A Bill containing language drafted by the National Risk Retention Association (NRRA) has been passed by the Florida Legislature and is awaiting signature by the State’s Governor Ron DeSantis.
Captive Intelligence reported extensively last year on the fallout from proposed legislation targeting risk retention groups (RRGs), which NRRA and business owners said would have a devastating impact on RRGs and force trucking companies to close or cease operating in the State.
That legislation ultimately failed to proceed with NRRA launching a fundraising and lobbying campaign to protect the rights of RRGs in Florida and propose legislation that would clarify their position.
NRRA proposed two alternative drafts of bill language, which addressed two Florida statutes defining financial responsibility and foreign RRGs.
Joe Deems, executive director of NRRA, told members in an email update: “While neither of those statutes technically violated the LRRA (Liability Risk Retention Act), the state’s definitions of “authorized insurers” versus “insurers authorized to do business in the state” had been anecdotally used to thwart RRG operations in certain areas, as has been done and continues to be done in many other states.
“So following vigorous opposition by NRRA, after last year’s bill(s) died, we went back to work for this year.”
Tim Sullivan, NRRA chair, said: “With more support to our campaign from all RRGs and other Industry leadership, we are hopeful to have yet another bill to present to the Florida Legislature next year, to continue with our initiatives.”