---
type: "Bill"
title: "Department of Financial Services"
description: "Department of Financial Services; Revises eligibility for plans of deferred compensation established by CFO; authorizes judge of compensation claims to order injured employee's evaluation by expert medical advisor; revises conditions for nonprofit religious organization to be exempt from requirements of insurance code; adds limited license for transacting preneed funeral agreement insurance; revises licensure requirements for reinsurance intermediary brokers & reinsurance intermediary managers; authorizes certain persons to obtain limited license to sell only policies of life insurance covering expense of prearrangement for funeral services or merchandise; revises requirements, conditions, & procedures for bail bond agency license."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2023"
identifier: "HB 487"
citation: "Florida HB 487 (2023)"
classification: ["bill"]
subjects: ["and solicitations", "crimes", "criminal procedure and corrections", "executive branch", "insurance", "judicial branch", "labor", "public business", "public lands and property", "real and personal property", "regulation of professions and occupations", "state organization"]
status: "enacted"
chapter_law: "2023-144"
primary_sponsors: ["Salzman"]
version_count: 6
action_count: 54
vote_count: 6
first_action: "2023-01-24"
last_action: "2023-05-26"
source: "openstates"
source_identifier: "ocd-bill/1bd5117e-b711-4e41-b889-cd3a6ee79223"
source_url: "https://flsenate.gov/Session/Bill/2023/487/ByCategory"
source_hash: "b0751c54f0edb110d4c1c8aeb9189b86295cd099732e711686fdfa885873bfbd"
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 HB 487 (2023) — Department of Financial Services

Department of Financial Services; Revises eligibility for plans of deferred compensation established by CFO; authorizes judge of compensation claims to order injured employee's evaluation by expert medical advisor; revises conditions for nonprofit religious organization to be exempt from requirements of insurance code; adds limited license for transacting preneed funeral agreement insurance; revises licensure requirements for reinsurance intermediary brokers & reinsurance intermediary managers; authorizes certain persons to obtain limited license to sell only policies of life insurance covering expense of prearrangement for funeral services or merchandise; revises requirements, conditions, & procedures for bail bond agency license.

**Enacted** — Laws of Florida, Chapter 2023-144.

## Version chain

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

1. **H 487 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/Filed/PDF)
2. **H 487 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/c1/PDF)
3. **H 487 c2** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/c2/PDF)
4. **H 487 e1** (engrossed) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/e1/PDF)
5. **H 487 e2** (engrossed) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/e2/PDF)
6. **H 487 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2023/487/BillText/er/PDF)

## Votes

- Favorable With Committee Substitute (Insurance & Banking Subcommittee) — **18–0** (pass) · lower
- Passage — **112–0** (pass) · lower
- Passage, Third Reading — **75–40** (pass) · lower
- Third Reading — **37–0** (pass) · upper
- Favorable With Amendment(s) (Commerce Committee) — **19–0** (pass) · lower
- Favorable (Appropriations Committee) — **27–0** (pass) · lower

## Sponsors

- Commerce Committee — primary (organization)
- Insurance & Banking Subcommittee — primary (organization)
- Salzman — primary (person)

## Timeline

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

- **2023-01-24** Filed `filing`
- **2023-02-01** Referred to Insurance & Banking Subcommittee `referral-committee`
- **2023-02-01** Referred to Appropriations Committee `referral-committee`
- **2023-02-01** Referred to Commerce Committee `referral-committee`
- **2023-02-01** Now in Insurance & Banking Subcommittee
- **2023-03-07** 1st Reading (Original Filed Version) `filing, reading-1`
- **2023-03-17** Added to Insurance & Banking Subcommittee agenda
- **2023-03-21** Favorable with CS by Insurance & Banking Subcommittee `committee-passage-favorable`
- **2023-03-30** Reported out of Insurance & Banking Subcommittee
- **2023-03-30** Laid on Table under Rule 7.18(a) `deferral`
- **2023-03-30** CS Filed `filing`
- **2023-03-30** 1st Reading (Committee Substitute 1) `reading-1`
- **2023-03-31** Referred to Appropriations Committee `referral-committee`
- **2023-03-31** Referred to Commerce Committee `referral-committee`
- **2023-03-31** Now in Appropriations Committee
- **2023-04-10** Added to Appropriations Committee agenda
- **2023-04-12** Favorable by Appropriations Committee `committee-passage-favorable`
- **2023-04-12** Reported out of Appropriations Committee
- **2023-04-12** Now in Commerce Committee
- **2023-04-13** PCS added to Commerce Committee agenda
- **2023-04-18** Favorable with CS by Commerce Committee `committee-passage-favorable`
- **2023-04-20** Reported out of Commerce Committee
- **2023-04-20** Laid on Table under Rule 7.18(a) `deferral`
- **2023-04-20** CS Filed `filing`
- **2023-04-20** Bill referred to House Calendar
- **2023-04-20** Bill added to Special Order Calendar (4/25/2023)
- **2023-04-20** 1st Reading (Committee Substitute 2) `reading-1`
- **2023-04-25** Read 2nd time `reading-2`
- **2023-04-25** Amendment 186023 adopted
- **2023-04-25** Amendment 355413 adopted
- **2023-04-25** Amendment 880299 adopted
- **2023-04-25** Placed on 3rd reading `reading-3`
- **2023-04-25** Added to Third Reading Calendar
- **2023-04-26** Read 3rd time `reading-3`
- **2023-04-26** CS passed as amended; YEAS 75, NAYS 40 `passage`
- **2023-04-26** In Messages
- **2023-04-26** Referred to Fiscal Policy `referral-committee`
- **2023-04-26** Received `enrolled`
- **2023-04-28** Withdrawn from Fiscal Policy `withdrawal`
- **2023-04-28** Placed on Calendar, on 2nd reading
- **2023-04-28** Substituted for CS/CS/CS/SB 1158
- **2023-04-28** Read 2nd time `reading-2`
- **2023-04-28** Amendment(s) adopted (118852, 861932)
- **2023-04-28** Read 3rd time `reading-3`
- **2023-04-28** CS passed as amended; YEAS 37 NAYS 0 `passage`
- **2023-04-28** In Messages
- **2023-05-03** Added to Senate Message List
- **2023-05-03** Amendment 861932 Concur
- **2023-05-03** Amendment 118852 Concur
- **2023-05-03** CS passed as amended; YEAS 112, NAYS 0 `passage`
- **2023-05-03** Ordered engrossed, then enrolled `enrolled`
- **2023-05-16** Signed by Officers and presented to Governor `executive-receipt`
- **2023-05-25** Approved by Governor `executive-signature`
- **2023-05-26** Chapter No. 2023-144

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1bd5117e-b711-4e41-b889-cd3a6ee79223`. Confidence: reported (aggregated from official Florida legislature records).