FL H1307 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on April 28 2015 - 100% progression
Action: 2015-04-28 - Died in Insurance and Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on April 28 2015 - 100% progression
Action: 2015-04-28 - Died in Insurance and Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises definition of term "covered policy"; exempts additional specified activities of corporation from certain requirements; revises requirements relating to quota share primary insurance agreements; requires corporation's plan of operation to adopt program that facilitates removal of certain residential risks; specifies limitations on participation in such program; deletes & revises related terms; provides that entering into specified agreements is at discretion of insurer; 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 & requires SBA to adopt rules to administer such requirement; revises procedures for determining whether risk is eligible for corporation.
Title
Citizens Property Insurance Corporation
Sponsors
History
Date | Chamber | Action |
---|---|---|
2015-04-28 | House | Died in Insurance and Banking Subcommittee |
2015-03-08 | House | Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee |
2015-03-03 | House | Introduced |
2015-03-03 | House | Filed |
Same As/Similar To
S0936 (Same As) 2015-05-01 - Died in Banking and Insurance
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
215 | 555 | Amended Code | See Bill Text | |
626 | 752 | Amended Code | See Bill Text | |
627 | 351 | Amended Code | See Bill Text |
Florida State Sources
Type | Source |
---|---|
Summary | http://www.flsenate.gov/Session/Bill/2015/1307 |
Text | http://www.flsenate.gov/Session/Bill/2015/1307/BillText/Filed/PDF |