Bill > H0581

Introduced Session

Adds projected flood losses to factors that must be considered by OIR in reviewing certain rate filings; increases membership of Florida Commission on Hurricane Loss Projection Methodology; requires commission to adopt standards & guidelines relating to flood loss by certain date; authorizes insurers to offer flood insurance in this state; establishes minimum coverage requirements for such policies; provides coverage limitations that an insurer may include in such policies; requires that certain limitations be noted on policy declarations or face page; provides insurer with rate options; requires insurer to provide notice that flood insurance is available from National Flood Insurance Program; allows insurer to export contract or endorsement of certain amount to surplus lines insurer without meeting certain requirements; provides prior notice requirements for cancellation or nonrenewal of policy; requires insurer to notify office before writing flood insurance & to file plan of operation with office; provides preemption for any conflicts with other provisions of Florida Insurance Code; requires Commissioner of OIR to provide certification that condition qualifies for flood insurance or disaster assistance.

Committee Categories

Larry Ahern (R)*,  Heather Fitzenhagen (R)*,  Halsey Beshears (R),  Matthew Caldwell (R),  Neil Combee (R),  Dane Eagle (R),  Joseph Gibbons (D),  Bill Hager (R),  Gayle Harrell (R),  Charles Hood (R),  Amanda Murphy (D),  Keith Perry (R),  Kathleen Peters (R),  Ray Pilon (R),  Holly Raschein (R),  Michelle Rehwinkel Vasilinda (D),  Ray Rodrigues (R),  Hazelle Rogers (D),  Ross Spano (R),  Charles Van Zant (R),  Carl Zimmermann (D), 

Died in Insurance and Banking Subcommittee, companion bill(s) passed, see CS/CS/CS/SB 542 (Ch. 2014-80), SB 1262 (Ch. 2014-98) (on 05/02/2014)

Official Document