Citizens insurance: New bill advances after veto

Citizens.jpgA bill that offers protections to Citizens Property Insurance Corp. customers is headed for the Florida Senate floor a year after Gov. Rick Scott vetoed a measure with similar aims.

SB 1630, sponsored as last year’s  bill was by Sen. Anitere Flores, R-Miami, passed the Senate appropriations committee 17-0 Thursday. It provides protection for Citizens customers who are transferred to private insurers under state-approved offers.

The legislation limits takeout offers to six cycles per year and provides  that homeowners can return to Citizens within 36 months at renewal rates if private insurers do not comply with certain conditions.

The bill says the private company must agree that after assumption, its initial premium will not exceed by more than 10 percent its original offer.

A House version  that is not identical awaits a floor vote.

A Citizens spokesman said, “We are continuing to work with Sen. Flores and the House sponsor to craft a bill that addresses the issue while taking into account concerns raised by the governor last year over similar legislation.”

A spokeswoman for Scott said, ““Governor Scott will review any legislation that makes it to his desk.”

 

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