All Roll Calls
Yes: 194 • No: 0
FloridaSB 2822025Senate
Warranty Associations
Sponsored By: Keith L. Truenow (Republican)
Signed by Governor
AppropriationBanking and InsuranceCommerce and TourismRulesHouse Calendar
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Warranty buyers get stronger claim backing
Starting July 1, 2025, Florida home and service warranty associations can use insurance instead of an unearned-premium reserve when the insurance covers 100% of claim exposure. Insurers must be authorized in Florida; home warranty insurers may instead be approved by the state as financially able. Policies cover contracts issued while they were active, even if the association did not pay the premium. Insurers must pay 100% of claims as they arise or when due if the association fails to pay, cover losses and unearned premiums, and take over claims handling if the association cannot. When a contract is canceled, the insurer refunds unearned premiums under existing cancellation-fee rules. Service warranties that cover accidental damage from handling must also be insured, except for associations exempt from reserve and insurance rules.
New financial limits for warranty firms
Starting July 1, 2025, a warranty provider's gross written premiums in force generally cannot exceed seven times its net assets. Exceptions allow a higher ratio when the provider meets financial and reporting tests. One route requires at least $2.5 million in net assets and insurance that reimburses 100% of paid claims; an insurer-based route requires at least $100 million in policyholder surplus and an A or higher A.M. Best rating. A single-license service warranty association can use a separate exemption if it or its wholly owned parent has at least $100 million in net worth and the association provides audited financial statements with quarterly certifications, or required quarterly and annual filings within 10 days after filing deadlines. Late SEC filings can lead to license suspension or revocation.
Sponsors & Cosponsors
Sponsor
Keith L. Truenow
Republican • Senate
Cosponsors
Banking and Insurance
Affiliation unavailable
Rules
Affiliation unavailable
Roll Call Votes
House vote • 4/29/2025
House Floor Vote
Yes: 115 • No: 0
Senate vote • 4/3/2025
Senate Floor Vote
Yes: 36 • No: 0
Senate vote • 3/19/2025
Rules Vote
Yes: 25 • No: 0
Senate vote • 3/10/2025
Commerce and Tourism Vote
Yes: 8 • No: 0
Senate vote • 3/3/2025
Banking and Insurance Vote
Yes: 10 • No: 0
Actions Timeline
Chapter No. 2025-160
6/23/2025Approved by Governor
6/20/2025Signed by Officers and presented to Governor
6/18/2025Ordered enrolled
4/29/2025SenateCS passed; YEAS 115, NAYS 0
4/29/2025HouseRead 3rd time
4/29/2025HouseAdded to Third Reading Calendar
4/29/2025HousePlaced on 3rd reading
4/29/2025HouseRead 2nd time
4/29/2025House1st Reading (Committee Substitute 2)
4/28/2025HouseBill added to Special Order Calendar (4/29/2025)
4/28/2025HouseBill referred to House Calendar
4/28/2025HouseIn Messages
4/3/2025HouseImmediately certified -SJ 330
4/3/2025SenateCS passed; YEAS 36 NAYS 0 -SJ 328
4/3/2025SenateRead 3rd time -SJ 328
4/3/2025SenateRead 2nd time -SJ 328
4/3/2025SenatePlaced on Special Order Calendar, 04/03/25
4/1/2025SenateCS/CS by Rules read 1st time
3/26/2025SenatePlaced on Calendar, on 2nd reading
3/20/2025SenatePending reference review -under Rule 4.7(2) - (Committee Substitute)
3/20/2025SenateCS/CS by- Rules; YEAS 25 NAYS 0
3/19/2025SenateOn Committee agenda-- Rules, 03/19/25, 11:30 am, 412 Knott Building
3/14/2025SenateNow in Rules
3/11/2025SenateCS by Banking and Insurance read 1st time
3/10/2025Senate
Bill Text
er
7/1/2025
c2
3/20/2025
c1
3/4/2025
Filed
1/16/2025