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CS/SB 1346: Property Insurance

GENERAL BILL by Budget ; Oelrich ; (CO-INTRODUCERS) Lynn

Property Insurance; Providing for the calculation of an insurer’s reimbursement premium and retention under the reimbursement contract; revising coverage levels available under the reimbursement contract; reducing to 2 percent from 6 percent the amount of the projected deficit in the coastal account for the prior calendar year which is recovered through regular assessments; requiring that remaining projected deficits in personal and commercial lines accounts be recovered through emergency assessments after accounting for the Citizens policyholder surcharge, etc.

Effective Date: except as otherwise expressly provided in this act, this act shall take effect July 1, 2012
 Last Action: 3/9/2012 Senate - Laid on Table, companion bill(s) passed, see HB 1127 (Ch. 2012-80) -SJ 1671
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Budget Subcommittee on General Government Appropriations (BGA)
  3. Budget (BC)

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  • Bill History

    Date Chamber Action
    12/21/2011 Senate • Filed
    1/11/2012 Senate • Referred to Banking and Insurance; Budget -SJ 145
    1/13/2012 Senate • On Committee agenda-- Banking and Insurance, 01/19/12, 8:00 am, 412 Knott Building
    • Introduced -SJ 145
    1/19/2012 Senate • Favorable by Banking and Insurance; YEAS 11 NAYS 0 -SJ 263
    1/20/2012 Senate • Now in Budget -SJ 263
    1/23/2012 Senate • Subreferred to Budget Subcommittee on General Government Appropriations -SJ 268
    • Now in Budget Subcommittee on General Government Appropriations
    • On Committee agenda-- Budget Subcommittee on General Government Appropriations, 01/26/12, 8:30 am, 401 Senate Office Building
    1/26/2012 Senate • Favorable by Budget Subcommittee on General Government Appropriations; YEAS 6 NAYS 0 -SJ 279
    • Now in Budget -SJ 279
    3/1/2012 Senate • On Committee agenda-- Budget, 03/02/12, 2:30 pm, 412 Knott Building --Not Considered
    3/2/2012 Senate • On Committee agenda-- Budget, 03/03/12, 8:00 am, 412 Knott Building
    3/3/2012 Senate • CS by- Budget; YEAS 18 NAYS 2 -SJ 805
    • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading -SJ 805
    3/5/2012 Senate • CS by Budget read 1st time -SJ 808
    3/7/2012 Senate • Placed on Special Order Calendar, 03/09/12
    3/9/2012 Senate • Read 2nd time -SJ 1155
    • Amendment(s) adopted (134088, 282292) -SJ 1155, 1670
    • Substituted HB 1127 -SJ 1671
    • Laid on Table, companion bill(s) passed, see HB 1127 (Ch. 2012-80) -SJ 1671

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  • CS/SB 1346, Committee Substitute 1 (Current Bill Version) Posted 3/3/2012 at 2:45 PM

    Bill Text:   Web Page | PDF
    Analyses:   Budget (Post-Meeting) 3/5/2012 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 833 Florida Hurricane Catastrophe Fund Hager Compare Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)     		Track This Bill
    H 1127 (er) Citizens Property Insurance Corporation Albritton Compare Last Action: 4/8/2012 Chapter No. 2012-80
    Location: Became Law     		Track This Bill
    S 1372 (c1) Florida Hurricane Catastrophe Fund Alexander Compare Last Action: 3/9/2012 S Died in Budget Subcommittee on General Government Appropriations
    Location: In committee/council (BGA)     		Track This Bill

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    134088 - Amendment
    Delete lines 38 - 235.     		Fasano 3/8/2012
    8:02 AM     		Senate: Adopted
    3/9/2012     		Web Page
    PDF
    282292 - Amendment
    Delete lines 1254 - 1256 and insert:     		Fasano 3/8/2012
    8:03 AM     		Senate: Adopted
    3/9/2012     		Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    3/9/2012 10:40 AM Senate - Amendment 134088 25 Yeas - 15 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    627.351 Insurance risk apportionment plans. Page 9 (pdf)

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  • SB 1346, Original Filed Version Posted 12/21/2011 at 3:36 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/17/2012 (pdf)
    Banking and Insurance (Post-Meeting) 1/20/2012 (pdf)
    Budget Subcommittee on General Government Appropriations (Pre-Meeting) 1/25/2012 (pdf)
    Budget Subcommittee on General Government Appropriations (Post-Meeting) 1/26/2012 (pdf)
    Budget (Pre-Meeting) 3/1/2012 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1127 Citizens Property Insurance Corporation Albritton Identical Last Action: 4/8/2012 Chapter No. 2012-80
    Location: Became Law     		Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    769348 - Amendment
    Between lines 31 and 32 insert:     		Budget
    (Alexander)     		3/3/2012
    7:33 AM     		Replaced by Committee Substitute
    3/3/2012     		Web Page
    PDF
    796246 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Budget
    (Alexander)     		3/2/2012
    2:59 PM     		Withdrawn
    3/3/2012     		Web Page
    PDF

    Committee Votes (3)

    Date Committee Result
    1/19/2012 8:00 AM Banking and Insurance 11 Yeas - 0 Nays
    1/26/2012 8:30 AM Budget Subcommittee on General Government Appropriations 6 Yeas - 0 Nays
    3/3/2012 8:00 AM Budget 18 Yeas - 2 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 2 (pdf)

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