Florida legislation · 2026 Regular Session
Florida H275: Rates for Citizens Property Insurance Corporation Coverage
Status: Failed, March 13, 2026
Provides that limitations on required annual rate increases for Citizens Property Insurance Corporation coverage do not apply to new policies issued by corporation on or after specified date & to subsequent renewals of such policies; provides exception.
What the bill says
An act relating to rates for Citizens Property Insurance Corporation coverage; amending s. 627.351, F.S.; providing that the limitations on the required annual rate increases for Citizens Property Insurance Corporation coverage do not apply to new policies issued by the corporation on or after a specified date and to subsequent renewals of such policies; providing an exception; providing an effective date.
From the introduced text, October 28, 2025:
A bill to be entitled An act relating to rates for Citizens Property Insurance Corporation coverage; amending s. 627.351, F.S.; providing that the limitations on the required annual rate increases for Citizens Property Insurance Corporation coverage do not apply to new policies issued by the corporation on or after a specified date and to subsequent renewals of such policies; providing an exception; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Paragraph (n) of subsection (6) of section 627.351, Florida Statutes, is amended to read: 627.351 Insurance risk apportionment plans.-- (6) CITIZENS PROPERTY INSURANCE CORPORATION.-- (n)1. Rates for coverage provided by the corporation must be actuarially sound pursuant to s. 627.062 and not competitive with approved rates charged in the admitted voluntary market so that the corporation functions as a residual market mechanism to provide insurance only when insurance cannot be procured in the voluntary market, except as otherwise provided in this paragraph. The office shall provide the corporation such information as would be necessary to determine whether rates are competitive. The corporation shall file its recommended rates words underlined are additions. hb275-00 FLORIDAHOUSEOFREPRESENTATIVES HB 275 2026 with the office at least annually. The corporation shall provide any additional information regarding the rates which the office requires. The office shall consider the …
Sponsors
- Alvarez, Jose (D, HD-046) · primary sponsor
Latest actions
- : Died in Insurance & Banking Subcommittee
- : 1st Reading (Original Filed Version)
- : Now in Insurance & Banking Subcommittee
- : Referred to Commerce Committee
- : Referred to Insurance & Banking Subcommittee
- : Filed
Common questions
- What is H275?
- H275 is a bill in the Florida Legislature (2026 Regular Session): Rates for Citizens Property Insurance Corporation Coverage.
- What does H275 do?
- In its own words: An act relating to rates for Citizens Property Insurance Corporation coverage; amending s. 627.351, F.S.; providing that the limitations on the required annual rate increases for Citizens Property Insurance Corporation coverage do not apply to new policies issued by the corporation on or after a specified date and to subsequent renewals of such policies; providing an exception; providing an effective date.
- What is the status of H275?
- Failed as of March 13, 2026. Latest action: Died in Insurance & Banking Subcommittee (March 13, 2026).
- Who sponsored H275?
- Alvarez, Jose (D, HD-046).
- Where is the official record for H275?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/275
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.