CS/HB 1433: Hurricane Mitigation Grants and Insurers' Regulations
GENERAL BILL by Insurance & Banking Subcommittee ; Benarroch ; (CO-INTRODUCERS) Cassel
Hurricane Mitigation Grants and Insurers' Regulations; Specifies that hurricane mitigation grants funded through My Safe Florida Home Program may be awarded only under certain circumstances; requires DFS to require that certain mitigation improvements be made as condition of reimbursing homeowner approved for grant; increases surpluses required for certain insurers applying for their original certificates of authority & maintaining their certificates of authority; specifies prohibitions for persons who were officers or directors of insolvent insurer, officers or directors of managing general agent of insolvent insurer, attorneys in fact of insolvent reciprocal insurer, or officers or directors of attorney in fact of insolvent reciprocal insurer; requires OIR to prohibit insurers or reciprocal insurers from paying any compensation to certain persons for certain violations until violations are remedied; requires that insurers' final decisions to deny claims or portions of claims be made by qualified human professionals.
Last Action: 4/21/2025 House - PCS added to Commerce Committee agenda
Bill Text: PDF
-
Bill History
Date Chamber Action 2/28/2025 House • Filed
3/4/2025 House • 1st Reading (Original Filed Version)
3/5/2025 House • Referred to Insurance & Banking Subcommittee
• Referred to Budget Committee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
4/8/2025 House • Added to Insurance & Banking Subcommittee agenda
4/10/2025 House • Favorable with CS by Insurance & Banking Subcommittee
• Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
4/11/2025 House • Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 1)
4/21/2025 House • PCS added to Commerce Committee agenda
-
CS/HB 1433, Committee Substitute 1 (Current Bill Version) Posted 4/10/2025 at 5:04 PM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1740 (c1) Insurance Ingoglia Similar Last Action: 3/19/2025 S CS by Banking and Insurance read 1st time 
H 1555 Insurers' Liabilities and Responsibilities Cassel Compare Last Action: 3/5/2025 H Now in Insurance & Banking Subcommittee
S 794 (c1) Mandatory Human Reviews of Insurance Claim Denials Bradley Compare Last Action: 3/26/2025 S CS by Banking and Insurance read 1st time
Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 215.5586 My Safe Florida Home Program. Page 3 (pdf) 624.407 Surplus required; new insurers. Page 15 (pdf) 624.4073 Officers and directors of insolvent insurers. Page 16 (pdf) 624.408 Surplus required; current insurers. Page 18 (pdf) 627.062 Rate standards. Page 20 (pdf) 627.4263 Page 23 (pdf) -
HB 1433, Original Filed Version Posted 2/28/2025 at 11:41 AM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 4/11/2025 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1740 (c1) Insurance Ingoglia Similar Last Action: 3/19/2025 S CS by Banking and Insurance read 1st time
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 192847 - Amendment
Between lines 456 and 457, insert:Benarroch 4/9/2025
5:41 PMAdopted without Objection
4/10/2025PDF Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 215.5586 My Safe Florida Home Program. Page 2 (pdf) 624.407 Surplus required; new insurers. Page 14 (pdf) 624.4073 Officers and directors of insolvent insurers. Page 15 (pdf) 624.408 Surplus required; current insurers. Page 17 (pdf)