Amdt 168357 - Extended Citizens Property Insurance Corporation Premium Rate Freeze - Florida Key Vote
Dean Cannon, Jr. voted Nay (Amendment Vote) on this Amendment.
Timeline
- House Amendment Rejected
- April 23, 2009
- Introduced
- April 22, 2009
Related Legislation
Related Issues
Stage Details
Title: Extended Citizens Property Insurance Corporation Premium Rate Freeze
Vote Smart's Synopsis:
Vote to adopt an amendment that pushes back the date of actuarially sound rate filing from 2010 to 2013.
Highlights:
-Extends the date of commencement of actuarially sound rate filing from 2010 to 2013 (Sec. 5). -Mandates that after 2013, rate increases may not exceed a statewide average of 10% or exceed 20% for any individual policy (Sec. 7). -Allows the corporation to increase rates enough to recoup additional reimbursement premium paid to the Florida Hurricane Catastrophe Fund (Sec. 9).
Title: Extended Citizens Property Insurance Corporation Premium Rate Freeze