FL S1526

Creates the Emergency Residential Property Insurance Assistance Trust Fund within the Department of Financial Services to provide financial assistance to homeowners facing increased insurance rates who can demonstrate financial need or inability to pay.

Funds the trust fund with $500 million from state reserves.

Establishes eligibility for homeowners with total annual household income not exceeding $250,000 before taxes.

Designates the Department of Financial Services to administer the trust fund.

Schedules the trust fund for termination on July 1, 2027, unless terminated sooner, with required review before the scheduled termination date.