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The Florida Senate

HB 833: Florida Hurricane Catastrophe Fund


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.

Effective Date: upon becoming a law
Last Action: 3/9/2012 House - Died in Insurance and Banking Subcommittee
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    12/1/2011 House • Filed
    12/12/2011 House • Referred to Insurance and Banking Subcommittee; Economic Affairs Committee -HJ 82
    1/10/2012 House • Introduced -HJ 81
    1/12/2012 House • On Committee agenda-- Insurance and Banking Subcommittee, 01/17/12, 3:30 pm, 404 HOB --Workshopped
    1/26/2012 House • On Committee agenda-- Insurance and Banking Subcommittee, 01/30/12, 2:00 pm, 404 HOB --Removed from agenda
    3/9/2012 House • Died in Insurance and Banking Subcommittee

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  • HB 833, Original Filed Version (Current Bill Version) Posted 12/1/2011 at 12:31 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1372 (c1) Florida Hurricane Catastrophe Fund Alexander Similar Last Action: 3/9/2012 S Died in Budget Subcommittee on General Government Appropriations
    Location: In committee/council (BGA)
    S 1346 (c1) Property Insurance Oelrich Compare Last Action: 3/9/2012 S Laid on Table, companion bill(s) passed, see HB 1127 (Ch. 2012-80) -SJ 1671
    Location: Laid on Table

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    627.0629 Residential property insurance; rate filings. Page 34 (pdf)

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