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FL H1055
Bill
Status
Failed
3/8/2024
Primary Sponsor
Robin Bartleman
Click for details
AI Summary
- Creates the Insurance Rebate Program for Low-Income Seniors within the Department of Financial Services to provide relief on rising property insurance costs
- Eligibility requires applicants to be Florida residents, age 65 or older, with income at or below 200% of the federal poverty level
- Rebate equals 10% of the amount paid in property insurance for a primary residence, including proportionate shares paid by condominium residents over the preceding 12 months
- Applications must be submitted by June 30 of the year following payment, and the department must issue payment by check or direct deposit within 30 days of verifying a completed application
- Funded for the 2024-2025 fiscal year from unallocated general revenue, subject to appropriation, with an effective date of July 1, 2024
Legislative Description
Property Insurance Rebate Program for Low-income Seniors
Last Action
Died in Insurance & Banking Subcommittee
3/8/2024
Committee Referrals
Insurance And Banking Subcommittee1/9/2024
Full Bill Text
No bill text available