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28 April 2011

Scott wants state-backed insurer smaller, solvent

TALLAHASSEE, Fla. (AP) – April 27, 2011 – Gov. Rick Scott says there is no plan to eliminate the state-backed Citizens Property Insurance Corp.

Scott said Tuesday the only plan he has ever had for Citizens is one he put out during his successful gubernatorial campaign last year. Scott said then he would work with the Legislature to eliminate the government-run program’s reliance on assessments and ensure that it operates on actuarially sound rates.

Read More at
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259241

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I say keep the state run insurance and keep premiums low.  Force all insurers also give the state quotes showing what each covers. 

The state has not investors to worry about a payout.  Premiums could be collected and loaned out to ear additional revenue.

I dont trust the government.  I trust insurance companies less.

If an insurance company pulls out or drops people then they should be forced to give that person 3 months of free coverage so they can find new insurance and pay the downpayment.  I think its fair.

Just random thoughts.

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