FL H0107

Requires Citizens Property Insurance Corporation to file recommended rates with the Office of Insurance Regulation at least annually, with the office issuing a final rate order within 45 days.

Applies the 10 percent annual rate increase cap to both new and renewal policies, except for sinkhole coverage, excluding coverage changes and surcharges.

Establishes that the corporation must impose and collect premium tax amounts equal to section 624.509 to augment its financial resources.

Deletes obsolete provisions related to 2007 rate filings and rescissions, and renumbers existing rate filing requirements for clarity.

Takes effect upon becoming law.