SB 1712

  • Florida Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Mar 10, 2025
  • Senate
  • House
  • Governor

Florida Hurricane Catastrophe Fund and Reinsurance Assistance

Bill Subjects

Subject Index

Abstract

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 Sponsors (1)

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Actions


Jun 16, 2025

Senate

Died in Banking and Insurance

May 03, 2025

Senate

Indefinitely postponed and withdrawn from consideration

Mar 10, 2025

Senate

Introduced

Mar 07, 2025

Senate

Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy

Feb 28, 2025

Senate

Filed

Bill Text

Bill Text Versions Format
S 1712 Filed PDF HTML

Related Documents

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