summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2013 Regular Session
Bill Summary
Provides that restrictions on annual rate increases apply to both new & renewal policies; deletes obsolete provisions.
AI Summary
This bill clarifies that restrictions on annual rate increases for the Citizens Property Insurance Corporation, a state-run insurer of last resort for property insurance, apply to both new policies and policy renewals, ensuring that the 10 percent annual rate increase limit (excluding sinkhole coverage) is consistently applied. It also removes outdated provisions related to specific past rate filings and their implementation, streamlining the process for future rate adjustments.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died in Insurance and Banking Subcommittee (on 05/03/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| Bill | http://www.flsenate.gov/Session/Bill/2013/107 |
| Bill | http://www.flsenate.gov/Session/Bill/2013/0107/BillText/Filed/PDF |
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