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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.
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Effective Date:
upon becoming a law
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Last Event:
Died in Insurance & Banking Subcommittee on Friday, March 09, 2012 11:59 PM
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(None Available)
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(no votes recorded)
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Died in Insurance & Banking Subcommittee
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Friday, March 09, 2012 11:59 PM
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Insurance & Banking Subcommittee
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Removed from Meeting Agenda of Insurance & Banking Subcommittee
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Thursday, January 26, 2012 5:16 PM
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Insurance & Banking Subcommittee
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Added to Insurance & Banking Subcommittee agenda
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Thursday, January 26, 2012 4:21 PM
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Insurance & Banking Subcommittee
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Workshopped on Insurance & Banking Subcommittee agenda
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Thursday, January 12, 2012 4:18 PM
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Insurance & Banking Subcommittee
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1st Reading
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Tuesday, January 10, 2012 11:59 PM
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Now in Insurance & Banking Subcommittee
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Monday, December 12, 2011 9:04 AM
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Insurance & Banking Subcommittee
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Referred to Economic Affairs Committee
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Monday, December 12, 2011 9:04 AM
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Economic Affairs Committee
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Referred to Insurance & Banking Subcommittee
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Monday, December 12, 2011 9:04 AM
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Insurance & Banking Subcommittee
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Filed
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Thursday, December 01, 2011 12:31 PM
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Hager
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Statutes Referenced by this Bill
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215.555
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627.0629
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