Citizens Depopulation Bill
January 12th, 2012 by flanewsState lawmakers are not expected to have much time to tackle too many big issues this session. Redistricting and the two billion dollar budget shortfall are expected to eat up most of their time. But those limitations aren’t keeping State Senator Alan Hays from trying to scale back Citizen Property Insurance. Hays filed a bill this week that would eliminate hundreds of thousand of polices from the state backed insurer.
“The sooner we can depopulate Citizens the greater diminishing we have of that financial obligation,” said Hays.
The bill would eliminate million dollars properties from Citizens in 2013, and then by 2017, nothing over half a million dollars could be insured by Citizens.
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