HB 1127 (2014) -  Property Insurance

by Rodrigues, R.
Establishes aggregate limit on insurer retention levels; revises coverage levels available under reimbursement contracts; revises schedule & circumstances under which SBA is required to publish certain statements & notices relating to Florida Hurricane Catastrophe Fund; revises requirements for reimbursement contracts; requires SBA to obtain line of credit to reimburse insurers; deletes requirement that formula for determining premiums to be paid to fund include cash build-up factor; requires formula to be peer reviewed; deletes provisions relating to temporary emergency options for additional coverage; deletes provision prohibiting insurer from recouping reinsurance costs.
Effective Date: upon becoming a law
Last Event: Died in Insurance & Banking Subcommittee on Friday, May 2, 2014 10:39 PM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 05/02/2014 - 10:39 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Regulatory Affairs Committee Time: 03/05/2014 - 3:53 PM Member: Committee: Regulatory Affairs Committee Version: __
Event: H Referred to Government Operations Appropriations Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Government Operations Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/05/2014 - 3:53 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/04/2014 - 11:50 PM Member: Committee: Version: __
Event: H Filed Time: 02/25/2014 - 5:32 PM Member: Rodrigues, R. Committee: Version: __