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CS/CS/SB 1716: Citizens Property Insurance Corporation

GENERAL BILL by Fiscal Policy ; Banking and Insurance ; Boyd

Citizens Property Insurance Corporation; Revising a requirement for certain flood insurance; providing that certain structures located within certain zip codes are eligible for coverage from the corporation; providing that certain accounts for Citizens Property Insurance Corporation revenues, assets, liabilities, losses, and expenses are now maintained as the Citizens account; deleting provisions relating to surcharges and regular assessments upon determination of projected deficits; providing that certain personal lines residential risks are not eligible for any policy issued by the corporation, etc.

Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2024
 Last Action: 3/6/2024 Senate - Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    1/5/2024 Senate • Filed
    1/11/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
    • Introduced
    1/17/2024 Senate • On Committee agenda-- Banking and Insurance, 01/22/24, 4:00 pm, 412 Knott Building --Temporarily Postponed
    1/24/2024 Senate • On Committee agenda-- Banking and Insurance, 01/29/24, 1:30 pm, 412 Knott Building
    1/29/2024 Senate • CS by Banking and Insurance; YEAS 9 NAYS 0
    1/30/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Original reference(s) removed: Appropriations Committee on Agriculture, Environment, and General Government
    • Remaining references corrected to Fiscal Policy
    • Now in Fiscal Policy
    2/1/2024 Senate • CS by Banking and Insurance read 1st time
    2/12/2024 Senate • On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building --Temporarily Postponed
    2/22/2024 Senate • On Committee agenda-- Fiscal Policy, 02/27/24, 9:00 am, 412 Knott Building
    2/27/2024 Senate • CS/CS by- Fiscal Policy; YEAS 19 NAYS 0
    2/29/2024 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • CS/CS by Fiscal Policy read 1st time
    3/4/2024 Senate • Placed on Calendar, on 2nd reading
    • Placed on Special Order Calendar, 03/06/24
    3/6/2024 Senate • Read 2nd time -SJ 808
    • Substituted CS/CS/HB 1503 -SJ 808
    • Laid on Table, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) -SJ 808

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  • CS/CS/SB 1716, Committee Substitute 2 (Current Bill Version) Posted 2/29/2024 at 2:31 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (4)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1503 (er) Citizens Property Insurance Corporation Insurance & Banking Subcommittee Similar Last Action: 5/13/2024 Chapter No. 2024-179 Track This Bill
    H 565 Coverage by Citizens Property Insurance Corporation Mooney, Jr. Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) Track This Bill
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) Track This Bill
    S 604 Citizens Property Insurance Corporation Rodriguez Compare Last Action: 3/8/2024 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) Track This Bill

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 4 (pdf), Page 5 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 98 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 102 (pdf)

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  • CS/SB 1716, Committee Substitute 1 Posted 1/30/2024 at 11:23 AM

    Bill Text:   Web Page | PDF
    Analyses:   Fiscal Policy (Pre-Meeting) 2/26/2024 (pdf)
    Fiscal Policy (Post-Meeting) 2/29/2024 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1503 (c2) Citizens Property Insurance Corporation Insurance & Banking Subcommittee Similar Last Action: 5/13/2024 Chapter No. 2024-179 Track This Bill
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    443848 - Amendment
    Delete lines 708 - 2925 and insert:     		Fiscal Policy
    (Boyd)     		2/26/2024
    7:42 AM     		Replaced by Committee Substitute
    2/28/2024     		Web Page
    PDF
    302782 - Amendment
    Delete line 2949 and insert:     		Fiscal Policy
    (Rodriguez)     		2/26/2024
    5:45 PM     		Replaced by Committee Substitute
    2/28/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/27/2024 9:00 AM Fiscal Policy 19 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 95 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 99 (pdf)

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  • SB 1716, Original Filed Version Posted 1/5/2024 at 7:40 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/26/2024 (pdf)
    Banking and Insurance (Post-Meeting) 1/30/2024 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1503 Citizens Property Insurance Corporation Insurance & Banking Subcommittee Similar Last Action: 5/13/2024 Chapter No. 2024-179 Track This Bill
    H 1213 Windstorm Coverage by Citizens Property Insurance Corporation Roach, Cassel Compare Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee; companion bill(s) passed, see CS/CS/HB 1503 (Ch. 2024-179) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    975616 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Boyd)     		1/26/2024
    12:53 PM     		Replaced by Committee Substitute
    1/30/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/29/2024 1:30 PM Banking and Insurance 9 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 3 (pdf)
    627.3511 Depopulation of Citizens Property Insurance Corporation. Page 95 (pdf)
    627.3518 Citizens Property Insurance Corporation policyholder eligibility clearinghouse program. Page 99 (pdf)

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