Bill Commons

FL HB 261

dead

Restrictions on Employer-owned Life Insurance Policies

Florida · 2026 Regular Session · lower

Description

Restrictions on Employer-owned Life Insurance Policies; Authorizes employer-owned life insurance policies covering key persons of business entities, organizations, companies, & corporations under certain circumstances; requires certain disclosures to key persons; prohibits employer-owned life insurance policies covering certain employees; provides that policies covering such employees are void as against public policy; requires insurer notice to OIR of employer-owned life insurance policies; requires office to maintain registry & publish annual report; provides that premiums, loan interests, & expenses related to employer-owned life insurance are not tax deductible; subjecting death benefits received by employers to corporate income tax; requires OIR to adopt certain standard forms.

Introduced
—
Status date
—
Latest action
2026-03-13 — Died in Insurance & Banking Subcommittee
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Gossett-Seidmanprimary

Committees

Not provided by source.

Action timeline

  1. 2025-10-27

    Filed

    filing

  2. 2025-11-04

    Referred to Insurance & Banking Subcommittee

    referral-committee

  3. 2025-11-04

    Referred to Ways & Means Committee

    referral-committee

  4. 2025-11-04

    Referred to Commerce Committee

    referral-committee

  5. 2025-11-04

    Now in Insurance & Banking Subcommittee

  6. 2026-01-13

    1st Reading (Original Filed Version)

    filing,reading-1

  7. 2026-03-13

    Died in Insurance & Banking Subcommittee

    failure

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://flsenate.gov/Session/Bill/2026/261/ByCategory

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:19:20.677932Z

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