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HB 97: Florida Hurricane Catastrophe Fund

GENERAL BILL by Santiago

Florida Hurricane Catastrophe Fund; Revises reimbursements SBA must make to insurer to include 25 percent & 60 percent of insurer's losses; revises obligation of board with respect to all contracts covering particular contract year; revises amount of charges that reimbursement premium must include; requires money to be used by Division of Emergency Management for certain purposes; authorizes temporary rapid cash build-up factor to be used if fund balance drops below specified amount; authorizes board to direct OIR to levy emergency assessment on specified premiums to cure certain deficits in fund.

Effective Date: 7/1/2018
Last Action: 1/19/2018 House - PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/23/18, 12:00 pm, Sumner Hall
Bill Text: PDF



Bill History

Date Chamber Action
8/24/2017 House • Filed
8/30/2017 House • Referred to Insurance and Banking Subcommittee; Appropriations Committee; Commerce Committee -HJ 19
1/9/2018 House • Introduced -HJ 19
1/19/2018 House • PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/23/18, 12:00 pm, Sumner Hall