HB 1497 (2008) -  Florida Hurricane Catastrophe Fund

by Gelber
Specifies board of directors of Florida Hurricane Catastrophe Fund Finance Corporation as Rate Reduction Authority; provides for authority to extend & expand temporary emergency program applicable only to specified hurricane seasons; authorizes authority to provide additional contract years for optional coverage; authorizes authority to sell reinsurance to private insurance companies at discounted rates; extends eligible contract years for purposes of temporary increase in coverage limit options; increases claims-paying capacity of fund; increases reimbursement premium amount for additional coverage; limits purchases of additional insurance; specifies additional powers of Rate Reduction Authority relating to contract refund requirements, antitrust actions, & selling reinsurance.
Effective Date: July 1, 2008
Last Event: Died in Jobs & Entrepreneurship Council on Friday, May 2, 2008 6:02 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Jobs & Entrepreneurship Council Time: 05/02/2008 - 6:02 PM Member: Committee: Jobs & Entrepreneurship Council Version:
Event: H Now in Jobs & Entrepreneurship Council Time: 03/07/2008 - 8:25 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Referred to Policy & Budget Council Time: 03/07/2008 - 8:25 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Jobs & Entrepreneurship Council Time: 03/07/2008 - 8:25 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Filed Time: 03/04/2008 - 11:41 AM Member: Gelber Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
215.555 CS/HB 983, HB 7011, CS/HB 7021