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CS/CS/HB 1503: Citizens Property Insurance Corporation

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Esposito ; (CO-INTRODUCERS) Barnaby ; Snyder ; Truenow

Citizens Property Insurance Corporation; Revises circumstances under which certain insurers' association shall levy market equalization surcharges on policyholders; provides that certain accounts for Citizens Property Insurance Corporation revenues, assets, liability, losses, & expenses are now maintained as Citizens account; revises requirements for certain coverages by corporation; requires inclusion of quota share primary insurance in certain policies; specifies that certain provisions apply to personal lines residential risks that are primary residences and to personal lines residential risks that are not primary residences; provides that comparisons of comparable coverages under certain personal lines residential risks & commercial lines residential risks do not apply to policies that do not cover primary residences; provides that certain risks that could not be insured under standard policies are eligible for certain basic policies; revises corporation's plan of operation.

Effective Date: July 1, 2024 except as otherwise provided
Last Action: 5/13/2024 - Chapter No. 2024-179
Bill Text: PDF
Senate Committee References:
  1. Fiscal Policy (FP)



Bill History

Date Chamber Action
1/8/2024 House • Filed
1/9/2024 House • 1st Reading (Original Filed Version)
1/13/2024 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/30/2024 House • PCS added to Insurance & Banking Subcommittee agenda
2/1/2024 House • Favorable with CS by Insurance & Banking Subcommittee
2/4/2024 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/5/2024 House • Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 1)
2/20/2024 House • PCS added to Commerce Committee agenda
2/22/2024 House • Favorable with CS by Commerce Committee
2/26/2024 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• Bill added to Special Order Calendar (2/29/2024)
• 1st Reading (Committee Substitute 2)
2/29/2024 House • Read 2nd time
• Amendment 681737 adopted
• Placed on 3rd reading
• Added to Third Reading Calendar
3/1/2024 House • Read 3rd time
• CS passed as amended; YEAS 81, NAYS 28
3/1/2024 Senate • In Messages
• Referred to Fiscal Policy
• Received
3/6/2024 Senate • Withdrawn from Fiscal Policy -SJ 808
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1716 -SJ 808
• Read 2nd time -SJ 808
• Amendment(s) adopted (102780) -SJ 827
• Read 3rd time -SJ 827
• CS passed as amended; YEAS 40 NAYS 0 -SJ 827
3/6/2024 House • In Messages
3/7/2024 House • Added to Senate Message List
• Amendment 102780 Concur
• CS passed as amended; YEAS 113, NAYS 0
• Ordered engrossed, then enrolled
4/25/2024 • Signed by Officers and presented to Governor
5/10/2024 • Approved by Governor
5/13/2024 • Chapter No. 2024-179