Florida Senate - 2013 COMMITTEE AMENDMENT Bill No. SB 1622 Barcode 285242 LEGISLATIVE ACTION Senate . House . . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— 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.