summary
Introduced
12/18/2023
12/18/2023
In Committee
01/05/2024
01/05/2024
Crossed Over
Passed
Dead
01/09/2024
01/09/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to a study on motor vehicle insurance rates determination by zip codes; requiring the Department of Financial Services to contract with a Florida public university to conduct motor vehicle insurance rates as determined by zip codes; providing the study's goal; providing reporting requirements; providing an effective date.
AI Summary
This bill requires the Department of Financial Services to contract with a Florida public university to conduct a study on motor vehicle insurance rates as determined by zip codes, particularly in municipalities with small populations that are part of a metropolitan area. The goal of the study is to determine whether splitting such municipalities from the metropolitan area and establishing a new zip code will lower the municipalities' insurance rates. The department must submit a report of the findings to the Governor, the President of the Senate, and the Speaker of the House of Representatives by July 1, 2025, and the bill takes effect on July 1, 2024.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Withdrawn prior to introduction (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/921 |
| BillText | https://www.flsenate.gov/Session/Bill/2024/921/BillText/Filed/PDF |
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