HB 947: Property Insurance
GENERAL BILL by Plakon
Property Insurance; Provides that an insurer's projected payout shall be treated as insurer's coverage amount; revises application of provisions relating to claims based on state of emergency; revises factors considered by OIR when reviewing rate filings; provides that an insurer is not prohibited from using specified averages for rate filings; deletes certain residential property insurance filing requirements; revises private market reinsurance criteria; exempts certain personal lines residential structures & single condominium units from annual rate increases; limits eligibility for coverage by corporation for personal lines risk.
Last Action: 4/28/2015 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 2/23/2015 House • Filed
3/3/2015 House • Introduced -HJ 79
• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 79
4/28/2015 House • Died in Insurance and Banking Subcommittee
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HB 947, Original Filed Version (Current Bill Version) Posted 2/23/2015 at 6:02 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1292 Property Insurance Bean Identical Last Action: 5/1/2015 S Died in Banking and Insurance
Location: In committee/council (BI)
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf) 626.854 “Public adjuster” defined; prohibitions. Page 3 (pdf) 627.062 Rate standards. Page 4 (pdf) 627.0628 Florida Commission on Hurricane Loss Projection Methodology; public records exemption; public meetings exemption. Page 6 (pdf) 627.0629 Residential property insurance; rate filings. Page 7 (pdf) 627.351 Insurance risk apportionment plans. Page 9 (pdf) 627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 11 (pdf)