HB 1127: Citizens Property Insurance Corporation
GENERAL BILL by Albritton ; (CO-INTRODUCERS) Weinstein
Citizens Property Insurance Corporation; Reduces to 2 percent from 6 percent amount of projected deficit in coastal account for prior calendar year which is recovered through regular assessments; requires that remaining projected deficits in personal & commercial lines accounts be recovered through emergency assessments after accounting for Citizens policyholder surcharge; requires OIR of FSC to notify assessable insurers & Florida Surplus Lines Service Office of dates assessable insurers shall collect & pay emergency assessments; removes reference to recoupment of residual market deficit assessments; requires board of governors to make determination that account has projected deficit before it levies Citizens policyholder surcharge; requires limited apportionment company begin collecting regular assessments within 90 days & pay in full within 15 months after assessment is levied; authorizes OIR to assist Citizens Property Insurance Corporation in collection of assessments; replaces term "market equalization surcharge" with term "policyholder surcharge."
Last Action: 4/8/2012 - Chapter No. 2012-80
Location: Became Law
Bill Text: PDF
• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 110
• Introduced -HJ 110
• On Committee agenda-- Insurance and Banking Subcommittee, 01/17/12, 3:30 pm, 404 HOB --Workshopped
• On Committee agenda-- Insurance and Banking Subcommittee, 01/24/12, 2:00 pm, 404 HOB
• Favorable by Insurance and Banking Subcommittee; YEAS 11 NAYS 2 -HJ 284
• Now in Government Operations Appropriations Subcommittee -HJ 284
• On Committee agenda-- Government Operations Appropriations Subcommittee, 01/31/12, 3:30 pm, Morris Hall
• Favorable by Government Operations Appropriations Subcommittee; YEAS 12 NAYS 0 -HJ 323
• Now in Economic Affairs Committee -HJ 323
• On Committee agenda-- Economic Affairs Committee, 02/08/12, 8:00 am, Reed Hall
• Favorable by- Economic Affairs Committee; YEAS 9 NAYS 5 -HJ 573
• Placed on Calendar -HJ 573
• Placed on Special Order Calendar, 02/22/12
• Read 2nd time -HJ 730
• Placed on 3rd reading
• Read 3rd time -HJ 780
• Passed; YEAS 89 NAYS 25 -HJ 781
• In Messages
• Received -SJ 827
• Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 827
• Withdrawn from Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 1671
• Placed on Calendar, on 2nd reading -SJ 1671
• Substituted for CS/SB 1346 -SJ 1671
• Read 2nd time -SJ 1671
• Read 3rd time -SJ 1671
• Passed; YEAS 38 NAYS 0 -SJ 1671
• Ordered enrolled -HJ 1715
• Signed by Officers and presented to Governor
• Approved by Governor
• Chapter No. 2012-80
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