FPCA Member Feedback Requested: Omnibus Property Insurance Bill On Senate Special Order Calendar; Six Amendments Filed
Apr 22, 2009
Senate Bill 1950, also known as the Senate Omnibus Property Insurance Package, is on the Senate Special Order Calendar to be heard today, April 22, 2009. The Senate is scheduled to convene from 10 a.m. to Noon, and again from 1:30 p.m. to 4:30 p.m.
Since the April 17 Senate Policy and Steering Committee on Ways and Means approval of CS/CS/SB 1950 by a vote of 10-9, six amendments have been filed to the bill.
FPCA Member feedback is requested on these amendments, which can be viewed by clicking on the corresponding hyperlinks below.
| S 1950c2 | 175584 | Filed 04/21/2009 | Web Page | PDF | |
| S 1950c2 | 196364 | Filed 04/22/2009 | Web Page | PDF | |
| S 1950c2 | 451344 | Filed 04/21/2009 | Web Page | PDF | |
| S 1950c2 | 635146 | Filed 04/21/2009 | Web Page | PDF | |
| S 1950c2 | 683296 | Filed 04/21/2009 | Web Page | PDF | |
| S 1950c2 | 938902 | Filed 04/22/2009 | Web Page | PDF |
SB 1950, the Senate Omnibus Property Insurance bill, is the companion legislation to House Bill 1495. Both provide a “glide path” to increase Citizens Property Insurance Corporation rates to actuarial soundness, with a 10 percent average statewide increase per-year cap. HB 1495 sets the cap at 20 percent. The bills also provide that 10 percent of the newly-generated revenue must be allocated to My Safe Florida Home mitigation grants.
- Please forward all comments to Katie Webb at kwebb@cftlaw.com at the earliest possible convenience.
For additional information on Florida’s legislative process and terminology, click here.
Should you have any questions or comments, please contact Colodny Fass.
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