Bill > H1089

This bill, concerning the Citizens Property Insurance Corporation (CPIC), a government entity providing property insurance when private insurers are unable or unwilling to, makes several key changes. It extends the date after which certain structures are ineligible for CPIC coverage, specifically by adding a provision that effective July 1, 2014, condominiums will be considered ineligible for wind-only coverage if 50% or more of their units are rented for periods less than 30 days more than eight times annually. The bill also amends existing language related to eligibility for structures in wind-borne debris regions and those seaward of coastal construction control lines or within the Coastal Barrier Resources System, with the latter change impacting structures for which permits are applied on or after July 1, 2015.