 that could open up additional avenues for the placement of surplus lines business in the state. On January 18, 2022, the Senate Banking and Insurance Committee passed SB...more

Butler Weihmuller Katz Craig LLP

Surplus Insurers, Too, Can Rely on the Application to Interpret Policy

Butler Weihmuller Katz Craig LLP on

Section 627.419 of the Florida Statutes provides that “[e]very insurance contract shall be construed according to the entirety of its terms and conditions as set forth in the policy and as amplified, extended, or modified by...more

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