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CS/CS/HB 803: Property and Casualty Insurance

GENERAL BILL by Economic Affairs Committee ; Insurance and Banking Subcommittee ; Wood ; (CO-INTRODUCERS) Van Zant

Property and Casualty Insurance; Provides statute of limitations for breach of property insurance contract; provides that specified losses are excluded from definition of term "losses" as used in provisions relating to Florida Hurricane Catastrophe Fund; authorizes insurer to renegotiate terms of specified surplus note; revises amount of surplus funds required for domestic insurers applying for certificate of authority; revises minimum surplus that must be maintained by certain insurers; authorizes OIR to reduce specified surplus requirements, etc.

Effective Date: upon becoming a law
Last Action: 5/3/2011 House - Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142) -HJ 1101
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    2/16/2011 House • Filed
    3/3/2011 House • Referred to Insurance and Banking Subcommittee; Rulemaking and Regulation Subcommittee; Economic Affairs Committee -HJ 69
    3/8/2011 House • Introduced -HJ 68
    3/14/2011 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/16/11, 8:00 am, 404 HOB --Workshopped
    4/1/2011 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 04/05/11, 4:00 pm, 404 HOB
    4/5/2011 House • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 3 -HJ 601
    4/8/2011 House • Pending review of CS under Rule 7.19(c)
    • CS by Insurance and Banking Subcommittee read 1st time -HJ 597
    4/11/2011 House • Original reference(s) removed: Rulemaking and Regulation Subcommittee
    • CS referred to Economic Affairs Committee -HJ 610
    • Now in Economic Affairs Committee -HJ 610
    4/12/2011 House • On Committee agenda-- Economic Affairs Committee, 04/14/11, 9:00 am, Reed Hall
    4/14/2011 House • CS/CS by- Economic Affairs Committee; YEAS 11 NAYS 7 -HJ 762
    4/21/2011 House • Pending review of CS -under Rule 7.19(c)
    • CS/CS by Economic Affairs Committee read 1st time -HJ 758
    4/22/2011 House • Placed on Calendar -HJ 766
    5/3/2011 House • Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142) -HJ 1101

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  • CS/CS/HB 803, Committee Substitute 2 (Current Bill Version) Posted 4/21/2011 at 8:38 AM

    Bill Text:   Web Page | PDF
    Analyses:   Economic Affairs Committee (Post-Meeting) 6/28/2011 (pdf)

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1007 (er) Insurer Insolvency Bernard, Julien, Cruz Compare Last Action: 6/27/2011 Chapter No. 2011-226, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
    Location: Became Law
    H 7181 Uniform Home Grading Scale Insurance and Banking Subcommittee Compare Last Action: 5/7/2011 H Died on Calendar, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142)
    Location: On 2nd Reading Calendar
    H 7247 Government Reorganization/OTTED, DCA, & AWI Select Committee on Government Reorganization Compare Last Action: 5/7/2011 H Died, reference deferred, companion bill(s) passed, see CS/CS/HB 7005 (Ch. 2011-235), HB 7207 (Ch. 2011-139), CS/CS/CS/SB 408 (Ch. 2011-39), SB 1204 (Ch. 2011-34), CS/CS/SB 1346 (Ch. 2011-213), SB 2156 (Ch. 2011-142)
    Location: Filed
    S 408 (er) Property and Casualty Insurance Richter Compare Last Action: 5/17/2011 Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
    Location: Became Law
    S 1568 (c2) Insurer Insolvency Montford Compare Last Action: 5/2/2011 S Laid on Table, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), CS/HB 1087 (Ch. 2011-174), HB 4081 (Ch. 2011-11), CS/CS/CS/SB 408 (Ch. 2011-39) -SJ 639
    Location: Laid on Table
    S 2156 (er) Governmental Reorganization Budget Compare Last Action: 6/14/2011 Chapter No. 2011-142, companion bill(s) passed, see HB 639 (Ch. 2011-189), CS/CS/HB 879 (Ch. 2011-223), CS/CS/HB 7005 (Ch. 2011-235), CS/CS/HB 7215 (Ch. 2011-206), CS/CS/CS/SB 408 (Ch. 2011-39), SB 1204 (Ch. 2011-34), CS/CS/SB 1346 (Ch. 2011-213), SB 2000 (Ch. 2011-69)
    Location: Became Law

    Citations - Statutes (22)

    Citation Catchline Location in Bill Location In Bill Help
    95.11 Limitations other than for the recovery of real property. Page 7 (pdf)
    215.555 Florida Hurricane Catastrophe Fund. Page 8 (pdf)
    215.5595 Insurance Capital Build-Up Incentive Program. Page 9 (pdf)
    624.407 Capital funds required; new insurers. Page 9 (pdf)
    624.408 Surplus as to policyholders required; new and existing insurers. Page 11 (pdf)
    626.70132 Page 25 (pdf)
    626.852 Scope of this part. Page 13 (pdf)
    626.854 “Public adjuster” defined; prohibitions. Page 13 (pdf), Page 18 (pdf)
    627.062 Rate standards. Page 26 (pdf)
    627.06281 Public hurricane loss projection model; reporting of data by insurers. Page 46 (pdf)
    627.0629 Residential property insurance; rate filings. Page 47 (pdf)
    627.4133 Notice of cancellation, nonrenewal, or renewal premium. Page 50 (pdf)
    627.43141 Page 53 (pdf)
    627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 55 (pdf)
    627.70131 Insurer’s duty to acknowledge communications regarding claims; investigation. Page 59 (pdf)
    627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions. Page 62 (pdf)
    627.7065 Database of information relating to sinkholes; the Department of Financial Services and the Department of Environmental Protection. Page 67 (pdf)
    627.707 Standards for investigation of sinkhole claims by insurers; nonrenewals. Page 67 (pdf)
    627.7073 Sinkhole reports. Page 72 (pdf)
    627.7074 Alternative procedure for resolution of disputed sinkhole insurance claims. Page 76 (pdf)
    627.711 Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form. Page 83 (pdf)
    631.54 Definitions. Page 83 (pdf)

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  • CS/HB 803, Committee Substitute 1 Posted 4/8/2011 at 3:30 PM

    Bill Text:   Web Page | PDF
    Analyses:   Insurance and Banking Subcommittee (Post-Meeting) 4/8/2011 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 7181 Uniform Home Grading Scale Insurance and Banking Subcommittee Compare Last Action: 5/7/2011 H Died on Calendar, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142)
    Location: On 2nd Reading Calendar
    S 408 (c3) Property and Casualty Insurance Richter Compare Last Action: 5/17/2011 Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
    Location: Became Law

    Citations - Statutes (19)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 6 (pdf)
    624.407 Capital funds required; new insurers. Page 8 (pdf)
    624.408 Surplus as to policyholders required; new and existing insurers. Page 9 (pdf)
    626.70132 Page 24 (pdf)
    626.852 Scope of this part. Page 11 (pdf)
    626.854 “Public adjuster” defined; prohibitions. Page 12 (pdf), Page 16 (pdf)
    627.062 Rate standards. Page 24 (pdf)
    627.0629 Residential property insurance; rate filings. Page 44 (pdf)
    627.4133 Notice of cancellation, nonrenewal, or renewal premium. Page 47 (pdf)
    627.43141 Page 51 (pdf)
    627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 53 (pdf)
    627.70131 Insurer’s duty to acknowledge communications regarding claims; investigation. Page 57 (pdf)
    627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions. Page 59 (pdf)
    627.7065 Database of information relating to sinkholes; the Department of Financial Services and the Department of Environmental Protection. Page 65 (pdf)
    627.707 Standards for investigation of sinkhole claims by insurers; nonrenewals. Page 65 (pdf)
    627.7073 Sinkhole reports. Page 70 (pdf)
    627.7074 Alternative procedure for resolution of disputed sinkhole insurance claims. Page 73 (pdf)
    627.711 Notice of premium discounts for hurricane loss mitigation; uniform mitigation verification inspection form. Page 80 (pdf)
    631.54 Definitions. Page 81 (pdf)

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  • HB 803, Original Filed Version Posted 2/16/2011 at 4:55 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (7)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 707 (c1) Agriculture Crisafulli Compare Last Action: 5/7/2011 H Died in Rulemaking and Regulation Subcommittee
    Location: In committee/council (RRS)
    H 885 (c1) Residential Property Insurance Wood Compare Last Action: 5/7/2011 H Died on Calendar, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
    Location: On 2nd Reading Calendar
    H 4115 Powers of the Consumer Advocate Plakon Compare Last Action: 5/7/2011 S Died in Messages, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
    Location: In messages from House
    H 7181 Uniform Home Grading Scale Insurance and Banking Subcommittee Compare Last Action: 5/7/2011 H Died on Calendar, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39), SB 2156 (Ch. 2011-142)
    Location: On 2nd Reading Calendar
    S 408 (c3) Property and Casualty Insurance Richter Compare Last Action: 5/17/2011 Chapter No. 2011-39, companion bill(s) passed, see CS/HB 1007 (Ch. 2011-226), HB 4081 (Ch. 2011-11), SB 2156 (Ch. 2011-142)
    Location: Became Law
    S 858 (c1) Agriculture Hays Compare Last Action: 5/7/2011 S Died in Budget
    Location: In committee/council (BC)
    S 1462 Powers of the Consumer Advocate Hays Compare Last Action: 5/7/2011 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/SB 408 (Ch. 2011-39)
    Location: In committee/council (BI)

    Citations - Statutes (24)

    Citation Catchline Location in Bill Location In Bill Help
    624.407 Capital funds required; new insurers. Page 8 (pdf)
    624.408 Surplus as to policyholders required; new and existing insurers. Page 10 (pdf)
    624.4095 Premiums written; restrictions. Page 12 (pdf)
    624.424 Annual statement and other information. Page 12 (pdf)
    626.70132 Page 24 (pdf)
    626.854 “Public adjuster” defined; prohibitions. Page 13 (pdf), Page 14 (pdf)
    626.8651 Public adjuster apprentice license; qualifications. Page 22 (pdf)
    626.8796 Public adjuster contracts; fraud statement. Page 23 (pdf)
    627.0613 Consumer advocate. Page 24 (pdf)
    627.062 Rate standards. Page 25 (pdf)
    627.0629 Residential property insurance; rate filings. Page 45 (pdf)
    627.351 Insurance risk apportionment plans. Page 49 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 83 (pdf)
    627.4133 Notice of cancellation, nonrenewal, or renewal premium. Page 84 (pdf)
    627.43141 Page 88 (pdf)
    627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 90 (pdf)
    627.70131 Insurer’s duty to acknowledge communications regarding claims; investigation. Page 94 (pdf)
    627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions. Page 97 (pdf)
    627.7061 Coverage inquiries. Page 101 (pdf), Page 102 (pdf)
    627.7065 Database of information relating to sinkholes; the Department of Financial Services and the Department of Environmental Protection. Page 102 (pdf)
    627.707 Standards for investigation of sinkhole claims by insurers; nonrenewals. Page 102 (pdf)
    627.7073 Sinkhole reports. Page 107 (pdf)
    627.7074 Alternative procedure for resolution of disputed sinkhole insurance claims. Page 110 (pdf)
    627.712 Residential windstorm coverage required; availability of exclusions for windstorm or contents. Page 118 (pdf)

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