HB 1015: Insurance
GENERAL BILL by Stevenson
Insurance; Prohibits insurers from cancelling & nonrenewing certain personal residential & commercial residential property insurance policies for specified period; provides requirements for averaged models if such models are used for insurance rates; revises property insurance policies issued by Citizens Property Insurance Corporation which are not subject to rate increase limitations; provides requirements for surplus for reciprocal insurers; requires that reciprocal certificates of authority be issued to certain entities; authorizes reciprocal insurers to borrow money for specified purposes; prohibits specified acquisitions of certain voting securities; provides that votes in contravention of specified provisions are not valid; provides that acquisitions contrary to specified provisions are void; authorizes office to order certain persons to cease acquisition & divest themselves of stocks & ownership interests; prohibits Florida state security & guaranty funds from covering performance of contractual obligations of exchanges & their members for certain provisions relating to reciprocal insurer surpluses & attorney bonds.
Last Action: 1/8/2024 House - Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/HB 1611 (Ch. 2024-182)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/22/2023 | House |
• Filed |
| 1/8/2024 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee • Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/HB 1611 (Ch. 2024-182) |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| H 1611 (er) | Insurance | Insurance & Banking Subcommittee | Compare | Last Action: 5/13/2024 Chapter No. 2024-182 |
|
| S 1622 (c2) | Insurance | Trumbull | Compare | Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1611 (Ch. 2024-182) -SJ 867 |
|
Committee Amendments
Floor Amendments
Bill Analyses
No Bill Analyses AvailableVote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - Statutes (70)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 163.01 | Florida Interlocal Cooperation Act of 1969. | Page 93 (pdf) |
| 624.424 | Annual statement and other information. | Page 11 (pdf) |
| 624.4305 | Nonrenewal of residential property insurance policies. | Page 13 (pdf) |
| 624.45 | Participation of financial institutions in reinsurance and in insurance exchanges. | Page 93 (pdf) |
| 626.9201 | Notice of cancellation or nonrenewal. | Page 13 (pdf) |
| 626.9531 | Identification of insurers, agents, and insurance contracts. | Page 94 (pdf) |
| 627.062 | Rate standards. | Page 16 (pdf) |
| 627.351 | Insurance risk apportionment plans. | Page 17 (pdf) |
| 628.011 | Scope of part. | Page 21 (pdf) |
| 628.061 | Investigation of proposed organization. | Page 21 (pdf) |
| 628.629 | Page 91 (pdf) | |
| 628.801 | Insurance holding companies; registration; regulation. | Page 21 (pdf) |
| 629.011 | “Reciprocal insurance” defined. | Page 24 (pdf) |
| 629.021 | “Reciprocal insurer” defined. | Page 27 (pdf) |
| 629.051 | Name; suits. | Page 27 (pdf) |
| 629.061 | Attorney. | Page 27 (pdf) |
| 629.071 | Surplus funds required. | Page 27 (pdf) |
| 629.081 | Organization of reciprocal insurer. | Page 28 (pdf) |
| 629.091 | Certificate of authority. | Page 30 (pdf) |
| 629.101 | Power of attorney. | Page 30 (pdf) |
| 629.111 | Modifications. | Page 30 (pdf) |
| 629.121 | Attorney’s bond. | Page 31 (pdf) |
| 629.161 | Contributions to insurer. | Page 32 (pdf) |
| 629.171 | Annual statement. | Page 34 (pdf) |
| 629.191 | Who may be subscribers. | Page 34 (pdf) |
| 629.225 | Page 34 (pdf) | |
| 629.227 | Page 46 (pdf) | |
| 629.231 | Assessments. | Page 48 (pdf) |
| 629.241 | Time limit for assessments. | Page 48 (pdf) |
| 629.251 | Aggregate liability. | Page 49 (pdf) |
| 629.271 | Distribution of savings. | Page 49 (pdf) |
| 629.281 | Subscribers’ share in assets. | Page 50 (pdf) |
| 629.291 | Merger or conversion. | Page 50 (pdf) |
| 629.301 | Impaired reciprocal insurers. | Page 52 (pdf) |
| 629.401 | Insurance exchange. | Page 53 (pdf) |
| 629.520 | Authority of a limited reciprocal insurer. | Page 53 (pdf) |
| 629.525 | Page 53 (pdf) | |
| 629.601 | Page 54 (pdf) | |
| 629.602 | Page 55 (pdf) | |
| 629.603 | Page 56 (pdf) | |
| 629.604 | Page 57 (pdf) | |
| 629.605 | Page 58 (pdf) | |
| 629.606 | Page 61 (pdf) | |
| 629.607 | Page 61 (pdf) | |
| 629.608 | Page 62 (pdf) | |
| 629.609 | Page 65 (pdf) | |
| 629.611 | Page 66 (pdf) | |
| 629.612 | Page 67 (pdf) | |
| 629.613 | Page 68 (pdf) | |
| 629.614 | Page 69 (pdf) | |
| 629.615 | Page 77 (pdf) | |
| 629.616 | Page 78 (pdf) | |
| 629.617 | Page 79 (pdf) | |
| 629.618 | Page 81 (pdf) | |
| 629.619 | Page 82 (pdf) | |
| 629.6201 | Page 83 (pdf) | |
| 629.621 | Page 84 (pdf) | |
| 629.622 | Page 85 (pdf) | |
| 629.623 | Page 85 (pdf) | |
| 629.624 | Page 87 (pdf) | |
| 629.625 | Page 87 (pdf) | |
| 629.626 | Page 88 (pdf) | |
| 629.627 | Page 89 (pdf) | |
| 629.628 | Page 90 (pdf) | |
| 629.629 | Page 91 (pdf) | |
| 629.6301 | Page 91 (pdf) | |
| 629.631 | Page 92 (pdf) | |
| 629.632 | Page 92 (pdf) | |
| 629.633 | Page 92 (pdf) | |
| 629.634 | Page 93 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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