Citizens Property Insurance Corporation

Summary

The measure amends Florida statutes to require Citizens Property Insurance Corporation to impose a temporary “equalization adjustment” on certain commercial policies whenever an approved surplus‑lines clearinghouse insurer offers coverage that costs up to 20% more than the corporation’s price. It also defines the clearinghouse program, eligibility criteria for participating insurers, and procedural rules for the corporation and the clearinghouse administrator. The bill failed to pass and was laid on the table, while a companion Senate bill (SB 1028) was enacted.

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