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  • Introduced
    May 20, 2022
  • Passed House
  • Passed Senate
  • Signed into Law
HB 1
Florida House Bill
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Property Insurance; Creates Reinsurance to Assist Policyholders program to be administered by SBA; requires board & property insurers to enter into contracts to provide certain insurance reimbursement; prohibits premiums from being charged for participation in program; provides program does not affect claims-paying capacity of CAT Fund; requires certain property insurers to reduce rates to reflect certain cost savings through rate filings; revises homeowner eligibility criteria for mitigation grants; provides requirements for claimants to prevail in certain claims for damages; limits transfer, assignment, or acquisition of rights to attorney fees in certain property insurance suits; authorizes insurers to include separate roof deductibles; creates property insurer stability unit within office for specified purpose; specifies events that trigger referrals to unit. APPROPRIATION: $150,000,000
Last Action See all actions
House • May 25, 2022: Laid on Table
Latest Bill Text See all bill texts
Companion Bills
Property Insurance; Creating the Reinsurance to Assist Policyholders program to be administered by the State Board of Administration; requiring certain property insurers to obtain coverage under the program; revising homeowner eligibility criteria for mitigation grants; requiring claimants to establish that property insurers have breached the insurance contract to prevail in certain claims for dam...
Insurance; Revises calculation of amount of losses below which insurer is not entitled to reimbursement from FHCF for certain contract years; requires formula for determining actuarially indicated premiums to include cash build-up factor in certain contract years; authorizes insurers to file certain insurance rating plans based on certain windstorm mitigation construction standards under certain c...
Homeowners' Insurance Policies; Provides requirement for property insurers before insurers may require certain property replacements as condition of issuance or renewal of homeowners' insurance policies; prohibits property insurers from refusing to issue or renew policies unless specified requirements are met.

Summary/Bill Text

Sponsors
Actions
  • May 25, 2022 | House
    • Laid on Table
  • May 24, 2022 | House
    • Favorable with CS by Appropriations Committee
    • Reported out of Appropriations Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    • Bill released to Rules Committee
    • 1st Reading (Original Filed Version)
    • 1st Reading (Committee Substitute 1)
  • May 23, 2022 | House
    • Referred to Appropriations Committee
    • Now in Appropriations Committee
    • Added to Appropriations Committee agenda
  • May 20, 2022 | House
    • Filed