KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Florida

HB0319 • 2026

Property Insurance Interstate Compact

Property Insurance Interstate Compact

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Skidmore ; (CO-INTRODUCERS) Bartleman ; Campbell ; Cross ; Daley ; Driskell ; Edmonds ; Gantt ; Gottlieb ; Harris ; Hinson ; Hunschofsky ; Joseph ; Robinson, F. ; Rosenwald ; Spencer ; Tant
Last action
2026-03-13
Official status
House - Died in Insurance & Banking Subcommittee
Effective date
2026-07-01

Plain English Breakdown

The official source material does not provide details on how joining this compact will affect Florida's current property insurance laws and regulations.

Property Insurance Interstate Compact

This law requires the Florida Commissioner of Insurance Regulation to start talks with other states by December 31, 2027, about forming a compact for a national risk pool related to natural disasters.

What This Bill Does

  • Requires the Florida Commissioner of Insurance Regulation to initiate a compact with other states by December 31, 2027, to establish a national risk pool for property insurance related to natural disasters.
  • The commissioner must join the compact as soon as feasible after it is formed, but only if at least 14 other states are also part of it.

Who It Names or Affects

  • Florida residents who have property insurance
  • Insurance companies in Florida and potentially other states

Terms To Know

national risk pool
A shared fund that helps cover the costs of damages from natural disasters for property owners across multiple states.
compact
An agreement between two or more states to work together on a specific issue, like insurance regulation.

Limits and Unknowns

  • The bill does not specify what happens if fewer than 14 other states join the compact.
  • It is unclear how joining this compact will affect Florida's current property insurance laws and regulations.

Bill History

  1. 2026-03-13 House

    • Died in Insurance & Banking Subcommittee

  2. 2026-01-13 House

    • 1st Reading (Original Filed Version)

  3. 2025-11-12 House

    • Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee

  4. 2025-11-04 House

    • Filed

Official Summary Text

Property Insurance Interstate Compact; Requires Commissioner of Insurance Regulation to initiate compact with other states to establish national risk pool for property insurance for natural disasters for specified purpose; requires commissioner to enter into compact with minimum number of member states.

Current Bill Text

Read the full stored bill text 
HB 319 2026

CODING: Words stricken are deletions; words underlined are additions.
hb319-00
Page 1 of 1
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to property insurance interstate 2
compact; requiring the Commissioner of Insurance 3
Regulation to initiate a compact with other states to 4
establish a national risk pool for property insurance 5
for natural disasters for a specified purpose; 6
requiring the commissioner to enter into the compact 7
with a minimum number of member states; providing an 8
effective date. 9
10
Be It Enacted by the Legislature of the State of Florida: 11
12
Section 1. The Commissioner of Insurance Regulation shall, 13
by December 31, 2027, initiate a compact with other states to 14
establish a national risk pool for property insurance for 15
natural disasters in order to reduce the financial risks to this 16
state and its residents and shall, as soon as feasible, enter 17
into the compact with at least 14 other member states. 18
Section 2. This act shall take effect July 1, 2026. 19