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FL S1542
Bill
AI Summary
- Amends Florida Statutes section 655.946 regarding single interest insurance placed by financial institutions
- Requires premiums for property insurance coverage obtained under this section to be regulated by the Office of Insurance Regulation
- Caps premiums at 150 percent of the rate authorized by the Office of Insurance Regulation for comparable coverage
- Takes effect July 1, 2015
Legislative Description
Insurance
Last Action
Died in Banking and Insurance
5/1/2015
Committee Referrals
Banking and Insurance3/3/2015
Full Bill Text
No bill text available