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The Florida Senate

SB 724: Citizens Property Insurance Corporation

GENERAL BILL by Brandes

Citizens Property Insurance Corporation; Amending provisions relating to the exchange of business between an agent and insurer; revising requirements relating to quota share primary insurance agreements; requiring the corporation and authorized insurers to enter into excess of loss reinsurance agreements and quota share reinsurance agreements in certain circumstances; providing that if the corporation is the reinsurer, all forms and endorsements must be approved by the Office of Insurance Regulation; prohibiting the corporation from sharing risk for certain damages, etc.

Effective Date: 7/1/2013
Last Action: 5/3/2013 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Governmental Oversight and Accountability (GO)
  3. Appropriations Subcommittee on General Government (AGG)
  4. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    2/8/2013 Senate • Filed
    2/13/2013 Senate • Referred to Banking and Insurance; Governmental Oversight and Accountability; Appropriations Subcommittee on General Government; Appropriations -SJ 53
    3/5/2013 Senate • Introduced -SJ 53
    5/3/2013 Senate • Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)

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  • SB 724, Original Filed Version (Current Bill Version) Posted 2/8/2013 at 8:00 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1099 Citizens Property Insurance Corporation Albritton Identical Last Action: 5/3/2013 H Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
    Location: In committee/council (IBS)
    H 835 (c2) Citizens Property Insurance Corporation Wood Compare Last Action: 5/3/2013 H Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
    Location: On 2nd Reading Calendar
    H 909 (e1) Property Insurance Wood Compare Last Action: 5/3/2013 H Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
    Location: On 3rd Reading Calendar
    H 7093 (e1) Establishment of Clearinghouse Program within Citizens Property Insurance Corporation Insurance and Banking Subcommittee Compare Last Action: 4/29/2013 H CS failed to pass; YEAS 51 NAYS 65, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61) -HJ 935
    Location: Failed passage
    S 1622 Establishment of a Clearinghouse Diversion Program Within the Citizens Property Insurance Corporation Richter Compare Last Action: 5/3/2013 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
    Location: In committee/council (BI)
    S 1770 (er) Property Insurance Banking and Insurance Compare Last Action: 5/29/2013 Chapter No. 2013-60, companion bill(s) passed, see SB 1850 (Ch. 2013-61)
    Location: Became Law

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    626.752 Exchange of business. Page 3 (pdf)
    627.351 Insurance risk apportionment plans. Page 4 (pdf)

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