Bill Summary

SB 1668 Florida Hurricane Catastrophe Fund and Reinsurance Assistance (2024 Session)
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Sponsors
by DiCeglie
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Summary
Florida Hurricane Catastrophe Fund and Reinsurance Assistance; Specifying the retention multiple for specified contracts; requiring that the reimbursement contract contain a promise by the State Board of Administration to reimburse the insurer a specified percentage of its losses and applicable loss adjustment expenses; 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; requiring the board to file certain premiums with the Office of Insurance Regulation, etc. Effective Date: Upon becoming a law
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Fiscal Policy
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Actions
01/05/24
SENATE
Filed
01/11/24
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
03/08/24
SENATE
Died in Banking and Insurance
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bill text & filed amendments
1668
Filed on 01/05/24
PDF
No amendments to this bill text filed.
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Statute Citations
215.555
215.5551
215.5552
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