CS/HB 983 (2008) -  Windstorm Insurance Coverage

General Bill by Jobs & Entrepreneurship Council and Ross
Windstorm Insurance Coverage: Creates Florida Windstorm Insurance Program within Florida Hurricane Catastrophe Fund; provides program requirements for coverage, standards, & policy forms; provides for program administration by SBA; provides requirements for program participating insurers; provides contract requirements; provides for participating insurer compliance audits; specifies program powers & duties; provides claims & insurer costs & expenses payment requirements; provides for penalties for insurers for specified actions; specifies absence of liability for specified actions; provides for effect of termination of insurer's participation; specifies ratemaking requirements & requires adoption of rate plan; authorizes board to add rapid cash buildup premium surcharge to rates; provides requirements for procuring reinsurance; subjects specified windstorm coverage to rate standards; provides transitional requirements; specifies requirements for SBA in implementing program; provides for application of Florida Hurricane Catastrophe Fund to program costs; provides for application to coverage of costs of property damage under policies issued under program; revises emergency assessment requirement provisions to include application to policies issued under program; provides for future expiration of specified provisions.
Effective Date: upon becoming a law
Last Event: Died Pending Review of CS under Rule 6.3(b) on Friday, May 2, 2008 6:02 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 2784 Subject: Windstorm Insurance Coverage [EPCC] Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Jobs & Entrepreneurship Council 4/22/2008 2:16:44 PM
Chamber: House Committee: Jobs & Entrepreneurship Council 4/3/2008 9:40:32 AM
Chamber: House Committee: Jobs & Entrepreneurship Council 3/31/2008 7:02:34 PM
Chamber: House Committee: Committee on Insurance 3/13/2008 6:05:29 PM
Chamber: House Committee: Committee on Insurance 3/12/2008 3:13:04 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died Pending Review of CS under Rule 6.3(b) Time: 05/02/2008 - 6:02 PM Member: Committee: Version:
Event: H 1st Reading Time: 04/03/2008 - 6:39 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/03/2008 - 9:45 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19 Time: 04/03/2008 - 9:45 AM Member: Committee: Version: __
Event: H Reported out of Jobs & Entrepreneurship Council Time: 04/03/2008 - 9:41 AM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Favorable with CS by Jobs & Entrepreneurship Council Time: 04/01/2008 - 6:00 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Added to Jobs & Entrepreneurship Council agenda Time: 03/28/2008 - 4:25 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Now in Jobs & Entrepreneurship Council Time: 03/18/2008 - 5:08 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Reported out of Committee on Insurance Time: 03/18/2008 - 5:08 PM Member: Committee: Committee on Insurance Version: __
Event: H Favorable with 5 amendment(s) by Committee on Insurance Time: 03/13/2008 - 10:45 AM Member: Committee: Committee on Insurance Version: __
Event: H Added to Committee on Insurance agenda Time: 03/11/2008 - 4:23 PM Member: Committee: Committee on Insurance Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Now in Committee on Insurance Time: 03/03/2008 - 5:52 PM Member: Committee: Committee on Insurance Version: __
Event: H Referred to Committee on Insurance by Jobs & Entrepreneurship Council Time: 03/03/2008 - 5:52 PM Member: Committee: Committee on Insurance Version: __
Event: H Now in Jobs & Entrepreneurship Council Time: 02/28/2008 - 6:23 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Referred to Policy & Budget Council Time: 02/28/2008 - 6:23 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Jobs & Entrepreneurship Council Time: 02/28/2008 - 6:23 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Filed Time: 02/19/2008 - 10:03 AM Member: Ross Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
215.555 HB 1497, HB 7011, CS/HB 7021
627.351 CS/HB 697, CS/HB 1001, HB 7011, CS/HB 7021
627.712