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FL H1329

Bill

Status

Failed

5/3/2013

Primary Sponsor

Jose Oliva

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Deletes the provision limiting public adjuster compensation for Citizens Property Insurance Corporation claims, removing the 10 percent cap on fees charged for claim settlements.

  • Maintains existing statutory language regarding the public purpose of Citizens Property Insurance Corporation to provide affordable property insurance for Florida residents and businesses unable to obtain coverage in the voluntary market.

  • Preserves eligibility restrictions for high-value residential properties, including those with dwelling replacement costs of $2 million or more as of January 1, 2009.

  • Preserves wind-borne debris region restrictions for residential structures valued at $750,000 or more without required opening protections, effective January 1, 2009.

  • Takes effect July 1, 2013.

Legislative Description

Citizens Property Insurance Corporation

Last Action

Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)

5/3/2013

Committee Referrals

Insurance And Banking Subcommittee3/8/2013

Full Bill Text

No bill text available