“From Justice As A Foundation All Rights Flow” APRIL 26, 2007
VOTE
FOR YOUR CONSTITUENTS!
VOTE
YEA ON H 1267 -- PROPERTY INSURANCE
the HOUSE will vote today on H 1267, sponsored by Representative Julio Robaina and co-sponsored by many other of your colleagues from both parties. The bill with two amendments (see below) has the full backing of our Governor Charlie Crist, who we voted into office to help us with our serious property insurance problems! Florida's consumers are running out of time to mince words! We need relief from high property insurance premiums. The insurance industry has proven that they only want our money, not our risk! Don't fall for any more of their empty promises and that of the legislators they have bought and paid for! This is where it counts! You can be very sure we are watching for the vote of each of you!
You have only two options: To vote for Florida's consumers -- your constituents -- or to vote for the Insurance Industry! It is our life and the welfare of our families you will be voting upon. Believe me, our memory will last until November 2008!
This is the bill
supported by the FLORIDA
CONSUMER INSURANCE COALITION
.
We
consumer need the bill to pass with the two amendments -- nothing else!
Please see below!
If you
support this version you vote for your constituents. If you vote against
it or for a watered down version you vote for the insurance industry!
TAKE YOUR PICK!
Warm Regards,
Deland, FL
(386) 740-1503
CS/HB 1267 / THIS IS THE VERSION WE CONSUMERS WANT!
Amends
legislative findings for Citizens Property Insurance Corporation to
protect their tax-exempt status.
Amendment
#1 ·
Prevents
insurers from circumventing the prohibition on new pup companies by
creating holding companies to hold the ·
Gives
the OIR authority to disapprove a pup company's rate filing based on
the profits of the parent company (if the parent insurer returned
profits of more than 15% to investors, the OIR can disapprove the pup
company's rate filing). Amendment
2 ·
Changes
the Citizens’ Board from 8 members to 9 members. ·
Gives
the Governor 3 Board appointments instead of 2. ·
Keeps
all other appointing entities (CFO, Senate President, and House
Speaker) at 2 appointments. ·
Changes
the appointment of the Chair of the Board from the CFO to the
Governor. ·
Requires
all Board members to have insurance, bond financing, business
management or corporate board expertise. ·
Repeals
the requirement that Board members reside in different geographical
areas of the state. ·
Abolishes
the Citizens technical advisory group appointed by the CFO which was
charged with providing advice and information to the Board about the
Board’s duties ·
Require
the executive director of Citizens to have substantial insurance and
managerial expertise. CYBER CITIZENS FOR JUSTICE, INC.
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