HB 1053: Insurers
GENERAL BILL by Botana
Insurers; Revises definition of term "retention" for purpose of reimbursement from Florida Hurricane Catastrophe Fund; revises reimbursement amount promised by board in contract with property insurers; revises minimum of loss adjustment expenses; provides hurricane loss portion of formula that determines actuarially indicated premiums to be paid to fund; authorizes, rather than requires, such formula to provide for cash build-up factors; removes obsolete language; revises cash build-up factor for specified contract year; provide that risk retention groups registered to do business in state are deemed insurance companies authorized go do business in state.
Last Action: 1/6/2026 House - Withdrawn prior to introduction
Bill Text: PDF
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Bill History
Date Chamber Action 1/6/2026 House • Filed
• Withdrawn prior to introduction
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HB 1053, Original Filed Version (Current Bill Version) Posted 1/6/2026 at 1:43 PM
Bill Text: PDF Analyses: None Related Bills (4)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1163 Risk Retention Groups Botana Compare Last Action: 1/7/2026 H Filed 
H 1349 Florida Hurricane Catastrophe Fund Cassel Compare Last Action: 1/9/2026 H Filed
S 836 Risk Retention Groups DiCeglie Compare Last Action: 12/16/2025 S Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
S 1448 Florida Hurricane Catastrophe Fund DiCeglie Compare Last Action: 1/8/2026 S Filed
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 215.555 Florida Hurricane Catastrophe Fund. Page 2 (pdf) 215.5551 Reinsurance to Assist Policyholders program. Page 18 (pdf) 627.944 Risk retention groups not certificated in this state. Page 13 (pdf)