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.
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
• Referred to Insurance and Banking Subcommittee; Appropriations Committee; Commerce Committee -HJ 19
• Introduced -HJ 19
• PCS on Committee agenda-- Insurance and Banking Subcommittee, 01/23/18, 12:00 pm, Sumner Hall
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