Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. SB 1622
       
       
       
       
       
       
                                Barcode 285242                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Banking and Insurance (Richter) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 176 and 177
    4  insert:
    5         Section 2. Temporary keepout program.—Citizens Property
    6  Insurance Corporation shall implement a temporary keepout
    7  program beginning July 1, 2013, and ending on the date the
    8  clearinghouse program established under s. 627.3518, Florida
    9  Statutes, is operational.
   10         (1) Subject to procedures adopted by the corporation, the
   11  program shall provide an opportunity for new applicants for
   12  personal residential multiperil coverage with the corporation to
   13  be offered coverage with authorized insurers through the market
   14  assistance plan established under s. 627.3515, Florida Statutes.
   15         (2) The program is subject to all of the following:
   16         (a) The corporation may not accept a new personal
   17  residential multiperil application for coverage within 72 hours
   18  after submission of the risk to the market assistance plan under
   19  subsection (1).
   20         (b) Section 627.3517, Florida Statutes, relating to
   21  consumer choice of agent does not apply to applications for
   22  coverage accepted by authorized insurers under the program.
   23         (c) An insurer issuing policies under this section is
   24  subject to s. 627.3518(3), Florida Statutes, relating to agent
   25  appointment.
   26         (d) Notwithstanding s. 626.916(1), Florida Statutes, if an
   27  applicant for new or renewal coverage from the corporation does
   28  not receive an offer of coverage from an eligible insurer, the
   29  applicant may accept an offer from a designated broker of an
   30  insurer eligible under ss. 626.913-626.937, Florida Statutes.
   31         (3) This section expires on March 1, 2014, or when the
   32  clearinghouse program established under s. 627.3518, Florida
   33  Statutes, becomes operational, whichever occurs first.
   34  
   35  ================= T I T L E  A M E N D M E N T ================
   36         And the title is amended as follows:
   37         Delete line 11
   38  and insert:
   39         risks to the corporation; establishing a temporary
   40         keepout program that allows authorized insurers to
   41         provide coverage to applicants for coverage through
   42         the corporation through the market assistance program
   43         until the clearinghouse is operational; providing
   44         program requirements; providing for expiration;
   45         providing an effective date.