SB 1712: Florida Hurricane Catastrophe Fund and Reinsurance Assistance
GENERAL BILL by DiCeglie
Florida Hurricane Catastrophe Fund and Reinsurance Assistance; Specifying the retention multiple for specified contracts under the Florida Hurricane Catastrophe Fund program beginning on a certain date; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; authorizing, rather than requiring, a certain formula to provide for a cash build-up factor; requiring the cash build-up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; authorizing, rather than requiring, eligible RAP insurers to purchase RAP coverage; revising the coverage layers of the Florida Optional Reinsurance Assistance (FORA) program, etc.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/28/2025 | Senate |
• Filed |
