January 5, 2018
Potential Legislative Changes Affecting Nursing Home Liability Coverage in Florida
If you write nursing home liability coverage in Florida, you should be aware that several bills have recently been filed for consideration in the upcoming legislative session that will establish minimum statutory coverage limits for claims. Senate Bill 1408 (SB 1408), titled Nursing Home Liability, will require licensed nursing homes in Florida to maintain general and professional liability coverage in an amount no less than $1 million per claim. Currently, there are no minimum statutory limit requirements.
Two additional bills, House Bill 655 (HB 655), titled Nursing Homes and Related Health Care Facilities, and Senate Bill 896 (SB 896), also titled Nursing Homes and Related Health Care Facilities, contain similar language and provide, as one of three ways to demonstrate the financial ability to pay claims, the option to obtain and maintain general and professional liability coverage of no less than $1 million per claim and a minimal annual aggregate of no less than $3 million from an authorized insurer as defined in s. 624.09, from an eligible surplus lines insurer as defined in s. 626.914(2), or from a Florida-domiciled risk retention group as defined in s. 627.942(9).
You can track the Senate and House bills through the following links: SB 1408; HB 655; and SB 896.
Just Released ~ SLIP Corporate Accounts
If your agency has multiple surplus lines agents writing business, a SLIP Corporate Account will help improve efficiency. No longer will you have to remember usernames and passwords for each SLIP login, or have to reconcile multiple invoices for each agent.
This new offering gives users the ability to link all active agents to this one SLIP Corporate Account, file for all linked users, view all submissions under that one single SLIP account and consolidate billing into a single master invoice for all linked agents. Sign up for a Corporate Account via the SLIP login page.
For more information on SLIP Corporate Accounts please take a look at our webinar or contact accounting@fslso.com.
Fourth Quarter 2017 Reminders
Fourth quarter 2017 tax, fee and assessment invoices have been issued and are in your SLIP Inbox for retrieval.
- Payments and affidavit filings are due by February 14th
- Payments can be made via ACH in SLIP or by check
- Affidavits should be filed in the Agent’s SLIP account (Reports > File Quarterly Affidavit)
- No Business affidavits are no longer required for Florida agents
www.fslso.com
Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.
