HB 1055: Florida Hurricane Catastrophe Fund
GENERAL BILL by Hager
Florida Hurricane Catastrophe Fund; Revises definitions of terms "covered policy," "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; changes name of Florida Hurricane Catastrophe Fund Finance Corporation; repeals provisions relating to temporary emergency options for additional coverage; provides for recoupment of certain costs of reinsurance.
Last Action: 2/27/2013 House - Withdrawn prior to introduction, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60) -HJ 104
Bill Text: PDF
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