SB 1292: Property Insurance
GENERAL BILL by Bean
Property Insurance; Providing that an insurer’s projected payout shall be treated as the insurer’s coverage amount under certain circumstances; revising the factors considered by the Office of Insurance Regulation when reviewing rate filings; providing that an insurer is not prohibited from using specified averages for rate filings; exempting certain personal lines residential structures and single condominium units from annual rate increases; limiting eligibility for coverage by the corporation for personal lines risk, etc.
Effective Date: Upon becoming a law
Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Appropriations Subcommittee on General Government (AGG)
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 2/25/2015 Senate • Filed
3/2/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Fiscal Policy -SJ 124
3/3/2015 Senate • Introduced -SJ 124
5/1/2015 Senate • Died in Banking and Insurance
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SB 1292, Original Filed Version (Current Bill Version) Posted 2/25/2015 at 10:31 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 947 Property Insurance Plakon Identical Last Action: 4/28/2015 H Died in Insurance and Banking Subcommittee
Location: In committee/council (IBS)
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 1 (pdf) 626.854 “Public adjuster” defined; prohibitions. Page 3 (pdf) 627.062 Rate standards. Page 4 (pdf) 627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 6 (pdf) 627.0629 Residential property insurance; rate filings. Page 7 (pdf) 627.351 Insurance risk apportionment plans. Page 8 (pdf) 627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 10 (pdf)