Florida · Senate Bill 894 · 2026 Regular Session

Restrictions on Employer-owned Life Insurance Policies

SB 894 Sponsored by Jonathan Martin Died in committee

  1. Introduced Dec 12, 2025
  2. In committee Dec 16, 2025
  3. Passed the Senate  
  4. Passed the House  
  5. To the governor  
  6. Became law Jul 1, 2026

What it does

The legislature's own summary of the bill, or its official long title.

Restrictions on Employer-owned Life Insurance Policies; 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.

Every action

4 steps, oldest first, as the legislature records them.

  1. SenateFiled
  2. CommitteeReferred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy · Senate Banking and Insurance
  3. SenateIntroduced
  4. CommitteeDied in Banking and Insurance · Senate Banking and Insurance

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Florida's official records (flsenate.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.