FL H1099 | 2013 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on May 3 2013 - 100% progression
Action: 2013-05-03 - Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
Text: Latest bill text (Introduced) [PDF]

Summary

Revises provisions relating to Florida Hurricane Catastrophe Fund; revises definition of "covered policy"; revises provisions relating to exchange of business between agent & insurer; applies exemption from certain requirements to corporation; revises requirements relating to quota share primary insurance agreements; requires corporation & authorized insurers to enter into excess of loss reinsurance agreements & quota share reinsurance agreements in certain circumstances; authorizes corporation's board of governors to limit corporation's participation; provides that if corporation is reinsurer, all forms & endorsements must be approved by OIR; prohibits corporation from sharing risk for certain damages; requires corporation & each insurer to report additional information to fund & revise procedures for determining whether risk is eligible for corporation; requires corporation to implement eligibility procedures & operational requirements for certain purposes which include clearinghouse for new applications.

Tracking Information

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Title

Citizens Property Insurance Corporation

Sponsors


History

DateChamberAction
2013-05-03HouseDied in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
2013-03-06HouseReferred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee
2013-03-05HouseIntroduced
2013-02-27HouseFiled

Same As/Similar To

S0724 (Same As) 2013-05-03 - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
H0835 (Similar To) 2013-05-03 - Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
H0909 (Similar To) 2013-05-03 - Died on Calendar, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
H7093 (Similar To) 2013-04-29 - CS failed to pass; YEAS 51 NAYS 65, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
S1622 (Similar To) 2013-05-03 - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60), SB 1850 (Ch. 2013-61)
S1770 (Similar To) 2013-05-29 - Chapter No. 2013-60, companion bill(s) passed, see SB 1850 (Ch. 2013-61)

Code Citations

ChapterArticleSectionCitation TypeStatute Text
215555Amended CodeSee Bill Text
626752Amended CodeSee Bill Text
627351Amended CodeSee Bill Text

Florida State Sources


Bill Comments

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