Bill Commons

FL SB 894

dead

Restrictions on Employer-owned Life Insurance Policies

Florida · 2026 Regular Session · upper

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Quick answers

Did FL SB 894 pass?

No. FL SB 894 did not pass — it was defeated or died in the legislative process. Latest recorded action (2026-03-13): Died in Banking and Insurance

What is FL SB 894 about?

Restrictions on Employer-owned Life Insurance Policies; Authorizing employer-owned life insurance policies covering certain key persons of business entities, organizations, companies, and corporations under specified circumstances; providing that premiums, loan interests, and expenses related to employer-owned life insurance are not tax deductible; specifying that insurers that violate certain provisions are subject to a fine of up to $1 million per violation and may have its authority to transact insurance suspended or revoked, etc.

Who sponsors FL SB 894?

Martin is the primary sponsor of FL SB 894.

Description

Restrictions on Employer-owned Life Insurance Policies; Authorizing employer-owned life insurance policies covering certain key persons of business entities, organizations, companies, and corporations under specified circumstances; providing that premiums, loan interests, and expenses related to employer-owned life insurance are not tax deductible; specifying that insurers that violate certain provisions are subject to a fine of up to $1 million per violation and may have its authority to transact insurance suspended or revoked, etc.

Introduced
2026-01-13
Latest action
2026-03-13 — Died in Banking and Insurance
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Martinprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-03-13

    Died in Banking and Insurance

    failure

  2. 2026-01-13

    Introduced

    introduction

  3. 2025-12-16

    Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy

    referral-committee

  4. 2025-12-12

    Filed

    filing

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://flsenate.gov/Session/Bill/2026/894/ByCategory

Attribution

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

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