Foreign and Alien Bail Bond Insurers (SB 642)
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Florida
2026
The bill makes bail bond insurers, including out-of-state and foreign companies, follow stricter reporting to Florida’s insurance office. They must keep accurate records of all money paid for bonds and disclose, by state, total premiums, taxes owed, money kept by agents, and how much they count as bail bond premiums in official reports. Reports must count at least 6.5% of what customers pay as premium. This improves transparency, state oversight, and fair tax collection.
Vote Yes on this bill if you want bail bond insurers to keep detailed records, disclose premiums and taxes by state, and report at least 6.5% of what customers pay as premium to improve transparency and tax compliance.
Organizations that support this bill may include consumer protection groups, taxpayer advocates, and state insurance regulators seeking stronger oversight and transparent reporting of bail bond premiums and taxes.
Supported By
Vote No on this bill if you want to avoid new reporting mandates on insurers and agents, prevent potential compliance costs that could raise prices, and limit state access to detailed company financial information.
Organizations that oppose this bill may include bail bond industry associations, out-of-state and foreign insurers, and some insurance agents concerned about added reporting costs and disclosures of revenue kept by agents.
