**Florida law requires that Citizens create programs to help return Citizens policies to the private market and reduce the risk of assessments for all Floridians.
Depopulation 20% Rule Process Initiated – Policy is not eligible to remain with Citizens
Policies that receive an offer of coverage that is not more than 20% greater than Citizens’ renewal premium are ineligible to remain with Citizens. If multiple offers are received, policyholders should confirm acceptance of an offer by following the same registration steps, however, the option to remain with Citizens will not be available.
Eligibility to Remain with Citizens Recent changes by the Florida Legislature, found in Senate Bill 2-A, state that policies are no longer eligible to remain with Citizens if there is an assumption offer with an estimated renewal premium that is not more than 20% greater than the Citizens’ estimated renewal premium. Policies that are set to nonrenewal for flood or max coverage reasons are now eligible to be assumed. No additional action is necessary.
**According to Citizens Property Insurance Corporation (2023) https://www.citizensfla.com.
