Bill Sponsor
Florida Senate Bill 2A
Session 2022A
Property Insurance
Became Law
Became Law
Signed by Governor on Dec 16, 2022
Sponsor
First Action
Dec 9, 2022
Latest Action
Dec 16, 2022
Origin Chamber
Senate
Type
Bill
Bill Number
2A
State
Florida
Session
2022A
Sponsorship by Party
Republican
Primary
Senate Votes (5)
House Votes (4)
Summary
Property Insurance; Creating the Florida Optional Reinsurance Assistance program (FORA), to be administered by the State Board of Administration; authorizing eligible insurers to purchase reinsurance coverage under FORA; providing that property insurers may be subject to an additional market conduct examination by the Office of Insurance Regulation after a hurricane under certain circumstances; specifying conditions that must be met for a property insurance policy to require mandatory binding arbitration; prohibiting policyholders from assigning post-loss insurance benefits under residential or commercial property insurance policies issued on or after a specified date, etc. APPROPRIATION: $1,757,982
Documents (42)
Bill Analysis -- Banking and Insurance (Pre-Meeting) (12/9/2022 6:22 PM)
Bill Analysis -- Banking and Insurance (Post-Meeting) (12/12/2022 2:43 PM)
Bill Analysis -- Fiscal Policy (Pre-Meeting) (12/12/2022 2:59 PM)
Bill Analysis -- Fiscal Policy (Post-Meeting) (12/12/2022 6:28 PM)
Sources
Record Created
Dec 12, 2022 6:04:10 PM
Record Updated
Dec 22, 2022 8:06:39 AM