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Bill > S1494


FL S1494

FL S1494
Insurance Coverage for Condominium Unit Owners


summary

Introduced
01/07/2020
In Committee
01/13/2020
Crossed Over
Passed
Dead
03/14/2020

Introduced Session

2020 Regular Session

Bill Summary

Prohibiting residential property insurance policies of condominium unit owners from providing rights of subrogation against condominium associations under certain circumstances, etc.

AI Summary

This bill prohibits residential property insurance policies of condominium unit owners from providing rights of subrogation (the right of an insurer to pursue a third party that caused an insurance loss to the insured) against condominium associations under certain circumstances, specifically if the condominium association's insurance policy does not provide rights of subrogation against the unit owners. The bill also sets an effective date of July 1, 2020.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Died in Banking and Insurance (on 03/14/2020)

bill text


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