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  • Introduced
    Dec 09, 2022
  • Passed House
  • Passed Senate
  • Signed into Law
HB 1
Florida House Bill
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Property Insurance; Creates Florida Optional Reinsurance Assistance program (FORA); authorizes eligible insurers to purchase reinsurance coverage under FORA; requires board to provide specified coverage layers; specifies requirements & procedures for appropriation of funds from General Revenue Fund to provide reimbursements under FORA; removes right to attorney fees for judgments or decrees against surplus lines insurers in suits arising under residential or commercial property insurance policies; revises eligibility requirements for renewing coverage with Citizens Property Insurance Corporation for personal lines residential & commercial lines residential risks; specifies burden of proof for corporation policyholders making claims for water damage; specifies conditions that must be met for property insurance policy to require mandatory binding arbitration; removes right to attorney fees payable by insurers in alternative procedure for resolution of disputed sinkhole insurance claims; prohibits policyholders from assigning post-loss insurance benefits under residential or commercial property insurance policies; provides appropriation. APPROPRIATION: $1,757,982
Last Action See all actions
House • Dec 14, 2022: Laid on Table
Latest Bill Text See all bill texts
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  • Dec 14, 2022 | House
    • Laid on Table
  • Dec 13, 2022 | House
    • Favorable by Commerce Committee
    • Reported out of Commerce Committee
    • Now in Appropriations Committee
    • Favorable by Appropriations Committee
    • Reported out of Appropriations Committee
    • Bill released to House Calendar
    • Added to Second Reading Calendar
  • Dec 12, 2022 | House
    • Added to Commerce Committee agenda
    • Added to Appropriations Committee agenda
    • 1st Reading (Original Filed Version)
  • Dec 09, 2022 | House
    • Filed
    • Referred to Commerce Committee
    • Referred to Appropriations Committee
    • Now in Commerce Committee
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