Bill Summary
HB 879 Flood Insurance (2014 Session)
Hooper Co Sponsors: Dudley, Gibbons, Mayfield, Peters, Rogers, Van Zant, Zimmermann, Ahern CS Sponsors: Regulatory Affairs Committee, Insurance & Banking Subcommittee
Flood Insurance: Adds projected flood losses to factors that must be considered by OIR in reviewing certain rate filings; requires Florida Commission on Hurricane Loss Projection Methodology to adopt standards & guidelines relating to personal lines residential flood loss by certain date; authorizes certain insurers to offer flood insurance in this state; provides standard & preferred coverage requirements; provides preferred coverage requirements; defines "flood"; requires that certain limitations be noted on policy declarations or face page; provides insurer with rate options; authorizes surplus lines agent to export contract or endorsement for flood coverage to surplus lines insurer without meeting certain requirements; requires insurer to notify office before writing flood insurance & to file plan of operation with office; provides an exception; prohibits Citizens Property Insurance Corporation from providing flood insurance; prohibits Florida Hurricane Catastrophe Fund from reimbursing losses caused by flooding; requires certain agents to obtain an acknowledgment of certain disclosures signed by applicant. Effective Date: upon becoming a law
02/11/14
HOUSE
Filed
02/20/14
HOUSE
Referred to Insurance & Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee
02/20/14
HOUSE
Now in Insurance & Banking Subcommittee
03/03/14
HOUSE
On Committee agenda - Insurance & Banking Subcommittee, 03/05/14, 3:30 pm, 404 H - PCS
03/05/14
HOUSE
Favorable with CS by Insurance & Banking Subcommittee; 13 Yeas, 0 Nays
03/10/14
HOUSE
Committee Substitute Text (C1) Filed
03/13/14
HOUSE
Now in Government Operations Appropriations Subcommittee
03/20/14
HOUSE
On Committee agenda - Government Operations Appropriations Subcommittee, 03/24/14, 3:00 pm, 17 H
03/24/14
HOUSE
Favorable by Government Operations Appropriations Subcommittee; 12 Yeas, 0 Nays
03/24/14
HOUSE
Now in Regulatory Affairs Committee
04/08/14
HOUSE
On Committee agenda - Regulatory Affairs Committee, 04/10/14, 8:00 am, 404 H
04/10/14
HOUSE
Favorable with CS by Regulatory Affairs Committee; 15 Yeas, 0 Nays
04/14/14
HOUSE
Committee Substitute Text (C2) Filed
04/16/14
HOUSE
Placed on Calendar, on 2nd reading
04/23/14
HOUSE
Placed on Special Order Calendar, 04/25/14
04/25/14
HOUSE
Read Second Time; Substituted for SB 0542; Laid on Table, Refer to SB 0542
627.062
627.0628
627.715
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