Florida 2024 Regular Session Status: In Committee Bipartisan · 2 R · 1 D cosponsors

HB 893 — Coverage by the Citizens Property Insurance Corporation

Last action — Died in Commerce Committee

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Coverage by the Citizens Property Insurance Corporation; Revises types of policies that go to specified accounts of Citizens Property Insurance Corporation; revises requirements for areas that are eligible for certain personal residential & commercial residential & commercial nonresidential policy coverages by corporation; authorizes corporation to amend wind-eligible areas; authorizes corporation to consider certain factors in developing new eligibility criteria & rates for policies that provide wind-only coverage; provides that such rates are subject to specified provisions; requires corporation to review & submit to Legislature any recommendations to revise certain eligibility criteria for review & approval.

Bill Text

What changed in the latest version

89 added · 88 removed

89 line(s) added, 88 removed.

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 A bill to be entitled An act relating to coverage by the Citizens Property Insurance Corporation;
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 A bill to be entitled An act relating to coverage by the Citizens Property Insurance Corporation;
requiring such eligibility criteria and rates to be reported to the Legislature for review and approval;
requiring the corporation to review and submit to the Legislature any recommendations to revise certain eligibility criteria for review and approval;
requiring the Office of Insurance Regulation to implement eligibility criterial and rates under certain circumstances;
requiring the Office of Insurance Regulation to implement eligibility criteria under a specified circumstance;
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 Statutes, is renumbered as subsection (8), paragraph (b) of subsection (6) and present subsection (7) are amended, and a new subsection (7) is added to that section, to read:
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 Statutes, is renumbered as subsection (8), paragraph (b) of subsection (6) and present subsection (7) are amended, and a new subsection (7) is added to that section, to read:
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 (I) A personal lines account for personal residential policies issued by the corporation which provides comprehensive, multiperil coverage on risks that are not located in areas eligible for coverage by the Florida Windstorm Underwriting Association as those areas were defined on January 1, 2002, or included as eligible for coverage by the corporation and for policies that do not provide coverage for the peril of wind on risks that are located in such areas;
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 (I) A personal lines account for personal residential policies issued by the corporation which provides comprehensive, multiperil coverage on risks that are not located in areas eligible for coverage by the Florida Windstorm Underwriting Association as those areas were defined on January 1, 2002, or included as eligible for coverage by the corporation and for policies that do not provide coverage for the peril of wind on risks that are located in such areas;
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 coverage only for the peril of wind for risks located in areas eligible for coverage in the coastal account.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 coverage only for the peril of wind for risks located in areas eligible for coverage in the coastal account.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 policy with the corporation, and an ex-wind policy with a voluntary insurer or the corporation, and who obtains a multiperil policy from the corporation.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 policy with the corporation, and an ex-wind policy with a voluntary insurer or the corporation, and who obtains a multiperil policy from the corporation.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 corporation.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 corporation.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 accounts.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 accounts.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 recovered through emergency assessments under sub-subparagraph e.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 recovered through emergency assessments under sub-subparagraph e.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 paragraph (q) pursuant to sub-subparagraph a.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 paragraph (q) pursuant to sub-subparagraph a.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 direct written premium for subject lines of business and all accounts of the corporation, excluding National Flood Insurance Program policy premiums, as annually determined by the board and verified by the office.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 direct written premium for subject lines of business and all accounts of the corporation, excluding National Flood Insurance Program policy premiums, as annually determined by the board and verified by the office.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 amount of emergency assessments levied for an account in any calendar year may be less than but may not exceed the greater of 10 percent of the amount needed to cover the deficit, plus interest, fees, commissions, required reserves, and other costs associated with financing the original deficit, or 10 percent of the aggregate statewide direct written premium for subject lines of business and all accounts of the corporation for the prior year, plus interest, fees, commissions, required reserves, and other costs associated with financing the deficit.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 amount of emergency assessments levied for an account in any calendar year may be less than but may not exceed the greater of 10 percent of the amount needed to cover the deficit, plus interest, fees, commissions, required reserves, and other costs associated with financing the original deficit, or 10 percent of the aggregate statewide direct written premium for subject lines of business and all accounts of the corporation for the prior year, plus interest, fees, commissions, required reserves, and other costs associated with financing the deficit.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 assessments under sub-subparagraph e.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 assessments under sub-subparagraph e.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 "workers' compensation" includes both workers' compensation insurance and excess workers' compensation insurance.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 "workers' compensation" includes both workers' compensation insurance and excess workers' compensation insurance.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 issuance of a new policy by the corporation within the first 12 months after the date of the levy or the period of time necessary to fully collect the surcharge amount.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 issuance of a new policy by the corporation within the first 12 months after the date of the levy or the period of time necessary to fully collect the surcharge amount.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 Underwriting Association, as those areas were defined on January 1, 2002, and for policies that do not provide coverage for the peril of wind on risks that are located in such areas;
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 Underwriting Association, as those areas were defined on January 1, 2002, and for policies that do not provide coverage for the peril of wind on risks that are located in such areas;
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 to renew a commercial residential multiperil policy on a building that was insured by the corporation on June 30, 2014, under a multiperil policy.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 to renew a commercial residential multiperil policy on a building that was insured by the corporation on June 30, 2014, under a multiperil policy.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 provide coverage for the peril of wind on risks that are located in areas eligible for coverage by the Florida Windstorm Underwriting Association, as those areas were defined on January 1, 2002;
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 provide coverage for the peril of wind on risks that are located in areas eligible for coverage by the Florida Windstorm Underwriting Association, as those areas were defined on January 1, 2002;
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 (II) The surcharge is payable upon cancellation or termination of the policy, upon renewal of the policy, or upon issuance of a new policy by the corporation within the first 12 months after the date of the levy or the period of time necessary to fully collect the surcharge amount.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 (II) The surcharge is payable upon cancellation or termination of the policy, upon renewal of the policy, or upon issuance of a new policy by the corporation within the first 12 months after the date of the levy or the period of time necessary to fully collect the surcharge amount.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 policy premiums, as annually determined by the board and verified by the office.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 policy premiums, as annually determined by the board and verified by the office.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 of, 10 percent of the amount needed to cover the deficit, plus interest, fees, commissions, required reserves, and other costs associated with financing the original deficit or 10 percent of the aggregate statewide direct written premium for subject lines of business and the Citizens accounts for the prior year, plus interest, fees, commissions, required reserves, and other costs associated with financing the deficit.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 of, 10 percent of the amount needed to cover the deficit, plus interest, fees, commissions, required reserves, and other costs associated with financing the original deficit or 10 percent of the aggregate statewide direct written premium for subject lines of business and the Citizens accounts for the prior year, plus interest, fees, commissions, required reserves, and other costs associated with financing the deficit.
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 fees, or commissions;
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 fees, or commissions;
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 determine the aggregate statewide written premium in subject lines of business procured by assessable insureds and report that information to the corporation in a form and at a time the corporation specifies to ensure that the corporation can meet the requirements of this subsection and the corporation's financing obligations.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 determine the aggregate statewide written premium in subject lines of business procured by assessable insureds and report that information to the corporation in a form and at a time the corporation specifies to ensure that the corporation can meet the requirements of this subsection and the corporation's financing obligations.
(7) DEVELOPMENT AND MODIFICATION OF WIND-ELIGIBLE AREAS.— (a) The Citizens Property Insurance Corporation may amend the wind-eligible areas, subject to approval by the Legislature Page 22 of24 CODING:
(7) DEVELOPMENT AND MODIFICATION OF WIND-ELIGIBLE AREAS.— (a) The Citizens Property Insurance Corporation may amend the wind-eligible areas, subject to approval by the office under Page 22 of24 CODING:
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 under paragraph (c), by developing new eligibility criteria and rates for policies that provide wind-only coverage.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 paragraph (b) and the Legislature under paragraph (c), by developing new eligibility criteria and rates for policies that provide wind-only coverage.
(c) By December 1 of each year, beginning in 2025, the corporation shall submit to the Legislature the eligibility criteria and rates developed under paragraph (a) for review and approval.
(c) By December 1 of every fifth year, beginning in 2030, the corporation shall review and submit to the Legislature any recommendations to revise the eligibility criteria developed under paragraph (a) for review and approval.
The office shall implement the eligibility criteria and rates only upon approval by the Legislature.
The office shall implement the eligibility criteria only upon approval by the Legislature.
215.555 and 627.311, the term "collateral protection insurance" means commercial Page 23 of24 CODING:
215.555 and 627.311, Page 23 of24 CODING:
hb0893-00 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S HB893 2024 property insurance of which a creditor is the primary beneficiary and policyholder and which protects or covers an interest of the creditor arising out of a credit transaction secured by real or personal property.
hb0893-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB893 2024 the term "collateral protection insurance" means commercial property insurance of which a creditor is the primary beneficiary and policyholder and which protects or covers an interest of the creditor arising out of a credit transaction secured by real or personal property.
hb0893-00
hb0893-01-c1
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Action History

  1. Died in Commerce Committee

  2. 1st Reading (Committee Substitute 1)

  3. Now in Commerce Committee

  4. Referred to Commerce Committee

  5. CS Filed

  6. Laid on Table under Rule 7.18(a)

  7. Reported out of Insurance & Banking Subcommittee

  8. Favorable with CS by Insurance & Banking Subcommittee

  9. Added to Insurance & Banking Subcommittee agenda

  10. 1st Reading (Original Filed Version)

  11. Now in Insurance & Banking Subcommittee

  12. Referred to Commerce Committee

  13. Referred to Insurance & Banking Subcommittee

  14. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 2 co-sponsors · 160 not signed on

Sponsors (2)

Co-sponsors (2)

Not signed on (160)

160 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Favorable With Committee Substitute (Insurance & Banking Subcommittee)

Passed 16 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 4001
Republican 8003
Democrat 4000
Total 16004
% of votes cast 80%0%0%20%
How each member voted (20)
Member Party Vote
Stevenson — Yea
Benjamin — Yea
Keen — Yea
Rudman — Not Voting
Temple — Yea
Franklin II, Gallop Democrat Yea
Hunschofsky, Christine Democrat Yea
Tant, Allison Democrat Yea
Woodson, Marie Paule Democrat Yea
Abbott, Shane G. Republican Yea
Anderson, Adam Republican Not Voting
Borrero, David Republican Yea
Botana, Adam Republican Yea
Canady, Jennifer Republican Yea
Duggan, Wyman Republican Yea
Fabricio, Tom Republican Not Voting
Griffitts Jr., Philip Wayne "Griff" Republican Yea
Plakon, Rachel Saunders Republican Yea
Steele, Kevin M. Republican Yea
Tramont, Chase Republican Not Voting

Official roll call →

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 893 do?
Coverage by the Citizens Property Insurance Corporation; Revises types of policies that go to specified accounts of Citizens Property Insurance Corporation; revises requirements for areas that are eligible for certain personal residential & commercial residential & commercial nonresidential policy coverages by corporation; authorizes corporation to amend wind-eligible areas; authorizes corporation to consider certain factors in developing new eligibility criteria & rates for policies that provide wind-only coverage; provides that such rates are subject to specified provisions; requires corporation to review & submit to Legislature any recommendations to revise certain eligibility criteria for review & approval.
Who sponsors HB 893?
HB 893 is sponsored by Eskamani, Dr. Anna V. (Democrat), LaMarca, Chip (Republican), Insurance & Banking Subcommittee, and Lopez, Vicki L. (Republican).
What is the current status of HB 893?
This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 893?
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