---
type: "Bill"
title: "Insurance Guaranty Associations"
description: "Insurance Guaranty Associations; Authorizing certain guaranty association employees to adjust losses for the Florida Insurance Guaranty Association if certain conditions are met; redefining the term “net direct written premiums” as “direct written premiums” and revising the definition of that term; deleting a calculation of initial estimated assessments levied by the Office of Insurance Regulation on insurers in the Florida Insurance Guaranty Association; deleting a calculation of initial estimated assessments levied by the office on insurers in the Florida Workers’ Compensation Insurance Guaranty Association, etc."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2020"
identifier: "SB 540"
citation: "Florida SB 540 (2020)"
classification: ["bill"]
subjects: ["insurance"]
status: "enacted"
chapter_law: "2020-54"
primary_sponsors: ["Rader"]
version_count: 2
action_count: 30
vote_count: 5
first_action: "2019-10-16"
last_action: "2020-06-22"
source: "openstates"
source_identifier: "ocd-bill/295f6d86-a930-48c8-98e6-d75ccfd58c9a"
source_url: "http://flsenate.gov/Session/Bill/2020/540/ByCategory"
source_hash: "3995845c82c105909e0b63c7f218faac64b04633a1783cd36863fe4506f292d2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida SB 540 (2020) — Insurance Guaranty Associations

Insurance Guaranty Associations; Authorizing certain guaranty association employees to adjust losses for the Florida Insurance Guaranty Association if certain conditions are met; redefining the term “net direct written premiums” as “direct written premiums” and revising the definition of that term; deleting a calculation of initial estimated assessments levied by the Office of Insurance Regulation on insurers in the Florida Insurance Guaranty Association; deleting a calculation of initial estimated assessments levied by the office on insurers in the Florida Workers’ Compensation Insurance Guaranty Association, etc.

**Enacted** — Laws of Florida, Chapter 2020-54.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S 540 Filed** (filed) — [source](http://flsenate.gov/Session/Bill/2020/540/BillText/Filed/HTML)
2. **S 540 er** (enrolled) — [source](http://flsenate.gov/Session/Bill/2020/540/BillText/er/HTML)

## Votes

- Third Reading — **40–0** (pass) · upper
- Favorable — **20–0** (pass) · upper
- Favorable — **7–0** (pass) · upper
- Favorable — **9–0** (pass) · upper
- Passage, Third Reading — **116–0** (pass) · lower

## Sponsors

- Rader — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-10-16** Filed `filing`
- **2019-11-01** Referred to Banking and Insurance; Appropriations Subcommittee on Agriculture, Environment, and General Government; Appropriations `referral-committee`
- **2019-11-05** On Committee agenda-- Banking and Insurance, 11/12/19, 1:30 pm, 412 Knott Building
- **2019-11-12** Favorable by Banking and Insurance; YEAS 7 NAYS 0 `committee-passage-favorable`
- **2019-11-12** Now in Appropriations Subcommittee on Agriculture, Environment, and General Government
- **2020-01-14** Introduced `introduction`
- **2020-01-17** On Committee agenda-- Appropriations Subcommittee on Agriculture, Environment, and General Government, 01/22/20, 1:30 pm, 110 Senate Building
- **2020-01-22** Subcommittee Recommendation: Favorable by Appropriations Subcommittee on Agriculture, Environment, and General Government; YEAS 9 NAYS 0
- **2020-01-23** Now in Appropriations
- **2020-01-31** On Committee agenda-- Appropriations, 02/05/20, 1:00 pm, 412 Knott Building
- **2020-02-03** On Committee agenda-- Appropriations, 02/06/20, 9:00 am, 412 Knott Building --Meeting cancelled
- **2020-02-05** Favorable by- Appropriations; YEAS 20 NAYS 0 `committee-passage-favorable`
- **2020-02-06** Placed on Calendar, on 2nd reading
- **2020-02-17** Placed on Special Order Calendar, 02/19/20
- **2020-02-19** Read 2nd time `reading-2`
- **2020-02-19** Placed on 3rd reading
- **2020-02-26** Read 3rd time `reading-3`
- **2020-02-26** Passed; YEAS 40 NAYS 0 `passage`
- **2020-03-03** In Messages
- **2020-03-09** Referred to Calendar `referral-committee`
- **2020-03-09** Received
- **2020-03-10** Placed on Special Order Calendar, 03/10/20
- **2020-03-10** Read 2nd time `reading-2`
- **2020-03-10** Placed on 3rd reading
- **2020-03-11** Read 3rd time `reading-3`
- **2020-03-11** Passed; YEAS 116 NAYS 0 `passage`
- **2020-03-11** Ordered enrolled
- **2020-06-11** Signed by Officers and presented to Governor
- **2020-06-20** Approved by Governor `executive-signature`
- **2020-06-22** Chapter No. 2020-54

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/295f6d86-a930-48c8-98e6-d75ccfd58c9a`. Confidence: reported (aggregated from official Florida legislature records).