Rule for New-Business Eligibility Increases to 20% (Personal Lines) - Citizens Property Insurance Corporation
Published by Citizens Property Insurance Corporation. Jurisdiction FL.
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Citizens states that for any Personal Lines new-business risk to be eligible for Citizens coverage, the premium for coverage from an authorized insurer must be more than 20 percent greater than the premium for comparable coverage from Citizens.
claim citizens-eligibility-pl-20pct#c1Citizens states that the prior threshold for this Personal Lines rule was 15 percent.
claim citizens-eligibility-pl-20pct#c2Citizens describes an alternative no-offer-of-coverage standard for Personal Lines new business.
claim citizens-eligibility-pl-20pct#c3Citizens states that the change took effect July 1, 2021 and was made to comply with Senate Bill 76 (2021).
claim citizens-eligibility-pl-20pct#c4Citizens states that the Property Insurance Clearinghouse determines eligibility under the rule and that agents must upload documentation verifying that an authorized insurer's premium exceeds Citizens' comparable premium by more than 20 percent.
claim citizens-eligibility-pl-20pct#c5
Each claim above has its own address. Link to a single claim with/sources/citizens-eligibility-pl-20pct#c1, and read the same list with its identifiers, checksums and dates at citizens-eligibility-pl-20pct.json. A checksum lets you tell whether a claim you cited still says what it said.
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Reviewer notes
Published: 2021-06-14 Effective: 2021-07-01