HB 833: Florida Hurricane Catastrophe Fund
GENERAL BILL by Hager ; (CO-INTRODUCERS) Boyd
Florida Hurricane Catastrophe Fund; Revises definitions of "retention" & "corporation"; provides for calculation of insurer's reimbursement premium & retention under reimbursement contract; revises coverage levels available under reimbursement contract; revises aggregate coverage limits; provides for phase-in of changes to coverage levels & limits; revises cash build-up factor included in reimbursement premiums; provides for phase-in; reduces maximum allowable emergency assessments; changes name of Florida Hurricane Catastrophe Fund Finance Corporation; repeals provisions related to temporary emergency options for additional coverage; terminates temporary increase in coverage limits option at end of 2011-2012 contract year; limits to 2012-2013 contract year provisions relating to TICL options addendum, TICL reimbursement premiums, & claims-paying capacity of fund.
Last Action: 3/9/2012 House - Died in Insurance and Banking Subcommittee
Location: In committee/council (INBS)
Bill Text: PDF
• Referred to Insurance and Banking Subcommittee; Economic Affairs Committee -HJ 82
• Introduced -HJ 81
• On Committee agenda-- Insurance and Banking Subcommittee, 01/17/12, 3:30 pm, 404 HOB --Workshopped
• On Committee agenda-- Insurance and Banking Subcommittee, 01/30/12, 2:00 pm, 404 HOB --Removed from agenda
• Died in Insurance and Banking Subcommittee
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