HB 1433: Hurricane Mitigation Grants and Insurers' Regulations
GENERAL BILL by Benarroch
Hurricane Mitigation Grants and Insurers' Regulations; Requires DFS to require that certain mitigation improvements be made as condition of reimbursing homeowner approved for My Safe Florida Home Program grant; increases surpluses required for certain insurers applying for their original certificates of authority & maintaining their certificates of authority, respectively; 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.
Last Action: 3/5/2025 House - Now in Insurance & Banking Subcommittee
Bill Text: PDF
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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
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HB 1433, Original Filed Version (Current Bill Version) Posted 2/28/2025 at 11:41 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1740 (c1) Insurance Ingoglia Similar Last Action: 3/19/2025 S CS by Banking and Insurance read 1st time 
Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 215.5586 My Safe Florida Home Program. Page 2 (pdf) 624.407 Surplus required; new insurers. Page 14 (pdf) 624.4073 Officers and directors of insolvent insurers. Page 15 (pdf) 624.408 Surplus required; current insurers. Page 17 (pdf)