HB 1293: Florida Hurricane Catastrophe Fund and Reinsurance Assistance
GENERAL BILL by Cassel ; Andrade ; (CO-INTRODUCERS) Bartleman ; Joseph ; Lopez, V.
Florida Hurricane Catastrophe Fund and Reinsurance Assistance; Revises provisions for Florida Hurricane Catastrophe Fund including, retention multiple, adjusted retention multiple, reimbursement contracts, loss adjustment expense; contract obligations; reimbursements, & reimbursement premium formula; authorizes eligible Reinsurance to Assist Policyholders program insurers to purchase RAP coverage under program; revises reimbursement under RAP program; removes provision prohibiting premiums from being charged for participation in program; revises coverage layers of Florida Optional Reinsurance Assistance program; requires transfer of specified amount from FORA Fund into Florida Hurricane Catastrophe Fund.
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/5/2024 | House |
• Filed |
| 1/9/2024 | House |
• 1st Reading (Original Filed Version) |
| 1/13/2024 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/8/2024 | House |
• Died in Insurance & Banking Subcommittee |
