TALLAHASSEE, Fla. (AP) — The Florida House has rejected a proposal that could shift homeowners away from Citizens Property Insurance and into unregulated out-of-state insurers.
The Florida Senate last week narrowly voted for a property insurance bill that would allow homeowners seeking coverage from Citizens to be shifted to a private surplus line insurance company. Surplus line companies are not subjected to the same regulations as companies based in the state.
But the House on Tuesday stripped out that provision from the bill (SB 1672).
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