summary
Introduced
12/06/2024
12/06/2024
In Committee
01/06/2025
01/06/2025
Crossed Over
Passed
Dead
02/28/2025
02/28/2025
Introduced Session
2025 Regular Session
Bill Summary
An act relating to windstorm coverage by Citizens Property Insurance Corporation; amending s. 627.351, F.S.; removing provisions relating to windstorm risk apportionment plan agreements among property insurers; revising legislative findings; revising the purpose of the Citizens Property Insurance Corporation; requiring the corporation to make windstorm coverage available to homeowners for any residential structures; providing requirements for the windstorm coverage; providing construction; removing obsolete language; authorizing homeowners to obtain windstorm coverage from certain insurance agents; providing underwriting and administering requirements for the windstorm coverage portion of insurance; providing administrative fees; providing requirements for claims settlement payments; removing obsolete dates; requiring the corporation to make windstorm coverage available for commercial lines residential structures; providing requirements for the windstorm coverage; providing construction; revising requirements for the corporation's plan of operation; removing certain definitions; revising certain statements obtained by agents from applicants for coverage from the corporation; providing definitions; amending s. hb13-00 HB 13 215.555, F.S.; removing obsolete language; conforming a cross-reference; conforming a provision to changes made by the act; amending ss. 215.5595, 624.805, 627.062, 627.0628, 627.06281, 627.0629, 627.4025, 627.701, 627.7018, 627.711, 627.712, 627.713, 631.54, 718.111, 719.104, and 720.303, F.S.; conforming provisions to changes made by the act; amending ss. 395.1061, 458.320, 459.0085, 464.0123, 624.424, 624.462, 625.317, and 627.0655, F.S.; conforming cross-references; amending s. 627.3511, F.S.; conforming cross-references; conforming provisions to changes made by the act; amending ss. 627.3512, 627.3513, 627.3515, 627.3517, and 627.3518, F.S.; conforming cross-references; amending s. 627.4133, F.S.; conforming a cross-reference; conforming a provision to changes made by the act; amending ss. 627.945 and 628.6017, F.S.; conforming cross- references; providing an effective date.
AI Summary
This bill makes significant changes to windstorm coverage and Citizens Property Insurance Corporation's operations. The bill requires Citizens Property Insurance Corporation to make windstorm coverage available to homeowners for any residential structures starting July 1, 2025, including mobile homes and condominiums. Homeowners can obtain windstorm coverage quotes from insurance agents, with the windstorm portion underwritten by Citizens and potentially administered by the homeowner's chosen property and casualty insurer. The corporation will pool windstorm premiums and use them to settle windstorm claims.
The bill also modifies several aspects of property insurance regulations, including requirements for hurricane loss projection models, mitigation discounts, deductibles, and reporting requirements for insurers. It updates definitions related to hurricane and windstorm coverage, and makes technical changes to various sections of Florida statutes to conform with the new windstorm coverage provisions.
Key changes include allowing homeowners more flexibility in obtaining windstorm coverage, establishing new procedures for claims settlement, and ensuring that Citizens Property Insurance Corporation continues to provide an important insurance option for Florida residents. The bill aims to improve the availability and affordability of windstorm insurance while maintaining consumer protections and market stability. The changes will take effect on July 1, 2025, giving insurers and the corporation time to prepare for the new requirements.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Withdrawn prior to introduction (on 02/28/2025)
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/2025/13 |
| BillText | https://www.flsenate.gov/Session/Bill/2025/13/BillText/Filed/PDF |
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