Friday, March 9, 2012
Citizens assessments reduced in last bill passed 2012 session
HB 1127 decreases Citizens regular assessments to 2%, down, from a maximum of 18% (current law), shifting the balance of the deficit (if any) to the emergency assessment mechanism.
Before passage, the bill was stripped of the Cat Fund reforms that had been added to the Senate companion bill earlier in this week.
For other insurance bills passed by the Legislature, go to 2012 Key Insurance Bills tab.
This summary was prepared by Perry Cone and posted at TallyInsLaw.com.
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