Property Insurance Interstate Compact

Summary

The bill would have the Florida Commissioner of Insurance Regulation begin a compact with at least 14 other states to create a national risk pool for property insurance covering natural disasters. It was intended to lower the financial burden on Florida residents when such events occur. The measure died in the Insurance & Banking Subcommittee and did not become law.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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