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Glossary of Legislative Terms

SB 1506: Florida Hurricane Catastrophe Fund

GENERAL BILL by Braynon

Florida Hurricane Catastrophe Fund; Revising the calculation for retention multiples; providing that the aggregate retention level may not exceed a specified amount; reducing the actual claims-paying capacity of the fund by specified amounts during a certain period until the claims-paying capacity of the fund is a specified amount; requiring certain amounts to be reserved to pay specified claims, etc.

Effective Date: 7/1/2015
 Last Action: 5/1/2015 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on General Government (AGG)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
2/26/2015 Senate • Filed
3/3/2015 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations -SJ 140
• Introduced -SJ 140
5/1/2015 Senate • Died in Banking and Insurance