Monday, November 24, 2014

HB 833 - Florida Hurricane Catastrophe Fund

General Bill   by Hager (CO-SPONSORS) Boyd
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 Event: Died in Insurance & Banking Subcommittee on Friday, March 09, 2012 11:59 PM

Referred Committees and Committee Actions

House Referrals

    -   Insurance & Banking Subcommittee
    -   Economic Affairs Committee

Related Bills

Bill # Subject Relationship
CS/SB 1372 Florida Hurricane Catastrophe Fund Similar
CS/SB 1346 Property Insurance Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(no votes recorded)

Bill History

Event Time Member Committee
Died in Insurance & Banking Subcommittee Friday, March 09, 2012 11:59 PM Insurance & Banking Subcommittee
Removed from Meeting Agenda of Insurance & Banking Subcommittee Thursday, January 26, 2012 5:16 PM Insurance & Banking Subcommittee
Added to Insurance & Banking Subcommittee agenda Thursday, January 26, 2012 4:21 PM Insurance & Banking Subcommittee
Workshopped on Insurance & Banking Subcommittee agenda Thursday, January 12, 2012 4:18 PM Insurance & Banking Subcommittee
1st Reading Tuesday, January 10, 2012 11:59 PM
Now in Insurance & Banking Subcommittee Monday, December 12, 2011 9:04 AM Insurance & Banking Subcommittee
Referred to Economic Affairs Committee Monday, December 12, 2011 9:04 AM Economic Affairs Committee
Referred to Insurance & Banking Subcommittee Monday, December 12, 2011 9:04 AM Insurance & Banking Subcommittee
Filed Thursday, December 01, 2011 12:31 PM Hager

Statutes Referenced by this Bill

215.555
627.0629
 

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