SB 1668: Florida Hurricane Catastrophe Fund and Reinsurance Assistance
GENERAL BILL by DiCeglie
Florida Hurricane Catastrophe Fund and Reinsurance Assistance; Specifying the retention multiple for specified contracts; requiring that the reimbursement contract contain a promise by the State Board of Administration to reimburse the insurer a specified percentage of its losses and applicable loss adjustment expenses; requiring the cash build-up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; requiring the board to file certain premiums with the Office of Insurance Regulation, etc.
Effective Date: Upon becoming a law
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 3/8/2024 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
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Bill History
Date Chamber Action 1/5/2024 Senate • Filed
1/11/2024 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
• Introduced
3/8/2024 Senate • Died in Banking and Insurance
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SB 1668, Original Filed Version (Current Bill Version) Posted 1/5/2024 at 6:59 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1293 Florida Hurricane Catastrophe Fund and Reinsurance Assistance Cassel, Andrade Identical Last Action: 3/8/2024 H Died in Insurance & Banking Subcommittee 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf) 215.5551 Reinsurance to Assist Policyholders program. Page 10 (pdf) 215.5552 Florida Optional Reinsurance Assistance program. Page 18 (pdf)