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FL Condo Bill Raises Insurance Concerns Florida lawmakers passed a bill ( HB 913 ) intended to provide condominium owners some relief from the high cost of bringing properties up to code, as a result...
NH, AZ Authorize Crypto Reserves Two months after President Trump signed an executive order establishing a federal strategic bitcoin reserve and digital asset stockpile, New Hampshire and Arizona have...
State Lawmakers Shift from PBMs to PSAOs in Fight Against High Drug Costs For a while now state legislators have targeted pharmacy benefit managers, or PBMs, for contributing to the high cost of prescription...
TX Taking Tougher Stance on Social Media for Kids The Texas House passed a bill ( HB 186 ) that would ban social media accounts for anyone under the age of 18. The measure would also allow parents to...
IA Enacts Law Addressing Shortage of Birth Centers Iowa Gov. Kim Reynolds (R) signed a bill ( HF 887 ) exempting freestanding birth centers from having to obtain a certificate of need from the state’s...
Florida lawmakers passed a bill (HB 913) intended to provide condominium owners some relief from the high cost of bringing properties up to code, as a result of strict new rules imposed on them after the deadly Surfside condo collapse in 2021. But the version of HB 913 that was ultimately approved by state lawmakers has some in the condo insurance community worried that it could result in properties being underinsured. For instance, the approved version mandates that “every condominium association shall have adequate property insurance.” But wording in the introduced version stating the determination of adequate insurance coverage “must” be made via an independent appraisal was replaced with wording indicating that determination “may” be made through such an appraisal. (INSURANCE JOURNAL, LEXISNEXIS STATE NET
—Compiled by SNCJ Managing Editor KOREY CLARK
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