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SPB 7018: Property Insurance

PROPOSED BILL by Banking and Insurance

Property Insurance; Creating the Florida Catastrophe Risk Capital Access Facility to increase the access of small domestic insurers to risk-capital markets; establishing the facility in the State Board of Administration; providing that Citizens Property Insurance Corporation is an insurer subject to civil actions as an agent of the state covered by sovereign immunity; requiring insurers to provide notice of mitigation discounts in a residential property insurance rate filing; establishing a clearinghouse within the corporation for identifying and diverting insurance coverage to private insurers, etc.

Effective Date: Except as otherwise expressly provided in the act, this act shall take effect July 1, 2013
Last Action: 3/8/2013 Senate - Submit as committee bill by Banking and Insurance (SB 1770)
Location: Acted on by committee/council, pending report (BI)
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
3/4/2013 Senate • Submitted for consideration by Banking and Insurance
• On Committee agenda-- Banking and Insurance, 03/07/13, 8:00 am, 110 Senate Office Building -- (Submitted as Committee Bill; YEAS 11 NAYS 1)
3/8/2013 Senate • Submit as committee bill by Banking and Insurance (SB 1770)