HB 1293: Florida Hurricane Catastrophe Fund and Reinsurance Assistance
GENERAL BILL by Cassel ; Andrade ; (CO-INTRODUCERS) Bartleman ; Joseph ; Lopez, V.
Florida Hurricane Catastrophe Fund and Reinsurance Assistance; Revises provisions for Florida Hurricane Catastrophe Fund including, retention multiple, adjusted retention multiple, reimbursement contracts, loss adjustment expense; contract obligations; reimbursements, & reimbursement premium formula; authorizes eligible Reinsurance to Assist Policyholders program insurers to purchase RAP coverage under program; revises reimbursement under RAP program; removes provision prohibiting premiums from being charged for participation in program; revises coverage layers of Florida Optional Reinsurance Assistance program; requires transfer of specified amount from FORA Fund into Florida Hurricane Catastrophe Fund.
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 1/5/2024 House • Filed
1/9/2024 House • 1st Reading (Original Filed Version)
1/13/2024 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
3/8/2024 House • Died in Insurance & Banking Subcommittee
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HB 1293, Original Filed Version (Current Bill Version) Posted 1/5/2024 at 11:35 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1668 Florida Hurricane Catastrophe Fund and Reinsurance Assistance DiCeglie Identical Last Action: 3/8/2024 S Died in Banking and Insurance 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf) 215.5551 Reinsurance to Assist Policyholders program. Page 11 (pdf) 215.5552 Florida Optional Reinsurance Assistance program. Page 21 (pdf)