summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2013 Regular Session
Bill Summary
Revising the definitions for "corporation," "covered policy," and "retention"; providing for calculation of an insurer's reimbursement premium and retention under the reimbursement contract; revising coverage levels available under the reimbursement contract; revising aggregate coverage limits; providing for the phase-in of changes to coverage levels and limits; changing the name of the Florida Hurricane Catastrophe Fund Finance Corporation to the State Board of Administration Finance Corporation, etc.
AI Summary
This bill revises the Florida Hurricane Catastrophe Fund (FHCF) by updating definitions for "corporation," "covered policy," and "retention," and it modifies how an insurer's reimbursement premium and retention are calculated under reimbursement contracts. It also adjusts the available coverage levels and aggregate coverage limits, phasing in these changes over time. Additionally, the bill renames the Florida Hurricane Catastrophe Fund Finance Corporation to the State Board of Administration Finance Corporation, and it makes other technical amendments to various sections of Florida Statutes related to insurance and the FHCF, including changes to rate filings and reporting requirements for insurers.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Died in Appropriations, companion bill(s) passed, see CS/SB 1770 (Ch. 2013-60) (on 05/03/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| Banking and Insurance Committee Substitute Amendment #588276 to Amendment #548468 | http://www.flsenate.gov/Session/Bill/2013/1262/Amendment/588276/HTML |
| Banking and Insurance Committee Amendment (Delete All) #548468 | http://www.flsenate.gov/Session/Bill/2013/1262/Amendment/548468/HTML |
| Banking and Insurance Committee Amendment to Substitute Amendment #398790 to Amendment #588276 | http://www.flsenate.gov/Session/Bill/2013/1262/Amendment/398790/HTML |
| Banking and Insurance Committee Amendment (Delete All) #303624 | http://www.flsenate.gov/Session/Bill/2013/1262/Amendment/303624/HTML |
| BillText | http://www.flsenate.gov/Session/Bill/2013/1262/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1262 |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1262/BillText/Filed/PDF |
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