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The Florida Senate

HB 947: Property Insurance


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.

Effective Date: upon becoming a law
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)

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