The Florida Senate
HOUSE MESSAGE SUMMARY
Prepared By: The Professional Staff of the Committee on Banking and Insurance
[2022s01058.hms.bi]
BILL: SB 1058
INTRODUCER: Senator Hutson
SUBJECT: Property Insurer Reimbursements
DATE: March 4, 2022
I.Amendments Contained in Message:
House Amendment – 056655 (body with title)
II.Summary of Amendments Contained in Message:
House Amendment - 056655 amends s. 215.555, F.S., to require that the Florida Hurricane
Catastrophe Fund provide reimbursement for a loss under collateral protection insurance (also
known as lender-placed or force-placed insurance) when the coverage amount differs from the
coverage amount under the lapsed policy if the homeowner received notice of the collateral
protection insurance coverage amount, or the homeowner requested a different coverage amount
from the collateral protection insurer.