H1307: Citizens Property Insurance Corporation

Legislative Summary

Requires OIR to approve method used by Citizens Property Insurance Corporation for valuing dwelling replacement costs; revises method for determining amounts of surcharges to be levied against policyholders; specifies that registered lobbyist may not be member of corporation's board of governors; specifies qualification requirements for certain members of corporation's board of governors at time of appointment & reappointment; revises thresholds for determining eligibility of risk for coverage by corporation; provides that policyholders removed from corporation through assumption agreement do not remain eligible for coverage from corporation.