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FL H1243
Bill
Status
Failed
3/11/2016
Primary Sponsor
Hazelle Rogers
Click for details
AI Summary
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Amends section 627.4133, Florida Statutes, by adding subsection (9) regarding Citizens Property Insurance Corporation policy effective dates.
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Prohibits Citizens Property Insurance Corporation from imposing a 30-day waiting period when the applicant has satisfied all conditions for policy issuance if prior insurance was a lender-placed policy obtained by a bank or mortgage servicer.
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Applies exemption only when the lender-placed insurance was effective for 45 days or longer and cancellation was not due to nonpayment of premium.
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Takes effect July 1, 2016.
Legislative Description
Property Insurance
Last Action
Died in Insurance and Banking Subcommittee
3/11/2016
Committee Referrals
Insurance And Banking Subcommittee1/15/2016
Full Bill Text
No bill text available