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Last Action: 2/8/2019 House - Withdrawn prior to introduction -HJ 66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Last Action: 2/8/2019 House - Withdrawn prior to introduction -HJ 66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
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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2/8/2019 House • Withdrawn from Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee
• Withdrawn prior to introduction -HJ 66
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HB 561, Original Filed Version (Current Bill Version) Posted 1/25/2019 at 9:54 AM
Bill Text: PDF Analyses: None Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf)