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CS/HB 625: Property Insurance Coverage

GENERAL BILL by Insurance & Banking Subcommittee ; Buchanan ; (CO-INTRODUCERS) Hunschofsky ; Lopez, V.

Property Insurance Coverage; Provides that rates charged for certain commercial lines residential condominium wind-only policies by Citizens Property Insurance Corporation are not subject to specified rate increases; requires authorized inspectors to use specified inspection form for inspections of residential structure & commercial structure roofs.

Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died in Commerce Committee
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    11/21/2023 House • Filed
    11/30/2023 House • Referred to Insurance & Banking Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    1/9/2024 House • 1st Reading (Original Filed Version)
    1/16/2024 House • Added to Insurance & Banking Subcommittee agenda
    1/18/2024 House • Favorable with CS by Insurance & Banking Subcommittee
    1/19/2024 House • Reported out of Insurance & Banking Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    1/22/2024 House • Referred to Commerce Committee
    • Now in Commerce Committee
    • 1st Reading (Committee Substitute 1)
    3/8/2024 House • Died in Commerce Committee

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  • CS/HB 625, Committee Substitute 1 (Current Bill Version) Posted 1/19/2024 at 12:28 PM

    Bill Text:   PDF
    Analyses:   None

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 2 (pdf)
    627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 11 (pdf)
    627.70143 Page 11 (pdf)
    627.714 Residential condominium unit owner coverage; loss assessment coverage required. Page 12 (pdf)

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  • HB 625, Original Filed Version Posted 11/21/2023 at 10:08 AM

    Bill Text:   PDF
    Analyses:   Insurance & Banking Subcommittee (Post-Meeting) 1/19/2024 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    389933 - Amendment
    Remove lines 155-178 and insert:
    Buchanan 1/17/2024
    6:18 PM
    Adopted without Objection
    1/18/2024
    PDF

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.351 Insurance risk apportionment plans. Page 1 (pdf)
    627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage. Page 7 (pdf)
    627.714 Residential condominium unit owner coverage; loss assessment coverage required. Page 8 (pdf)

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