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Last Action: 1/8/2024 House - Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/HB 1611 (Ch. 2024-182)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• Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/HB 1611 (Ch. 2024-182)
-
HB 1015, Original Filed Version (Current Bill Version) Posted 12/22/2023 at 3:38 PM
Bill Text: PDF Analyses: None Related Bills (2)
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
Citations - 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)