Florida SB 1476: Prescription Drug Coverage

Bill Text

1476 
Homeowners’ Insurance Premium Discounts 
2026-01-08T09:26:54Z 
Requiring residential property insurers to provide specified premium reductions for claim-free periods and mitigation improvements; prohibiting the use of storm-related claims to deny eligibility for a premium reduction; requiring the Office of Insurance Regulation to adopt rules relating to mitigation upgrades; prohibiting certain claims that are the result of an act of God from being used as a cause for premium discount ineligibility, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 1476 

 By Senator Bernard 

 24-01295-26 20261476__ 
 1 A bill to be entitled 
 2 An act relating to homeowners’ insurance premium 
 3 discounts; creating s. 626.0656, F.S.; defining terms; 
 4 requiring residential property insurers to provide 
 5 specified premium reductions for claim-free periods 
 6 and mitigation improvements; specifying the conditions 
 7 under which such reductions apply; prohibiting the use 
 8 of storm-related claims to deny eligibility for a 
 9 premium reduction; requiring the Office of Insurance 
 10 Regulation to adopt rules relating to mitigation 
 11 upgrades; requiring residential property insurers to 
 12 submit, by a specified date, a specified report to the 
 13 office; requiring the office to compile certain 
 14 reports and publish an annual report on its website; 
 15 amending s. 627.4133, F.S.; prohibiting certain claims 
 16 that are the result of an act of God from being used 
 17 as a cause for premium discount ineligibility; 
 18 providing construction; providing an effective date. 
 19 
 20 Be It Enacted by the Legislature of the State of Florida: 
 21 
 22 Section 1. Section 626.0656, Florida Statutes, is created 
 23 to read: 
 24 626.0656 Homeowners’ insurance premium discounts and rating 
 25 protections.— 
 26 (1) As used in this section, the term: 
 27 (a) “Claim-free period” means a continuous period during 
 28 which a residential property insurance policy remains in force 
 29 and the policyholder submits no claim other than a storm-related 
 30 claim. 
 31 (b) “Mitigation improvement” means any structural or 
 32 nonstructural feature, installation, or upgrade made to a 
 33 residential structure for the purpose of reducing windstorm or 
 34 hurricane damage risk, including, but not limited to, roof 
 35 reinforcement, opening protection, flood barriers, and tie 
 36 downs. 
 37 (c) “Residential property insurer” means an insurer 
 38 authorized to issue homeowners policies, dwelling fire policies, 
 39 or condominium unit owners policies in this state. 
 40 (d) “Storm-related claim” means a claim arising directly 
 41 from a hurricane, tropical storm, tornado, or other weather 
 42 event declared by the National Weather Service. 
 43 (2)(a) A residential property insurer shall provide a 
 44 premium reduction to a policyholder who completes a claim-free 
 45 period of 3 years. The premium reduction may not be less than 5 
 46 percent of the annual premium and must increase by an additional 
 47 5 percent for each consecutive claim-free year thereafter. 
 48 (b) The premium reduction required under this subsection 
 49 must be applied at the next renewal following completion of the 
 50 claim-free period. 
 51 (c) A storm-related claim may not be used to deny, reduce, 
 52 or disqualify a premium reduction provided under this 
 53 subsection. 
 54 (3)(a) A residential property insurer shall provide a 
 55 premium reduction to a policyholder who completes a mitigation 
 56 improvement. 
 57 (b) The premium reduction required under this subsection 
 58 must be applied at the next renewal following the completion of 
 59 the mitigation improvement and must be in addition to any claim 
 60 free premium reduction. 
 61 (c) The office shall adopt rules to implement this 
 62 subsection, including rules that: 
 63 1. Establish a list of eligible mitigation upgrades; and 
 64 2. Maintain a publicly accessible database of approved 
 65 contractors and products related to mitigation improvements. 
 66 (4)(a) By March 1 of each year, each residential property 
 67 insurer shall submit to the office a report detailing: 
 68 1. The number of policies receiving claim-free premium 
 69 reductions under subsection (2); 
 70 2. The number of policies receiving mitigation improvement 
 71 premium reductions under subsection (3); 
 72 3. The total amount of premium savings provided to 
 73 policyholders under subsections (2) and (3); and 
 74 4. The geographic distribution of premium reductions, by 
 75 county. 
 76 (b) The office shall compile the reports received under 
 77 paragraph (a) and publish an annual report on its website. 
 78 Section 2. Subsection (3) of section 627.4133, Florida 
 79 Statutes, is amended to read: 
 80 627.4133 Notice of cancellation, nonrenewal, or renewal 
 81 premium.— 
 82 (3) Claims on property insurance policies that are the