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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."

Effective Date: 7/1/2012
Last Action: 4/8/2012 - Chapter No. 2012-80
Location: Became Law
Bill Text: PDF



Bill History

Date Chamber Action
12/27/2011 House • Filed
1/9/2012 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Economic Affairs Committee -HJ 110
1/10/2012 House • Introduced -HJ 110
1/12/2012 House • On Committee agenda-- Insurance and Banking Subcommittee, 01/17/12, 3:30 pm, 404 HOB --Workshopped
1/20/2012 House • On Committee agenda-- Insurance and Banking Subcommittee, 01/24/12, 2:00 pm, 404 HOB
1/24/2012 House • Favorable by Insurance and Banking Subcommittee; YEAS 11 NAYS 2 -HJ 284
1/25/2012 House • Now in Government Operations Appropriations Subcommittee -HJ 284
1/27/2012 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 01/31/12, 3:30 pm, Morris Hall
1/31/2012 House • Favorable by Government Operations Appropriations Subcommittee; YEAS 12 NAYS 0 -HJ 323
2/1/2012 House • Now in Economic Affairs Committee -HJ 323
2/6/2012 House • On Committee agenda-- Economic Affairs Committee, 02/08/12, 8:00 am, Reed Hall
2/8/2012 House • Favorable by- Economic Affairs Committee; YEAS 9 NAYS 5 -HJ 573
2/9/2012 House • Placed on Calendar -HJ 573
2/20/2012 House • Placed on Special Order Calendar, 02/22/12
2/22/2012 House • Read 2nd time -HJ 730
• Placed on 3rd reading
2/23/2012 House • Read 3rd time -HJ 780
• Passed; YEAS 89 NAYS 25 -HJ 781
2/24/2012 Senate • In Messages
3/5/2012 Senate • Received -SJ 827
• Referred to Banking and Insurance; Budget Subcommittee on General Government Appropriations; Budget -SJ 827
3/9/2012 Senate • 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
3/9/2012 House • Ordered enrolled -HJ 1715
3/30/2012 • Signed by Officers and presented to Governor
4/6/2012 • Approved by Governor
4/8/2012 • Chapter No. 2012-80