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
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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
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HB 1127, Original Filed Version (Current Bill Version) Posted 2/25/2014 at 5:32 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 610 Florida Hurricane Catastrophe Fund Lee Similar Last Action: 5/2/2014 S Died in Banking and Insurance
Location: In committee/council (BI)
S 228 Florida Hurricane Catastrophe Fund Ring Compare Last Action: 5/2/2014 S Died in Banking and Insurance
Location: In committee/council (BI)
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf) 624.424 Annual statement and other information. Page 22 (pdf) 627.062 Rate standards. Page 23 (pdf) 627.0629 Residential property insurance; rate filings. Page 23 (pdf) 627.351 Insurance risk apportionment plans. Page 24 (pdf)