FL S1292

Treats an insurer's projected payout from the Florida Hurricane Catastrophe Fund as coverage amount for regulatory and reinsurance purposes if calculated using specified fund capacity factors.

Removes time limitation on 10 percent fee cap for public adjusters handling claims from state-declared emergencies, making the reduced fee apply indefinitely rather than just for one year.

Allows insurers to use weighted averages of hurricane loss projection models in rate filings, not just straight averages, when models are approved by the Florida Commission on Hurricane Loss Projection Methodology.

Exempts personal lines residential structures with dwelling replacement cost under $900,000 and single condominium units with combined replacement cost under $900,000 from the 10 percent annual rate increase cap for Citizens Property Insurance Corporation.

Modifies Citizens Property Insurance Corporation eligibility by making renewal applicants ineligible if private market offers exceed 5 percent of the corporation's renewal premium, and allows them to remain eligible if the private market premium exceeds that threshold.