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HB 1099: Citizens Property Insurance Corporation

GENERAL BILL by Albritton

Citizens Property Insurance Corporation; Revises provisions relating to Florida Hurricane Catastrophe Fund; revises definition of "covered policy"; revises provisions relating to exchange of business between agent & insurer; applies exemption from certain requirements to corporation; revises requirements relating to quota share primary insurance agreements; requires corporation & authorized insurers to enter into excess of loss reinsurance agreements & quota share reinsurance agreements in certain circumstances; authorizes corporation's board of governors to limit corporation's participation; provides that if corporation is reinsurer, all forms & endorsements must be approved by OIR; prohibits corporation from sharing risk for certain damages; requires corporation & each insurer to report additional information to fund & revise procedures for determining whether risk is eligible for corporation; requires corporation to implement eligibility procedures & operational requirements for certain purposes which include clearinghouse for new applications.

Effective Date: 7/1/2013
Last Action: 5/3/2013 House - Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/27/2013 House • Filed
    3/5/2013 House • Introduced -HJ 108
    3/6/2013 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 199
    5/3/2013 House • Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)

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  • HB 1099, Original Filed Version (Current Bill Version) Posted 2/27/2013 at 3:42 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 724 Citizens Property Insurance Corporation Brandes Identical Last Action: 5/3/2013 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
    Location: In committee/council (BI)
    H 835 (c2) Citizens Property Insurance Corporation Wood Compare Last Action: 5/3/2013 H Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
    Location: On 2nd Reading Calendar
    H 909 (e1) Property Insurance Wood Compare Last Action: 5/3/2013 H Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
    Location: On 3rd Reading Calendar
    H 7093 (e1) Establishment of Clearinghouse Program within Citizens Property Insurance Corporation Insurance and Banking Subcommittee Compare Last Action: 4/29/2013 H CS failed to pass; YEAS 51 NAYS 65, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61) -HJ 935
    Location: Failed passage
    S 1622 Establishment of a Clearinghouse Diversion Program Within the Citizens Property Insurance Corporation Richter Compare Last Action: 5/3/2013 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
    Location: In committee/council (BI)
    S 1770 (er) Property Insurance Banking and Insurance Compare Last Action: 5/29/2013 Chapter No. 2013-60, companion bill(s) passed, see SB 1850 (Ch. 2013-61)
    Location: Became Law

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    626.752 Exchange of business. Page 3 (pdf)
    627.351 Insurance risk apportionment plans. Page 4 (pdf)

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