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Bill to shift Citizens policies to unregulated insurers squeezes through House
The Buzz | Posted: February 3, 2012 5:03 PM
In a narrow vote on Friday, Florida's House passed a bill that would allow so-called “surplus lines” carriers to take over policies from Citizens Property Insurance, if they meet certain criteria.
Surplus lines carriers are not regulated by the Office of Insurance Regulation and can differ greatly from the state’s admitted insurers, a point that opponents of the bill pushed repeatedly.
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