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Florida lawmakers set conditions for insurers

TALLAHASSEE, Florida (AP) ? In a move to give consumers greater choices for hurricane insurance, state lawmakers on Friday agreed to require companies that sell property insurance in other states to sell it in Florida if they want to offer car insurance here.

The insurance industry opposes the measure that emerged from a legislative conference committee, likening the rule to telling doctors what type of medicine they must practice.

Selling homeowner?s insurance ?in Kansas or Illinois is worlds different than selling homeowner?s where you have ... hurricanes as the main cost driver,? said Sam Miller, vice president of the Florida Insurance Council.

Legislators agreed to include the proposal in a package of other insurance reforms, but they acknowledged it would not quickly reduce premiums.

However, lawmakers have essentially agreed on several other ideas to lower insurance costs, one of which is a required rate rollback for the 1.3 million customers of government-run Citizens Property Insurance.

Gov. Charlie Crist urged lawmakers on Friday to send him a bill to guarantee ?meaningful? rate reductions for as many homeowners as possible.

He also floated a few more ideas that legislators have not considered, such as a moratorium on insurance rate increases and policy cancellations, but refused to say whether he would sign a bill that did not include them.

A key disagreement between the Senate and House remains: Whether to let Citizens Property Insurance, the state?s largest insurer, expand to other types of insurance besides hurricane coverage to spread out its risk.

The company was created by the state to sell wind coverage to those who can?t get it from private companies, but some lawmakers say it is poorly managed and should not be expanded.

Legislators planned to work through the weekend to resolve remaining differences and hoped to pass a bill by today.