Bill > S1428

This bill modifies the composition of the board of governors for the Citizens Property Insurance Corporation, a state-run insurer of last resort for property insurance. Specifically, it increases the board from eight to nine members, requiring two members to be residents of specific counties (Miami-Dade and Monroe) and designating one member, appointed by the Chief Financial Officer, to specifically serve as a consumer advocate. The Chief Financial Officer's appointment of this consumer advocate is in addition to other appointments they are authorized to make. The bill also mandates that the board operate under the supervision of these nine individuals, who are residents of Florida and represent different geographical areas, in addition to the consumer advocate.