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FL H7181

Bill

Official Source

Status

Introduced

3/25/2011

Primary Sponsor

Bryan Nelson

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals subsection (1)(b) of section 627.0629, F.S., which required the Office of Insurance Regulation to develop a method correlating hurricane mitigation discounts to the uniform home grading scale by February 1, 2011
  • Removes the requirement that the Financial Services Commission adopt rules by October 1, 2011, mandating insurers revise mitigation discounts to correlate directly to the uniform home grading scale
  • Eliminates the provision requiring mitigation discounts established under the uniform home grading scale method to supersede previous mitigation discounts
  • Retains the original statutory requirement in subsection (1)(a) that insurers provide actuarially reasonable discounts and credits for windstorm mitigation measures
  • Effective date: July 1, 2011

Legislative Description

Uniform Home Grading Scale

Last Action

Indefinitely postponed and withdrawn from consideration

5/7/2011

Committee Referrals

Economic Affairs3/28/2011

Full Bill Text

No bill text available