summary
Introduced
12/30/2025
12/30/2025
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to the Citizens Property Insurance Corporation; amending s. 627.351, F.S.; prohibiting the corporation from issuing or renewing coverage for commercial residential and commercial nonresidential risks under certain circumstances; prohibiting the corporation from imposing a premium equalization adjustment under certain circumstances; providing applicability; specifying the components of the total cost of insurance coverage; specifying that certain adjustments expire at a specified time; amending s. 627.3518, F.S.; deleting an obsolete provision; defining terms; revising the definition of the term "program"; requiring the corporation to establish a personal lines clearinghouse for specified purposes; requiring, on or before a specified date, the corporation to implement a commercial lines clearinghouse for a specified purpose; authorizing the corporation to develop and implement a separate commercial lines clearinghouse for specified purposes; deleting obsolete provisions; revising the program's rights and responsibilities; revising the rights and responsibilities the corporation has in establishing the program; authorizing approved surplus lines clearinghouse insurers to participate in the hb943-01-c1 commercial lines clearinghouse; prohibiting such insurers from participating in the personal lines clearinghouse; specifying that participation in the program is not mandatory for such insurers; revising prohibitions and requirements for insurers making offers of coverage to new applicants or renewal policyholders through the program; providing construction; defining the term "effective commission percentage"; specifying that applicants for new commercial lines residential coverage are not eligible for coverage from the corporation under certain circumstances; specifying the circumstances under which policyholders of the corporation are not eligible for new commercial lines residential coverage from the corporation; authorizing applicants or insureds to elect to accept coverage with authorized insurers or elect to accept or continue coverage with the corporation under certain circumstances; authorizing insureds to elect to accept coverage with specified insurers or elect to accept or continue coverage with the corporation under certain circumstances; providing applicability; specifying that certain applicants and policyholders remain eligible for coverage from the corporation; authorizing such applicants and policyholders to elect hb943-01-c1 to accept coverage from clearinghouse insurers or elect to accept or continue coverage with the corporation; authorizing certain applicants and policyholders of the corporation to elect to accept coverage from clearinghouse insurers or elect to accept or continue coverage with the corporation; requiring such applicants or policyholders to pay a specified total cost of insurance for corporation coverage; providing applicability; revising the rights and authorizations for certain independent insurance agents; deleting a prohibition relating to commercial nonresidential policies; providing a directive to the Division of Law Revision; providing an effective date.
AI Summary
This bill modifies the operations of the Citizens Property Insurance Corporation, primarily by establishing and refining clearinghouse programs for both personal and commercial insurance lines. For commercial risks, it introduces conditions under which Citizens may not issue or renew coverage if a surplus lines insurer offers a comparable policy at a price not exceeding 20% more than Citizens' coverage, and it limits the use of premium equalization adjustments in such cases. The bill mandates the creation of a personal lines clearinghouse to help policyholders access offers from authorized insurers and a commercial lines clearinghouse, with a later deadline for a separate one, to facilitate offers from approved surplus lines clearinghouse insurers for commercial residential and nonresidential risks. It also defines terms like "approved surplus lines clearinghouse insurer" and "commercial lines clearinghouse administrator" and revises the rights and responsibilities of the corporation in establishing and operating these programs, including allowing approved surplus lines clearinghouse insurers to participate in the commercial clearinghouse but not the personal lines one. The bill also clarifies eligibility for coverage, outlines requirements for insurers making offers through the program, and revises provisions related to independent insurance agents and commission structures for surplus lines insurers.
Committee Categories
Business and Industry
Sponsors (3)
Other Sponsors (1)
Insurance & Banking Subcommittee (House)
Last Action
Favorable with CS by Commerce Committee (on 02/24/2026)
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/2026/943 |
| Analysis - Commerce Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/943/Analyses/h0943b.COM.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2026/943/BillText/c1/PDF |
| Analysis - Insurance & Banking Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/943/Analyses/h0943a.IBS.PDF |
| https://www.flsenate.gov/Session/Bill/2026/943/Amendment/005511/PDF | |
| Analysis - Insurance & Banking Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/943/Analyses/h0943.IBS.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2026/943/BillText/Filed/PDF |
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