CS/CS/HB 879: Flood Insurance
GENERAL BILL by Regulatory Affairs Committee ; Insurance and Banking Subcommittee ; Hooper ; (CO-INTRODUCERS) Ahern ; Dudley ; Gibbons ; Mayfield ; Peters ; Rogers ; Van Zant ; Zimmermann
Flood Insurance; Adds projected flood losses to factors that must be considered by OIR in reviewing certain rate filings; requires Florida Commission on Hurricane Loss Projection Methodology to adopt standards & guidelines relating to personal lines residential flood loss by certain date; authorizes certain insurers to offer flood insurance in this state; provides standard & preferred coverage requirements; provides standard, preferred, & customized coverage requirements; authorizes supplemental flood insurance; provides supplemental flood insurance requirements; defines "flood"; requires that certain limitations be noted on policy declarations or face page; provides insurer with rate options; authorizes surplus lines agent to export contract or endorsement for flood coverage to surplus lines insurer without meeting certain requirements; requires insurer to notify office before writing flood insurance & to file plan of operation with office; provides an exception; prohibits Citizens Property Insurance Corporation from providing flood insurance; prohibits Florida Hurricane Catastrophe Fund from reimbursing losses caused by flooding; requires certain agents to obtain an acknowledgment of certain disclosures signed by applicant.
Last Action: 4/25/2014 House - Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 542 (Ch. 2014-80), SB 1262 (Ch. 2014-98) -HJ 764
Location: Laid on Table
Bill Text: PDF
• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 77
• PCS on Committee agenda-- Insurance and Banking Subcommittee, 03/05/14, 3:30 pm, Sumner Hall
• Introduced -HJ 77
• CS by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 219
• Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 214
• Now in Government Operations Appropriations Subcommittee -HJ 277
• On Committee agenda-- Government Operations Appropriations Subcommittee, 03/24/14, 3:00 pm, Morris Hall
• Favorable by Government Operations Appropriations Subcommittee; YEAS 12 NAYS 0 -HJ 339
• Now in Regulatory Affairs Committee -HJ 339
• On Committee agenda-- Regulatory Affairs Committee, 04/10/14, 8:00 am, Sumner Hall
• CS/CS by- Regulatory Affairs Committee; YEAS 15 NAYS 0 -HJ 541
• Pending review of CS -under Rule 7.19(c)
• CS/CS by Regulatory Affairs Committee read 1st time -HJ 535
• Placed on Calendar -HJ 545
• Placed on Special Order Calendar, 04/25/14
• Substituted CS/CS/CS/SB 542 -HJ 764
• Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 542 (Ch. 2014-80), SB 1262 (Ch. 2014-98) -HJ 764
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