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Amdt 168357 - Extended Citizens Property Insurance Corporation Premium Rate Freeze - Florida Key Vote

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Title: Extended Citizens Property Insurance Corporation Premium Rate Freeze

Vote Smart's Synopsis:

Vote to adopt an amendment that pushes back the date of actuarially sound rate filing from 2010 to 2013.

Highlights:

-Extends the date of commencement of actuarially sound rate filing from 2010 to 2013 (Sec. 5). -Mandates that after 2013, rate increases may not exceed a statewide average of 10% or exceed 20% for any individual policy (Sec. 7). -Allows the corporation to increase rates enough to recoup additional reimbursement premium paid to the Florida Hurricane Catastrophe Fund (Sec. 9).

Title: Extended Citizens Property Insurance Corporation Premium Rate Freeze

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