Florida Senate Bill 894: Restrictions on Employer-owned Life Insurance Policies

Florida · 2026 Regular Session

What it does

Authorizing employer-owned life insurance policies covering certain key persons of business entities, organizations, companies, and corporations under specified circumstances; providing that premiums, loan interests, and expenses related to employer-owned life insurance are not tax deductible; specifying that insurers that violate certain provisions are subject to a fine of up to $1 million per violation and may have its authority to transact insurance suspended or revoked, etc.

Latest action

Died in Banking and Insurance (2026-03-13)

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