HB 1127: Property Insurance
GENERAL BILL by Rodrigues, R.
Property Insurance; 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.
Last Action: 5/2/2014 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF
• Introduced -HJ 94
• Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 204
• Died in Insurance and Banking Subcommittee
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