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: 4/25/2024 - Signed by Officers and presented to Governor
Bill Text: PDF
Last Action: 4/25/2024 - Signed by Officers and presented to Governor
Bill Text: PDF
Senate Committee References:
- 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
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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, refer to CS/CS/HB 1503 -SJ 808 
H 565 Coverage by Citizens Property Insurance Corporation Mooney Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee
H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee
S 604 Citizens Property Insurance Corporation Rodriguez Compare Last Action: 3/8/2024 S Died in Banking and Insurance
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) -
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
S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, refer to CS/CS/HB 1503 -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) -
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
S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, refer to CS/CS/HB 1503 -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 PMSenate: Withdrawn
3/6/2024Web Page
PDF607656 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Boyd 3/6/2024
10:12 AMSenate: Replaced by Engrossed Amendment
3/6/2024Web Page
PDF
731382 - Amendment to Amendment (607656)
Between lines 1340 and 1341 insert:Pizzo 3/6/2024
1:58 PMSenate: Replaced by Engrossed Amendment
3/6/2024Web Page
PDF102780 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Boyd 3/6/2024
4:30 PMHouse: Concur
3/7/2024Web Page
PDFFloor 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) -
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
S 1716 (c2) Citizens Property Insurance Corporation Boyd Compare Last Action: 3/6/2024 S Laid on Table, refer to CS/CS/HB 1503 -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 PMHouse: Adopted
2/29/2024PDF 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) -
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, refer to CS/CS/HB 1503 -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
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) -
HB 1503, Original Filed Version Posted 1/8/2024 at 10:22 AM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 3/20/2024 (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, refer to CS/CS/HB 1503 -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
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)