FL S1028

Establishes a commercial lines clearinghouse program within Citizens Property Insurance Corporation by January 1, 2027, to divert commercial residential and nonresidential policyholders to private insurers, including surplus lines insurers

Prohibits Citizens from issuing new commercial coverage when an approved surplus lines insurer offers comparable coverage at a total cost no more than 15% higher than Citizens' cost, including all premiums, fees, taxes, and assessments

Requires surplus lines insurers participating in the clearinghouse to have an A.M. Best financial strength rating of "A-" or higher and a financial size category of A-VII or higher

Mandates that all new commercial lines applications first go through the authorized insurer clearinghouse for 5 business days before being submitted to the surplus lines clearinghouse

Requires surplus lines agents to pay producing agents a commission at least equal to the percentage Citizens paid as of January 1, 2026, with the remainder retained by the surplus lines agent