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HB 1477: Insurance

GENERAL BILL by Driskell ; (CO-INTRODUCERS) Arrington ; Bracy Davis ; Cassel ; Cross ; Daley ; Eskamani ; Gantt ; Gottlieb ; Harris ; Hinson ; Hunschofsky ; Joseph ; Nixon ; Rayner-Goolsby ; Robinson, F. ; Skidmore ; Valdés ; Waldron ; Woodson

Insurance; Creates Property Insurance Commission; provides for election of Commissioner of Insurance Regulation; revises homeowners' eligibility criteria for mitigation grants; requires interests earned on insurance proceeds received by mortgagees & assignees to be paid to insureds; prohibits property insurers from claiming insolvency under certain circumstances; authorizes persons that engage in property insurance activities in other states to engage in insurance activities in this state only under certain circumstances; requires property insurers to cap premiums or to create sliding fee scales for premium rates; prohibits property insurers from using certain defenses as claims denials; revises requirements for risk assignment agreements; requires OPPAGA to conduct study of effectiveness of property insurance mediation program. APPROPRIATION: $300,000,000

Effective Date: 7/1/2023
 Last Action: 5/5/2023 House - Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/HB 881 (Ch. 2023-176)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    3/3/2023 House • Filed
    3/7/2023 House • 1st Reading (Original Filed Version)
    3/9/2023 House • Referred to Insurance & Banking Subcommittee
    • Referred to State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    5/5/2023 House • Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/HB 881 (Ch. 2023-176)

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  • HB 1477, Original Filed Version (Current Bill Version) Posted 3/3/2023 at 4:54 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1688 Insurance Jones Identical Last Action: 5/5/2023 S Died in Banking and Insurance, companion bill(s) passed, see CS/HB 881 (Ch. 2023-176) Track This Bill
    H 881 (er) My Safe Florida Home Program Insurance & Banking Subcommittee Compare Last Action: 6/1/2023 Chapter No. 2023-176 Track This Bill
    S 748 (c2) My Safe Florida Home Program Boyd Compare Last Action: 4/28/2023 S Laid on Table, companion bill(s) passed, see CS/HB 881 (Ch. 2023-176) -SJ 624 Track This Bill

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    11.91 Page 3 (pdf)
    20.121 Department of Financial Services. Page 4 (pdf)
    112.3134 Page 7 (pdf)
    215.5586 My Safe Florida Home Program. Page 8 (pdf)
    494.0026 Disposition of insurance proceeds. Page 10 (pdf)
    624.401 Certificate of authority required. Page 11 (pdf)
    627.0629 Residential property insurance; rate filings. Page 11 (pdf)
    627.701 Liability of insureds; coinsurance; deductibles. Page 12 (pdf)
    627.715 Flood insurance. Page 13 (pdf)
    627.7152 Assignment agreements. Page 14 (pdf)
    627.7155 Page 15 (pdf)

    Citations - Chapter Law (1)

    Chapter Law Section Amended Location in Bill Location In Bill Help
    2022-268 Section 4 Page 17 (pdf)

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