Reinsurance Intermediary Managers

HB 99 revises Florida's definition of "reinsurance intermediary manager" to exclude certain underwriting managers from regulatory oversight. Specifically, it removes exclusions for: (1) underwriting managers who manage all reinsurance operations under common control with the reinsurer, (2) those managing less than 10% of assumed reinsurance, and (3) managers of insurance groups/pools. This change directly affects reinsurance companies and their underwriting managers by clarifying which roles fall under the state's regulatory scope. The bill takes effect July 1, 2026, and updates related sections of Florida law to reflect this definition.