Citizens Property Insurance Corporation

Summary

The bill stops Florida’s Citizens Property Insurance Corporation from writing new commercial residential or non‑residential policies unless a surplus‑lines insurer offering comparable coverage is no more than 15% higher in total cost. It creates personal and commercial clearinghouses to compare offers, share risk data, and set eligibility standards for participating insurers. The changes aim to push coverage to private market options and improve transparency.

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

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