HB 833 (2012) -  Florida Hurricane Catastrophe Fund

by Hager (CO-SPONSORS) Boyd
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 9, 2012 11:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 03/09/2012 - 11:59 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Removed from Meeting Agenda of Insurance & Banking Subcommittee Time: 01/26/2012 - 5:16 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/26/2012 - 4:21 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added as workshop bill to Insurance & Banking Subcommittee agenda Time: 01/12/2012 - 4:18 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 12/12/2011 - 9:04 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 12/12/2011 - 9:04 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 12/12/2011 - 9:04 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/01/2011 - 12:31 PM Member: Hager Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
215.555 CS/CS/SB 292, CS/CS/HB 937*, CS/SB 1346, CS/SB 1372
627.0629 CS/CS/HB 1101*, CS/SB 1372

(*) Not the latest version