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House Bill 301 will remove the surplus lines insurance industry's statutory capped fee, replacing the cap with a requirement that the fee is compatible with the majority of other states. (Photo: Shutterstock) House Bill 301 will remove the surplus lines insurance industry’s statutory capped fee, replacing the cap with a requirement that the fee is compatible with the majority of other states. (Photo: Shutterstock)

The Florida legislature passed a bill that will modernize the regulatory framework of Florida’s surplus lines insurance industry in House Bill 301. The House voted 114-0 in favor of the bill, and the Senate voted 37-1 in support of the bill.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.

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