Florida 2026 Session Status: To Executive 3 R cosponsors

HB 883 — Protected Cell Captive Insurance Companies

Last action — Chapter No. 2026-72

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been sent to the executive. Introduced December 23, 2025. It awaits signature.

Signed by Governor Ron DeSantis (Republican) on April 30, 2026.

Next likely step: the executive signs it into law or issues a veto.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 72% · moderate confidence

  • To Executive

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Protected Cell Captive Insurance Companies; Specifying that a protected cell captive insurance company may only insure certain risks; revising the unimpaired paid-in capital requirements for captive insurance companies; authorizing one or more sponsors to form a protected cell captive insurance company; requiring applicant protected cell captive insurance companies to file certain information with the Office of Insurance Regulation; authorizing protected cell captive insurance companies to establish and maintain certain protected cells, subject to certain approvals granted by the office, etc.

Bill Text

What changed in the latest version

249 added · 250 removed

249 line(s) added, 250 removed.

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 A bill to be entitled An act relating to protected cell captive insurance companies;
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 A bill to be entitled An act relating to protected cell captive insurance companies;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 specifying conditions on protected cell establishment and maintenance;
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 specifying conditions on protected cell establishment and maintenance;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 prohibiting assets of protected cells from being used to pay certain expenses and claims;
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 prohibiting assets of protected cells from being used to pay certain expenses and claims;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 specifying the formation date upon conversion;
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 specifying the formation date upon conversion;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 disaffiliation of a protected cell for certain purposes;
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 disaffiliation of a protected cell for certain purposes;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 affiliate of such person or entity, which is insured by a protected cell captive insurance company, if the losses of the participant are limited through a participant contract.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 affiliate of such person or entity, which is insured by a protected cell captive insurance company, if the losses of the participant are limited through a participant contract.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 (b) That is formed or licensed under this part;
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 (b) That is formed or licensed under this part;
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 for a license to do any and all insurance authorized under the insurance code, other than workers' compensation and employer's liability, life, health, personal motor vehicle, and personal residential property insurance, except that:
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 for a license to do any and all insurance authorized under the insurance code, other than workers' compensation and employer's liability, life, health, personal motor vehicle, and personal residential property insurance, except that:
(a) In the case of a protected cell captive insurance company, at least $100,000.
(a) In the case of a protected cell captive insurance company, at least $200,000.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 (2) The office may not issue a license to a captive insurance company incorporated as a nonprofit corporation unless the company possesses and maintains the following applicable unrestricted net assets requirements of:
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 (2) The office may not issue a license to a captive insurance company incorporated as a nonprofit corporation unless the company possesses and maintains the following applicable unrestricted net assets requirements of:
(a) In the case of a protected cell captive insurance company, at least $100,000.
(a) In the case of a protected cell captive insurance company, at least $250,000.
(b) In the case of a protected cell captive insurance company, at least $100,000.
(b) In the case of a protected cell captive insurance company, at least $150,000.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 company incorporated as a stock insurer, at least $300,000.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 company incorporated as a stock insurer, at least $300,000.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 limited liability company.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 limited liability company.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 company with respect to each protected cell.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 company with respect to each protected cell.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 accounts bearing the name or designation of that protected cell.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 accounts bearing the name or designation of that protected cell.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 or in readily marketable securities with established market values.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 or in readily marketable securities with established market values.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 general account.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 general account.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 (f) Each protected cell must be accounted for separately on the books and records of the protected cell captive insurance company to reflect the financial condition and results of operations of such protected cell, net income or loss, dividends or other distributions to participants, and such other factors as may be provided in the participant contract or required by the office.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 (f) Each protected cell must be accounted for separately on the books and records of the protected cell captive insurance company to reflect the financial condition and results of operations of such protected cell, net income or loss, dividends or other distributions to participants, and such other factors as may be provided in the participant contract or required by the office.
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 with the plan of operation approved by the office.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 with the plan of operation approved by the office.
(k) In connection with the conservation, rehabilitation, or liquidation of a protected cell captive insurance company, the assets and liabilities of a protected cell must, to the extent the office determines they are separable, at all times be kept separate from, and may not be commingled with, those of other protected cells and the protected cell captive insurance company.
(k) In connection with the rehabilitation or liquidation of a protected cell captive insurance company, the assets and liabilities of a protected cell must, to the extent the office determines they are separable, at all times be kept separate from, and may not be commingled with, those of other protected cells and the protected cell captive insurance company.
(l) Each protected cell captive insurance company must annually file with the office such financial reports as required Page 17 of 25 CODING:
(l) Each protected cell captive insurance company must annually file with the office such financial reports as required by the office.
Any such financial report must include, without Page 17 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 by the office.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 limitation, accounting statements detailing the financial experience of each protected cell.
Any such financial report must include, without limitation, accounting statements detailing the financial experience of each protected cell.
The amount of security provided may not be less than the reserves associated with those liabilities which are neither fronted nor reinsured, including reserves for Page 18 of 25 CODING:
The amount of security provided may not be less than the reserves associated with those liabilities which are neither fronted nor reinsured, including reserves for losses, allocated loss adjustment expenses, incurred but not Page 18 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 losses, allocated loss adjustment expenses, incurred but not reported losses, and unearned premiums for business written through the participant's protected cell.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 reported losses, and unearned premiums for business written through the participant's protected cell.
Page 19 of 25 CODING:
(r) A protected cell captive insurance company formed or Page 19 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 (r) A protected cell captive insurance company formed or licensed under this part may establish and operate both unincorporated and incorporated protected cells.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 licensed under this part may establish and operate both unincorporated and incorporated protected cells.
(8)(a) The pleadings in any legal action brought by or against a protected cell captive insurance company must specify which protected cell or cells are or should be named a party to Page 20 of 25 CODING:
(8)(a) The pleadings in any legal action brought by or against a protected cell captive insurance company must specify which protected cell or cells are or should be named a party to the suit.
If the general account is party to the suit, such Page 20 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 the suit.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 account must be separately identified in the pleadings as if it were a protected cell.
If the general account is party to the suit, such account must be separately identified in the pleadings as if it were a protected cell.
Page 21 of 25 CODING:
(9)(a)1.
Upon the application of a protected cell captive Page 21 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 (9)(a)1.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 insurance company, one of its protected cells may be converted to any form of captive insurance company authorized pursuant to this part with the consent of the office.
Upon the application of a protected cell captive insurance company, one of its protected cells may be converted to any form of captive insurance company authorized pursuant to this part with the consent of the office.
The Page 22 of 25 CODING:
The organizational documents must include the date of formation as a Page 22 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 organizational documents must include the date of formation as a protected cell.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 protected cell.
The office may require the affected protected cell captive insurance companies and the individual protected cell to make necessary changes to their business plans, organizational documents, participation contracts, or other governing documents before Page 23 of 25 CODING:
The office may require the affected protected cell captive insurance companies and the individual protected cell to make necessary changes to their business plans, organizational documents, participation contracts, or other governing documents before approving the change in affiliation.
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The formation date of a Page 23 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 approving the change in affiliation.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 protected cell that affiliates with another protected cell captive insurance company shall be the date of its original formation with the prior protected cell captive insurance company.
The formation date of a protected cell that affiliates with another protected cell captive insurance company shall be the date of its original formation with the prior protected cell captive insurance company.
The surviving protected cell must acquire all of the assets and liabilities, including outstanding insurance liabilities, of the merging protected Page 24 of 25 CODING:
The surviving protected cell must acquire all of the assets and liabilities, including outstanding insurance liabilities, of the merging protected cell.
A hearing is not required for mergers of protected cells Page 24 of 25 CODING:
hb883-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 883 2026 cell.
hb883-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 883 2026 effectuated under this section.
A hearing is not required for mergers of protected cells effectuated under this section.
hb883-02-c2
hb883-01-c1
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Action History

  1. Chapter No. 2026-72

  2. Approved by Governor

  3. Signed by Officers and presented to Governor

  4. Ordered enrolled

  5. In Messages

  6. CS passed; YEAS 37 NAYS 0 -SJ 517

  7. Read 3rd time -SJ 517

  8. Read 2nd time -SJ 517

  9. Substituted for SB 990 -SJ 517

  10. Placed on Calendar, on 2nd reading

  11. Withdrawn from Rules -SJ 516

  12. Received

  13. Referred to Rules

  14. In Messages

  15. CS passed; YEAS 110, NAYS 0

  16. Read 3rd time

  17. Added to Third Reading Calendar

  18. Read 2nd time

  19. Bill added to Special Order Calendar (3/3/2026)

  20. Added to Second Reading Calendar

  21. 1st Reading (Committee Substitute 2)

  22. Bill referred to House Calendar

  23. CS Filed

  24. Laid on Table under Rule 7.18(a)

  25. Reported out of Commerce Committee

  26. Favorable with CS by Commerce Committee

  27. Added to Commerce Committee agenda

  28. Now in Commerce Committee

  29. Reported out of Civil Justice & Claims Subcommittee

  30. Favorable by Civil Justice & Claims Subcommittee

  31. Added to Civil Justice & Claims Subcommittee agenda

  32. Now in Civil Justice & Claims Subcommittee

  33. Referred to Commerce Committee

  34. Referred to Civil Justice & Claims Subcommittee

  35. 1st Reading (Committee Substitute 1)

  36. CS Filed

  37. Laid on Table under Rule 7.18(a)

  38. Reported out of Insurance & Banking Subcommittee

  39. Favorable with CS by Insurance & Banking Subcommittee

  40. Added to Insurance & Banking Subcommittee agenda

  41. 1st Reading (Original Filed Version)

  42. Now in Insurance & Banking Subcommittee

  43. Referred to Commerce Committee

  44. Referred to Civil Justice & Claims Subcommittee

  45. Referred to Insurance & Banking Subcommittee

  46. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 4 co-sponsors · 159 not signed on

Sponsors (1)

  • Commerce Committee

Co-sponsors (4)

Not signed on (159)

159 members have not signed on to this bill.

Show all 159 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passage Third Reading

Passed 110 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Democrat 32002
Republican 74005
Unaffiliated 4000
Total 110007
% of votes cast 94%0%0%6%
How each member voted (117)
Member Party Vote
Gonzalez Pittman — Yea
Smith — Yea
Kincart Jonsson — Yea
Tomkow — Yea
Alvarez, Jose Democrat Yea
Antone, Bruce Hadley Democrat Yea
Aristide, Wallace Democrat Yea
Bartleman, Robin Democrat Yea
Campbell, Daryl Democrat Yea
Chambliss, Kevin D. Democrat Yea
Cross, Lindsay Democrat Yea
Daley, Dan Democrat Yea
Daniels, Kimberly Democrat Yea
Driskell, Fentrice Democrat Yea
Dunkley, Lisa Democrat Yea
Edmonds, Jervonte "Tae" Democrat Not Voting
Eskamani, Dr. Anna V. Democrat Yea
Franklin II, Gallop Democrat Yea
Gantt, Ashley Viola Democrat Yea
Gottlieb, Michael "Mike" Democrat Yea
Harris, Jennifer "Rita" Democrat Yea
Hart-Lowman, Dianne "Ms Dee" Democrat Yea
Hinson, Yvonne Hayes Democrat Yea
Hunschofsky, Christine Democrat Yea
Joseph, Dotie Democrat Not Voting
Long, Rob Democrat Yea
López, Johanna Democrat Yea
Nixon, Angela "Angie" Democrat Yea
Rayner, Michele K. Democrat Yea
Robinson, Felicia Simone Democrat Yea
Robinson, Felicia Simone Democrat Yea
Rosenwald, Mitch Democrat Yea
Skidmore, Kelly Democrat Yea
Spencer, Leonard Democrat Yea
Tant, Allison Democrat Yea
Tendrich, Debra Democrat Yea
Woodson, Marie Paule Democrat Yea
Young, RaShon Democrat Yea
Abbott, Shane G. Republican Yea
Albert, Jon Republican Yea
Alvarez, Daniel Antonio "Danny" Republican Yea
Anderson, Adam Republican Yea
Andrade, Robert Alexander "Alex" Republican Yea
Baker, Jessica Republican Yea
Bankson, Douglas Michael "Doug" Republican Yea
Barnaby, Webster Republican Yea
Basabe, Fabián Republican Yea
Benarroch, Yvette Republican Yea
Berfield, Kimberly Republican Yea
Black, Dean Republican Yea
Blanco, Omar Republican Yea
Booth, Erika Republican Yea
Borrero, David Republican Yea
Botana, Adam Republican Yea
Boyles, Nathan Republican Yea
Brackett, Robert A. "Robbie" Republican Yea
Brannan III, Robert Charles "Chuck" Republican Yea
Buchanan, James Republican Yea
Busatta, Demi Republican Yea
Canady, Jennifer Republican Yea
Cassel, Hillary Republican Yea
Chamberlin, Ryan Republican Yea
Chaney, Linda Republican Yea
Cobb, Nan Republican Yea
Conerly, William "Bill" Republican Yea
Duggan, Wyman Republican Yea
Esposito, Tiffany Republican Yea
Fabricio, Tom Republican Yea
Garrison, Sam Republican Yea
Gentry, Richard Republican Yea
Gerwig, Anne Republican Yea
Giallombardo, Mike Republican Yea
Gossett-Seidman, Peggy Republican Not Voting
Greco, Sam Republican Yea
Griffitts Jr., Philip Wayne "Griff" Republican Yea
Grow, J.J. Republican Yea
Hodgers, Brian Republican Yea
Holcomb, Jeff Republican Yea
Jacques, Berny Republican Yea
Johnson, Chad Republican Yea
Kendall, Kim Republican Yea
Koster, Traci Republican Yea
LaMarca, Chip Republican Yea
Maggard, Randall Scott "Randy" Republican Yea
Maney, Patt Republican Yea
McClure, Lawrence Republican Yea
McFarland, Fiona Republican Yea
Melo, Lauren Republican Yea
Michael, Kiyan Republican Not Voting
Miller, Monique Republican Yea
Mooney Jr., James Vernon "Jim" Republican Yea
Nix Jr., Danny Republican Yea
Oliver, Vanessa Republican Yea
Overdorf, Tobin Rogers "Toby" Republican Yea
Owen, Michael Republican Yea
Partington, Bill Republican Yea
Perez, Daniel Republican Yea
Persons-Mulicka, Jenna Republican Yea
Plakon, Rachel Saunders Republican Yea
Plasencia, Susan Republican Yea
Porras, Juan Carlos Republican Yea
Redondo, Mike Republican Yea
Rizo, Alex Republican Yea
Salzman, Michelle Republican Not Voting
Sapp, Judson Republican Yea
Shoaf, Jason Republican Yea
Sirois, Tyler I. Republican Yea
Snyder, John Republican Yea
Stark, Paula A. Republican Not Voting
Steele, Kevin M. Republican Yea
Trabulsy, Dana Republican Yea
Tramont, Chase Republican Yea
Tuck, Kaylee Republican Yea
Valdés, Susan L. Republican Yea
Weinberger, Meg Republican Yea
Yarkosky, Taylor Michael Republican Yea
Yeager, Bradford Troy "Brad" Republican Not Voting

Official roll call →

Subjects

finance health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 883 do?
Protected Cell Captive Insurance Companies; Specifying that a protected cell captive insurance company may only insure certain risks; revising the unimpaired paid-in capital requirements for captive insurance companies; authorizing one or more sponsors to form a protected cell captive insurance company; requiring applicant protected cell captive insurance companies to file certain information with the Office of Insurance Regulation; authorizing protected cell captive insurance companies to establish and maintain certain protected cells, subject to certain approvals granted by the office, etc.
Who sponsors HB 883?
HB 883 is sponsored by Commerce Committee, Insurance & Banking Subcommittee, Fabricio, Tom (Republican), Black, Dean (Republican), and Partington, Bill (Republican).
What is the current status of HB 883?
This bill has been sent to the executive. Introduced December 23, 2025. It awaits signature.
Where can I track HB 883?
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