Florida S1028 establishes a clearinghouse for Citizens Property Insurance Corporation to facilitate offers of coverage from authorized insurers and.

Florida S1028 mandates the Citizens Property Insurance Corporation to implement a personal lines clearinghouse by January 1, 2027, and a commercial lines clearinghouse by January 1, 2028. These clearinghouses aim to enhance access to insurance offers for new applicants and existing policyholders. The bill outlines procedures for diverting ineligible applicants and policyholders to the voluntary insurance market. It also specifies that proprietary business information provided by insurers is confidential and exempt from public disclosure.

Florida S1028 establishes a clearinghouse for Citizens Property Insurance Corporation to facilitate offers of coverage from authorized insurers and.

Florida S1028 mandates the Citizens Property Insurance Corporation to implement a personal lines clearinghouse by January 1, 2027, and a commercial lines clearinghouse by January 1, 2028. These clearinghouses aim to enhance access to insurance offers for new applicants and existing policyholders. The bill outlines procedures for diverting ineligible applicants and policyholders to the voluntary insurance market. It also specifies that proprietary business information provided by insurers is confidential and exempt from public disclosure.