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The Florida Senate

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.

Effective Date: upon becoming a law
Last Action: 5/2/2014 House - Died in Insurance and Banking Subcommittee
Bill Text: PDF

Bill History

Date Chamber Action
2/25/2014 House • Filed
3/4/2014 House • Introduced -HJ 94
3/5/2014 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 204
5/2/2014 House • Died in Insurance and Banking Subcommittee