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CS/SB 1372: Florida Hurricane Catastrophe Fund

GENERAL BILL by Banking and Insurance ; Alexander

Florida Hurricane Catastrophe Fund; Providing for calculation of an insurer’s reimbursement premium and retention under the reimbursement contract; revising coverage levels available under the reimbursement contract; revising aggregate coverage limits; providing for the phase-in of changes to coverage levels and limits; revising the cash build-up factor included in reimbursement premiums; providing for phase-in; reducing maximum allowable emergency assessments; changing the name of the Florida Hurricane Catastrophe Fund Finance Corporation; repealing provisions related to temporary emergency options for additional coverage, etc.

Effective Date: upon becoming a law
Last Action: 3/9/2012 Senate - Died in Budget Subcommittee on General Government Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Budget Subcommittee on General Government Appropriations (BGA)
  3. Budget (BC)

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  • Bill History

    Date Chamber Action
    12/27/2011 Senate • Filed
    1/13/2012 Senate • Referred to Banking and Insurance; Budget -SJ 148
    • Introduced -SJ 148
    2/14/2012 Senate • On Committee agenda-- Banking and Insurance, 02/16/12, 8:00 am, 412 Knott Building
    2/16/2012 Senate • CS by Banking and Insurance; YEAS 8 NAYS 1 -SJ 523
    • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/20/2012 Senate • Now in Budget -SJ 523
    2/21/2012 Senate • Subreferred to Budget Subcommittee on General Government Appropriations -SJ 534
    • Now in Budget Subcommittee on General Government Appropriations
    • CS by Banking and Insurance read 1st time -SJ 539
    2/23/2012 Senate • On Committee agenda-- Budget Subcommittee on General Government Appropriations, 02/28/12, 10:45 am, 401 Senate Office Building --Temporarily Postponed
    3/9/2012 Senate • Died in Budget Subcommittee on General Government Appropriations

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  • CS/SB 1372, Committee Substitute 1 (Current Bill Version) Posted 2/16/2012 at 3:21 PM

    Bill Text:   Web Page | PDF
    Analyses:   Budget Subcommittee on General Government Appropriations (Pre-Meeting) 2/27/2012 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 833 Florida Hurricane Catastrophe Fund Hager Similar Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)
    S 1346 (c1) Property Insurance Oelrich Compare Last Action: 3/9/2012 S Laid on Table, companion bill(s) passed, see HB 1127 (Ch. 2012-80) -SJ 1671
    Location: Laid on Table

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    627.0629 Residential property insurance; rate filings. Page 33 (pdf)

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  • SB 1372, Original Filed Version Posted 12/27/2011 at 10:27 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 2/15/2012 (pdf)
    Banking and Insurance (Post-Meeting) 2/16/2012 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 833 Florida Hurricane Catastrophe Fund Hager Identical Last Action: 3/9/2012 H Died in Insurance and Banking Subcommittee
    Location: In committee/council (INBS)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    626970 - Amendment
    Delete lines 722 - 723 and insert:
    Banking and Insurance
    (Alexander)
    2/15/2012
    8:17 AM
    Replaced by Committee Substitute
    2/16/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/16/2012 8:00 AM Banking and Insurance 8 Yeas - 1 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)
    627.0629 Residential property insurance; rate filings. Page 33 (pdf)

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