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HB 367

Home and Service Warranty Association Financial Requirements

2025 Regular Session Introduced by Bill Conerly

HB 367 strengthened Florida home and service warranty financial standards; superseded by passed companion bill SB 282 establishing new regulatory requirements for industry solvency.

Laid on Table, companion bill(s) passed, see CS/CS/SB 282 (Ch. 2025-160)
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Bill Summary · HB 367

Legislative bill overview

HB 367 modifies financial requirements and regulatory standards for home and service warranty associations operating in Florida. The bill was ultimately superseded by its companion bill (CS/CS/SB 282), which passed and became law in 2025.

Why is this important

Home warranty companies directly affect consumers' ability to recover costs for major home repairs and appliance failures. Changes to financial requirements impact both consumer protections—ensuring companies can pay claims—and business operational costs that may be passed to customers through premiums.

Potential points of contention

  • Financial reserve standards: Establishing appropriate reserve levels balances protecting consumers from insolvency against allowing companies to operate competitively without excessive capital burdens
  • Regulatory oversight scope: Determining which warranty products fall under these requirements affects market competition and consumer coverage accessibility
  • Implementation costs: Stricter financial requirements may disadvantage smaller warranty providers or increase premiums for consumers

Compiled from official sources — confirm details with the bill’s official record.

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