Bill > H0879

Introduced Session

Adds projected flood losses to factors that must be considered by OIR in reviewing certain rate filings; requires Florida Commission on Hurricane Loss Projection Methodology to adopt standards & guidelines relating to personal lines residential flood loss by certain date; authorizes certain insurers to offer flood insurance in this state; provides standard & preferred coverage requirements; provides standard, preferred, & customized coverage requirements; authorizes supplemental flood insurance; provides supplemental flood insurance requirements; defines "flood"; requires that certain limitations be noted on policy declarations or face page; provides insurer with rate options; authorizes surplus lines agent to export contract or endorsement for flood coverage to surplus lines insurer without meeting certain requirements; requires insurer to notify office before writing flood insurance & to file plan of operation with office; provides an exception; prohibits Citizens Property Insurance Corporation from providing flood insurance; prohibits Florida Hurricane Catastrophe Fund from reimbursing losses caused by flooding; requires certain agents to obtain an acknowledgment of certain disclosures signed by applicant.

Committee Categories

Ed Hooper (R)*,  Larry Ahern (R),  Dwight Dudley (D),  Joseph Gibbons (D),  Debbie Mayfield (R),  Kathleen Peters (R),  Hazelle Rogers (D),  Charles Van Zant (R),  Carl Zimmermann (D), 

Other Sponsors (2)

Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 542 (Ch. 2014-80), SB 1262 (Ch. 2014-98) (on 04/25/2014)

Official Document