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CS/SB 1486: Property Insurance

GENERAL BILL by Banking and Insurance ; Garcia ; (CO-INTRODUCERS) Lynn

Property Insurance; revises retention of losses for which insurer is not entitled to reimbursement from Fla. Hurricane Catastrophe Fund; requires that dept. establish low-interest loan program & pilot project for hurricane loss mitigation; creates Task Force on Long-Term Solutions for Fla.'s Hurricane Insurance Market; requires board of governors of Citizens Property Insurance Corporation to submit report to Legislature, etc. Amends FS. APPROPRIATION: $350,000.

Effective Date: 06/01/2005 except as otherwise provided
Last Action: 6/1/2005 - Approved by Governor; Chapter No. 2005-111; See also HB 1939 (Ch. 2005-264), HB 9-A (Ch. 2004-480)
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/15/2005 Senate • Filed
    2/24/2005 Senate • Referred to Banking and Insurance; Judiciary; General Government Appropriations; Ways and Means; Rules and Calendar
    3/8/2005 Senate • Introduced, referred to Banking and Insurance; Judiciary; General Government Appropriations; Ways and Means; Rules and Calendar -SJ 00091; On Committee agenda-- Banking and Insurance, 03/09/05, 9:00 am, 412-K
    3/9/2005 Senate • CS by Banking and Insurance; YEAS 9 NAYS 0 -SJ 00135; CS read first time on 03/10/05 -SJ 00149; Now in Judiciary -SJ 00135
    3/10/2005 Senate • Withdrawn from Judiciary; General Government Appropriations; Ways and Means; Rules and Calendar -SJ 00124; Placed on Calendar, on second reading
    3/17/2005 Senate • Placed on Special Order Calendar -SJ 00227; Read second time -SJ 00222
    3/18/2005 Senate • Read third time -SJ 00235; CS passed; YEAS 37 NAYS 0 -SJ 00235
    3/22/2005 House • In Messages
    5/6/2005 House • Received -HJ 01579; Read second time -HJ 01580; Amendment(s) adopted -HJ 01580; Read third time -HJ 01594; CS passed as amended; YEAS 99 NAYS 17 -HJ 01623
    5/6/2005 Senate • In returning messages; Concurred -SJ 01645; CS passed as amended; YEAS 38 NAYS 1 -SJ 01659; Ordered engrossed, then enrolled -SJ 01659
    5/24/2005 • Signed by Officers and presented to Governor
    6/1/2005 • Approved by Governor; Chapter No. 2005-111; See also HB 1939 (Ch. 2005-264), HB 9-A (Ch. 2004-480)

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  • CS/SB 1486, Enrolled (Current Bill Version) Posted 5/9/2005 at 5:31 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (13)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 1488 (e1) Property Insurance Garcia Similar Last Action: 5/6/2005 S Died on Calendar, Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111), HB 1939 (Ch. 2005-264)
    Location:
    H 365 Russell Compare Last Action: 5/6/2005 H Died in Committee on Justice Appropriations (FC), Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    H 507 Property & Casualty Insurance Gannon Compare Last Action: 5/6/2005 H Died in Committee on Insurance (CC), Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    H 1295 Sorensen Compare Last Action: 5/6/2005 H Died in Committee on State Administration Appropriations (FC), Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    H 1317 Personal Lines Residential Insurance Negron Compare Last Action: 5/6/2005 H Died in Committee on Insurance (CC), Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    H 1745 (e1) Residential Property Insurance Ross Compare Last Action: 5/6/2005 S Died in Committee on Banking and Insurance, Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    H 1859 (e2) Obsolete/Outdated Agency Reports Kottkamp Compare Last Action: 5/6/2005 S Died in Committee on Governmental Oversight and Productivity, Link/Iden/Sim/Compare passed, refer to HB 345 (Ch. 2005-120), HB 775 (Ch. 2005-82), HB 989 (Ch. 2005-158), HB 1305 (Ch. 2005-207), HB 1717 (Ch. 2005-210), HB 1917 (Ch. 2005-263), CS/CS/SB 186 (Ch. 2005-169), CS/CS/CS/SB 360 (Ch. 2005-290), CS/SB 720 (Ch. 2005-172), CS/CS/SB 838 (Ch. 2005-133), CS/CS/CS/SB 1476 (Ch. 2005-222), CS/SB 1486 (Ch. 2005-111), CS/CS/SB 1650 (Ch. 2005-255), CS/SB 2610 (Ch. 2005-152)
    Location:
    H 1937 (e2) Property Insurance Ross Compare Last Action: 5/6/2005 S Died in Committee on Banking and Insurance, Link/Iden/Sim/Compare passed, refer to HB 1939 (Ch. 2005-264), CS/SB 1486 (Ch. 2005-111)
    Location:
    H 1939 (e1) Ross Compare Last Action: 6/17/2005 Approved by Governor; Chapter No. 2005-264; See also CS/SB 1486 (Ch. 2005-111)
    Location:
    S 1158 Property & Casualty Insurance Klein Compare Last Action: 5/6/2005 S Died in Committee on Community Affairs, Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:
    S 1478 (c2) Public Records & Meetings Garcia Compare Last Action: 5/5/2005 S Placed on Special Order Calendar; Substituted HB 1939 -SJ 01226; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 1939 (Ch. 2005-264), CS/SB 1486 (Ch. 2005-111)
    Location:
    S 2414 Insurance Garcia Compare Last Action: 4/27/2005 S Withdrawn from Banking and Insurance; Commerce and Consumer Services -SJ 00637; Withdrawn from further cons., Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111) -SJ 00637
    Location:
    S 2536 Sinkhole Investigation Reports Fasano Compare Last Action: 5/6/2005 S Died in Committee on Regulated Industries, Link/Iden/Sim/Compare passed, refer to CS/SB 1486 (Ch. 2005-111)
    Location:

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund.
    215.559 Hurricane Loss Mitigation Program.
    627.062 Rate standards.
    627.0628 Florida Commission on Hurricane Loss Projection Methodology.
    627.06281
    627.0629 Residential property insurance; rate filings.
    627.351 Insurance risk apportionment plans.
    627.40951
    627.411 Grounds for disapproval.
    627.4133 Notice of cancellation, nonrenewal, or renewal premium.
    627.4143 Outline of coverage.
    627.701 Liability of insureds; coinsurance; deductibles.
    627.7011 Homeowners' policies; offer of replacement cost coverage and law and ordinance coverage.
    627.7015 Alternative procedure for resolution of disputed property insurance claims.
    627.702 Valued policy law.
    627.706 Sinkhole insurance.
    627.7065
    627.707 Minimum standards for investigation of sinkhole claims by insurers; nonrenewals.
    627.7072
    627.7073
    627.711

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  • CS/SB 1486, Engrossed 1 Posted 5/9/2005 at 9:57 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (21)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund.
    215.559 Hurricane Loss Mitigation Program.
    627.062 Rate standards.
    627.0628 Florida Commission on Hurricane Loss Projection Methodology.
    627.06281
    627.0629 Residential property insurance; rate filings.
    627.351 Insurance risk apportionment plans.
    627.40951
    627.411 Grounds for disapproval.
    627.4133 Notice of cancellation, nonrenewal, or renewal premium.
    627.4143 Outline of coverage.
    627.701 Liability of insureds; coinsurance; deductibles.
    627.7011 Homeowners' policies; offer of replacement cost coverage and law and ordinance coverage.
    627.7015 Alternative procedure for resolution of disputed property insurance claims.
    627.702 Valued policy law.
    627.706 Sinkhole insurance.
    627.7065
    627.707 Minimum standards for investigation of sinkhole claims by insurers; nonrenewals.
    627.7072
    627.7073
    627.711

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  • CS/SB 1486, Committee Substitute 1 Posted 3/9/2005 at 1:59 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Post-Meeting) 3/9/2005 (pdf)

    Floor Amendments (7)

    Amendment Sponsor Filed Last Floor Action Format
    865571 - Amendment
    Ross 5/6/2005
    1:55 PM
    Senate: Concurred
    5/6/2005
    Web Page
    PDF
    hierarchy 080366 - S Amend. to H Amend. (865571)
    Fasano 5/6/2005
    8:35 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF
    hierarchy 084124 - S Amend. to H Amend. (865571)
    Campbell 5/6/2005
    10:27 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF
    hierarchy 740216 - S Amend. to H Amend. (865571)
    Campbell 5/6/2005
    10:29 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF
    hierarchy 633828 - S Amend. to H Amend. (865571)
    Campbell 5/6/2005
    10:29 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF
    hierarchy 122588 - S Amend. to H Amend. (865571)
    Campbell 5/6/2005
    10:29 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF
    hierarchy 660558 - S Amend. to H Amend. (865571)
    Campbell 5/6/2005
    10:29 PM
    Senate: Withdrawn
    5/6/2005
    Web Page
    PDF

    Floor Votes (4)

    Date Chamber Result
    3/18/2005 9:23 AM Senate 37 Yeas - 0 Nays
    5/6/2005 4:00 PM House 70 Yeas - 44 Nays
    5/6/2005 5:03 PM House 99 Yeas - 17 Nays
    5/6/2005 11:26 PM Senate 38 Yeas - 1 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.701 Liability of insureds; coinsurance; deductibles.

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  • SB 1486, Original Filed Version Posted 2/15/2005 at 12:38 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Votes (1)

    Date Committee Result
    3/9/2005 9:00 AM Banking and Insurance 9 Yeas - 0 Nays

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