Loading chat...
FL S1630
Bill
Status
1/8/2016
Primary Sponsor
Ethics and Elections
Click for details
AI Summary
-
Consumer representatives appointed by the Governor to the Citizens Property Insurance Corporation board of governors may practice in professions required or permitted by law, under an exemption to conflict of interest provisions in s. 112.313(7)(b)
-
Licensed agents of the corporation must maintain an appointment with an insurer that is authorized and actively writing or renewing residential or commercial property coverage in Florida throughout their appointment with the corporation
-
The corporation may use the public hurricane loss-projection model in combination with private model results to calculate windstorm rates, rather than using the public model as a minimum benchmark
-
Underwriting and claims file information (name, address, risk location, rating information, loss history, policy type) may be released to entities seeking authorization as insurers, reinsurers, reinsurance brokers, rating organizations, and modeling companies for purposes of developing take-out or rating plans, but agents may not use such information for direct policyholder solicitation
-
The corporation's take-out program must be revised by January 1, 2017 to schedule up to 6 annual cycles for insurers to submit policy take-out requests, maintain lists of offering insurers for agents of record, and provide policyholders written notice of their options including premium comparisons and coverage differences
Legislative Description
Operations of the Citizens Property Insurance Corporation
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 931 (Ch. 2016-229)
3/8/2016