HB 561: Florida Hurricane Catastrophe Fund
GENERAL BILL by Santiago
Florida Hurricane Catastrophe Fund; Revises retention multiple to be used starting on specified date; specifies method by which retention multiple must be adjusted for certain coverage levels; requires fund's rate formula to provide for rapid cash build-up; specifies how rapid cash build-up factor trigger is to be calculated; revises amount of money Legislature must appropriate each fiscal year; provides legislative intent that participating insurers must make one special rate filing after specified date; provides parameters & approval mechanism for such rate filing.
Effective Date: upon becoming a law
Last Action: 2/8/2019 House - Withdrawn prior to introduction -HJ 66
Bill Text: PDF
Last Action: 2/8/2019 House - Withdrawn prior to introduction -HJ 66
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/25/2019 | House |
• Filed |
| 2/6/2019 | House |
• Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee |
| 2/8/2019 | House |
• Withdrawn from Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee • Withdrawn prior to introduction -HJ 66 |