Citizens Property Insurance Corporation undergoes legislative revamp
Gov. Ron DeSantis signed legislation on Friday that introduces changes to Citizens Property Insurance Corporation by allowing surplus lines insurers to take over certain policies, simplifying flood insurance requirements, and consolidating accounts to improve financial stability and reduce reliance on the state’s insurer of last resort.
Gov. Ron DeSantis signed legislation on Friday that introduces changes to the operations and management of Citizens Property Insurance Corporation, the state’s insurer of last resort.
The new legislation permits surplus lines insurers to assume policies from Citizens for non-primary residences and properties not used as homesteads, provided they meet certain...
