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
-
SB 1712, Original Filed Version (Current Bill Version) Posted 2/28/2025 at 11:12 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 13 Windstorm Coverage by Citizens Property Insurance Corporation Cassel Compare Last Action: 2/28/2025 H Withdrawn prior to introduction 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 3 (pdf) 215.5551 Reinsurance to Assist Policyholders program. Page 11 (pdf) 215.5552 Florida Optional Reinsurance Assistance program. Page 22 (pdf)