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Senate Passes Bill to Close State Reinsurance Program, Return Remaining Cash to Treasury

June 05, 2025 | Senate, Legislative, Florida


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Senate Passes Bill to Close State Reinsurance Program, Return Remaining Cash to Treasury
The Florida Senate voted 32-0 to pass a House bill that sunsets an earlier, time-limited state-funded property reinsurance program and returns remaining cash to the state treasury.

Senator Brunner, closing debate on the measure, said the bill covers a reinsurance program authorized in Special Session 2022-D and explained it would formally end the program earlier than the scheduled sunset because “we've paid all the claims that were coming in, we have enough money to pay all the claims, no more can come in because it was a sunsetted program, and so we'd like our cash back now instead of when we're gonna sunset it.”

The measure came to the floor with a delete-all amendment (barcode 711908) offered by the Committee on Appropriations; senators took up and defeated that amendment so the Senate could return to the underlying House bill. Senator Browner explained the amendment strategy as procedural, saying it had been used to put the bill “in the proper posture to get us going for conference,” and urged it to fail so the underlying bill would be restored. The amendment failed by voice vote and the Senate proceeded to read the bill a third time. Senator Broder moved to read the bill a third time before the roll call.

After the roll-call, the secretary recorded 32 yeas and 0 nays and the presiding officer announced the bill passed. The bill’s effect, as described on the floor, is to end the earlier program and make its remaining cash available for other state uses; senators said all expected claims had been paid and the program was time-limited. The Senate did not record any amendments changing the program’s substantive terms on the floor.

The action was procedural and budgetary: it does not create a new reinsurance program but accelerates the return of previously appropriated funds after members said the program’s claims period had ended. No follow-up committee assignment or additional reporting requirements were announced on the floor.

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