CS/HB 1433: Hurricane Mitigation Grants and Insurers' Regulations
GENERAL BILL by Insurance & Banking Subcommittee ; Benarroch ; (CO-INTRODUCERS) Cassel
Hurricane Mitigation Grants and Insurers' Regulations; Specifies that hurricane mitigation grants funded through My Safe Florida Home Program may be awarded only under certain circumstances; requires DFS to require that certain mitigation improvements be made as condition of reimbursing homeowner approved for grant; increases surpluses required for certain insurers applying for their original certificates of authority & maintaining their certificates of authority; specifies prohibitions for persons who were officers or directors of insolvent insurer, officers or directors of managing general agent of insolvent insurer, attorneys in fact of insolvent reciprocal insurer, or officers or directors of attorney in fact of insolvent reciprocal insurer; requires OIR to prohibit insurers or reciprocal insurers from paying any compensation to certain persons for certain violations until violations are remedied; requires that insurers' final decisions to deny claims or portions of claims be made by qualified human professionals.
Last Action: 4/21/2025 House - PCS added to Commerce Committee agenda
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/28/2025 | House |
• Filed |
| 3/4/2025 | House |
• 1st Reading (Original Filed Version) |
| 3/5/2025 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Budget Committee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 4/8/2025 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 4/10/2025 | House |
• Favorable with CS by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
| 4/11/2025 | House |
• Referred to Commerce Committee • Now in Commerce Committee • 1st Reading (Committee Substitute 1) |
| 4/21/2025 | House |
• PCS added to Commerce Committee agenda |
