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FL S0348
Bill
AI Summary
- Creates the Insurance Rebate Program for Low-Income Seniors within the Florida Department of Financial Services to provide relief on rising homeowners' insurance costs
- Eligibility requires applicants to be Florida residents, aged 65 or older, with income at or below 200% of the federal poverty level
- Eligible persons must apply by June 30 of the year following their homeowners' insurance payment, providing documentation of payment and proof of primary residence
- Rebate amount equals 10% of the homeowners' insurance premium paid, disbursed by check or direct deposit within 30 days of a verified, completed application
- Program funding for the 2024-2025 fiscal year is subject to appropriation from unallocated general revenue, with an effective date of July 1, 2024
Legislative Description
Insurance Rebate Program for Low-Income Seniors
Last Action
Died in Banking and Insurance
3/8/2024
Full Bill Text
No bill text available