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FL H0275
Bill
Status
Introduced
10/28/2025
Primary Sponsor
Jose Alvarez
Click for details
AI Summary
- Removes annual rate increase caps (currently 12-15% depending on year) for new Citizens Property Insurance Corporation policies issued on or after June 1, 2026, and their subsequent renewals
- Allows the corporation to charge actuarially sound rates without the existing percentage limitations for these new policies
- Exempts primary residences in counties where the Office of Insurance Regulation determines there is not a reasonable degree of competition from this change
- Defines "primary residence" as a dwelling occupied by the policyholder or tenant for more than 9 months per year
- Takes effect immediately upon becoming law
Legislative Description
Rates for Citizens Property Insurance Corporation Coverage
Last Action
1st Reading (Original Filed Version)
1/13/2026
Committee Referrals
Insurance And Banking Subcommittee11/4/2025
Full Bill Text
No bill text available