Florida Senate - 2022                                    SB 20-D
       By Senator Book
       32-00012-22D                                           202220D__
    1                        A bill to be entitled                      
    2         An act relating to studies concerning coverage for
    3         personal lines residential structures; requiring the
    4         Office of Insurance Regulation to conduct studies
    5         concerning coverage for personal lines residential
    6         structures; providing reporting requirements;
    7         providing for expiration; providing an effective date.
    9  Be It Enacted by the Legislature of the State of Florida:
   11         Section 1. The Office of Insurance Regulation shall conduct
   12  a study to determine whether Broward County with regard to its
   13  current insurance market lacks a reasonable degree of
   14  competition such that the requirements of s. 627.351(6)(a)3.b.
   15  d., Florida Statutes, do not apply in the county. The office may
   16  study any other county similarly situated. Each study must
   17  consider whether a lack of competition has been found in any
   18  adjoining counties and whether the factors that led to any such
   19  finding apply in the studied county. The office shall submit a
   20  report of its findings concerning Broward County to the
   21  Governor, the Chief Financial Officer, the President of the
   22  Senate, and the Speaker of the House of Representatives no later
   23  than September 1, 2022. The findings concerning any other county
   24  studied under this section shall be presented to the Governor,
   25  the Chief Financial Officer, the President of the Senate, and
   26  the Speaker of the House of Representatives within 90 days after
   27  the commencement of the study. This section expires December 31,
   28  2022.
   29         Section 2. This act shall take effect upon becoming a law.