Bill Sponsor
Florida House Bill 1503
Session 2024
Citizens Property Insurance Corporation
Became Law
Became Law
Signed by Governor on May 10, 2024
Sponsors
Committee
Commerce Committee
Committee
Insurance & Banking Subcommittee
Republican
Tiffany Esposito
First Action
Jan 8, 2024
Latest Action
May 13, 2024
Origin Chamber
House
Type
Bill
Bill Number
1503
State
Florida
Session
2024
Sponsorship by Party
Committee
Commerce Committee
Primary
Committee
Insurance & Banking Subcommittee
Primary
Republican
Primary
Republican
Cosponsor
House Votes (2)
Senate Votes (1)
Motion Text
Passage
House Roll Call Votes
Didn't Vote
Unknown
Garcia
Yes
Didn't Vote
Didn't Vote
Didn't Vote
Didn't Vote
Summary
Citizens Property Insurance Corporation; Revises circumstances under which certain insurers' association shall levy market equalization surcharges on policyholders; provides that certain accounts for Citizens Property Insurance Corporation revenues, assets, liability, losses, & expenses are now maintained as Citizens account; revises requirements for certain coverages by corporation; requires inclusion of quota share primary insurance in certain policies; specifies that certain provisions apply to personal lines residential risks that are primary residences and to personal lines residential risks that are not primary residences; provides that comparisons of comparable coverages under certain personal lines residential risks & commercial lines residential risks do not apply to policies that do not cover primary residences; provides that certain risks that could not be insured under standard policies are eligible for certain basic policies; revises corporation's plan of operation.
Documents (3)
Bill Analysis -- Insurance & Banking Subcommittee (Post-Meeting) (5/22/2024 2:10 PM)
Bill Analysis -- Commerce Committee (Post-Meeting) (2/26/2024 5:05 PM)
Sources
Record Created
Jan 8, 2024 9:29:33 PM
Record Updated
Jul 11, 2024 12:19:08 AM