FL S1622

Creates a clearinghouse diversion program within Citizens Property Insurance Corporation to identify and divert eligible applicants to private insurers before binding coverage with the corporation.

Requires all new applications and renewal policies be submitted to the clearinghouse, with private insurers given a 48-hour period to select applicants before the corporation can bind coverage.

Allows applicants who receive private insurance offers at or below the eligibility threshold, or within 15 percent above the corporation's renewal premium, to be deemed ineligible for corporation coverage.

Permits independent agents and exclusive agents to submit applications through the clearinghouse without requiring individual insurer appointments, and allows exclusive agents to work with approved alternative entities as an option to the clearinghouse.

Takes effect July 1, 2013.