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CS/CS/HB 1503: Citizens Property Insurance Corporation

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Esposito ; (CO-INTRODUCERS) Barnaby ; Snyder ; Truenow

Citizens Property Insurance Corporation; Revises circumstances under which certain insurers' association shall levy market equalization surcharges on policyholders; provides that certain accounts for Citizens Property Insurance Corporation revenues, assets, liability, losses, & expenses are now maintained as Citizens account; revises requirements for certain coverages by corporation; requires inclusion of quota share primary insurance in certain policies; specifies that certain provisions apply to personal lines residential risks that are primary residences and to personal lines residential risks that are not primary residences; provides that comparisons of comparable coverages under certain personal lines residential risks & commercial lines residential risks do not apply to policies that do not cover primary residences; provides that certain risks that could not be insured under standard policies are eligible for certain basic policies; revises corporation's plan of operation.

Effective Date: July 1, 2024 except as otherwise provided
Last Action: 5/13/2024 - Chapter No. 2024-179
Bill Text: PDF
Senate Committee References:
  1. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    1/8/2024 House • Filed
    1/9/2024 House • 1st Reading (Original Filed Version)
    1/13/2024 House • Referred to Insurance & Banking Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    1/30/2024 House • PCS added to Insurance & Banking Subcommittee agenda
    2/1/2024 House • Favorable with CS by Insurance & Banking Subcommittee
    2/4/2024 House • Reported out of Insurance & Banking Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    2/5/2024 House • Referred to Commerce Committee
    • Now in Commerce Committee
    • 1st Reading (Committee Substitute 1)
    2/20/2024 House • PCS added to Commerce Committee agenda
    2/22/2024 House • Favorable with CS by Commerce Committee
    2/26/2024 House • Reported out of Commerce Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    • Bill referred to House Calendar
    • Bill added to Special Order Calendar (2/29/2024)
    • 1st Reading (Committee Substitute 2)
    2/29/2024 House • Read 2nd time
    • Amendment 681737 adopted
    • Placed on 3rd reading
    • Added to Third Reading Calendar
    3/1/2024 House • Read 3rd time
    • CS passed as amended; YEAS 81, NAYS 28
    3/1/2024 Senate • In Messages
    • Referred to Fiscal Policy
    • Received
    3/6/2024 Senate • Withdrawn from Fiscal Policy -SJ 808
    • Placed on Calendar, on 2nd reading
    • Substituted for CS/CS/SB 1716 -SJ 808
    • Read 2nd time -SJ 808
    • Amendment(s) adopted (102780) -SJ 827
    • Read 3rd time -SJ 827
    • CS passed as amended; YEAS 40 NAYS 0 -SJ 827
    3/6/2024 House • In Messages
    3/7/2024 House • Added to Senate Message List
    • Amendment 102780 Concur
    • CS passed as amended; YEAS 113, NAYS 0
    • Ordered engrossed, then enrolled
    4/25/2024 • Signed by Officers and presented to Governor
    5/10/2024 • Approved by Governor
    5/13/2024 • Chapter No. 2024-179

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  • CS/CS/HB 1503, Enrolled (Current Bill Version) Posted 3/14/2024 at 8:13 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1716 (c2) Citizens Property Insurance Corporation Boyd Similar Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808
    H 565 Coverage by Citizens Property Insurance Corporation Mooney Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)
    S 604 Citizens Property Insurance Corporation Rodriguez Compare Last Action: 3/8/2024 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 4 (pdf), Page 6 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 111 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 115 (pdf)

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  • CS/CS/HB 1503, Engrossed 2 Posted 3/13/2024 at 4:03 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)
    S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf), Page 131 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 133 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 139 (pdf)

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  • CS/CS/HB 1503, Engrossed 1 Posted 2/29/2024 at 11:44 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)
    S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808

    Floor Amendments (4)

    Amendment Sponsor Filed Last Floor Action Format
    402706 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Boyd 3/5/2024
    1:39 PM
    Senate: Withdrawn
    3/6/2024
    Web Page
    PDF
    607656 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Boyd 3/6/2024
    10:12 AM
    Senate: Replaced by Engrossed Amendment
    3/6/2024
    Web Page
    PDF
    hierarchy 731382 - Amendment to Amendment (607656)
    Between lines 1340 and 1341 insert:
    Pizzo 3/6/2024
    1:58 PM
    Senate: Replaced by Engrossed Amendment
    3/6/2024
    Web Page
    PDF
    102780 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Boyd 3/6/2024
    4:30 PM
    House: Concur
    3/7/2024
    Web Page
    PDF

    Floor Votes (3)

    Date Chamber Result
    3/1/2024 1:41 PM House 81 Yeas - 28 Nays
    3/6/2024 3:24 PM Senate 40 Yeas - 0 Nays
    3/7/2024 6:01 PM House 113 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf), Page 131 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 133 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 139 (pdf)

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  • CS/CS/HB 1503, Committee Substitute 2 Posted 2/26/2024 at 5:07 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)
    S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    681737 - Amendment
    Remove lines 1345-3089 and insert:
    Esposito 2/27/2024
    3:44 PM
    House: Adopted
    2/29/2024
    PDF

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf), Page 128 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 130 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 136 (pdf)

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  • CS/HB 1503, Committee Substitute 1 Posted 2/4/2024 at 3:41 PM

    Bill Text:   PDF
    Analyses:   Commerce Committee (Post-Meeting) 2/26/2024 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1716 (c1) Citizens Property Insurance Corporation Boyd Similar Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 4 (pdf), Page 127 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 129 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 135 (pdf)

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  • HB 1503, Original Filed Version Posted 1/8/2024 at 10:22 AM

    Bill Text:   PDF
    Analyses:   Insurance & Banking Subcommittee (Post-Meeting) 5/22/2024 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1716 (c1) Citizens Property Insurance Corporation Boyd Similar Last Action: 3/6/2024 S Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179)

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 126 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 132 (pdf)

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