Florida S1024 amends the Citizens Property Insurance Corporation's coverage and rate policies.

Florida S1024 amends the Citizens Property Insurance Corporation's coverage and rate policies. It revises eligibility for residential structures in certain counties, requiring flood insurance for personal lines residential policies. The bill sets annual rate increases for single policies and mandates actuarially sound rates. It also outlines service standards for policyholders and agents, ensuring they receive treatment no less than that provided in the voluntary market.

Florida S1024 amends the Citizens Property Insurance Corporation's coverage and rate policies.

Florida S1024 amends the Citizens Property Insurance Corporation's coverage and rate policies. It revises eligibility for residential structures in certain counties, requiring flood insurance for personal lines residential policies. The bill sets annual rate increases for single policies and mandates actuarially sound rates. It also outlines service standards for policyholders and agents, ensuring they receive treatment no less than that provided in the voluntary market.