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SB 724: Citizens Property Insurance Corporation

GENERAL BILL by Brandes

Citizens Property Insurance Corporation; Amending provisions relating to the exchange of business between an agent and insurer; revising requirements relating to quota share primary insurance agreements; requiring the corporation and authorized insurers to enter into excess of loss reinsurance agreements and quota share reinsurance agreements in certain circumstances; providing that if the corporation is the reinsurer, all forms and endorsements must be approved by the Office of Insurance Regulation; prohibiting the corporation from sharing risk for certain damages, etc.

Effective Date: 7/1/2013
Last Action: 5/3/2013 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)
Location: In committee/council (BI)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Governmental Oversight and Accountability (GO)
  3. Appropriations Subcommittee on General Government (AGG)
  4. Appropriations (AP)



Bill History

Date Chamber Action
2/8/2013 Senate • Filed
2/13/2013 Senate • Referred to Banking and Insurance; Governmental Oversight and Accountability; Appropriations Subcommittee on General Government; Appropriations -SJ 53
3/5/2013 Senate • Introduced -SJ 53
5/3/2013 Senate • Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60)