Florida House Bill 1293

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on March 8 2024 - 100% progression
Action: 2024-03-08 - Died in Insurance & Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]

Revises provisions for Florida Hurricane Catastrophe Fund including, retention multiple, adjusted retention multiple, reimbursement contracts, loss adjustment expense; contract obligations; reimbursements, & reimbursement premium formula; authorizes eligible Reinsurance to Assist Policyholders program insurers to purchase RAP coverage under program; revises reimbursement under RAP program; removes provision prohibiting premiums from being charged for participation in program; revises coverage layers of Florida Optional Reinsurance Assistance program; requires transfer of specified amount from FORA Fund into Florida Hurricane Catastrophe Fund.

Florida Hurricane Catastrophe Fund and Reinsurance Assistance

Rep. Hillary Cassel [D]	Rep. Alex Andrade [R]	Rep. Robin Bartleman [D]	Rep. Dotie Joseph [D]
Rep. Vicki Lopez [R]

Date	Chamber	Action
2024-03-08	House	Died in Insurance & Banking Subcommittee
2024-01-13	House	Now in Insurance & Banking Subcommittee
2024-01-13	House	Referred to Commerce Committee
2024-01-13	House	Referred to State Administration & Technology Appropriations Subcommittee
2024-01-13	House	Referred to Insurance & Banking Subcommittee
2024-01-09	House	1st Reading (Original Filed Version)
2024-01-05	House	Filed

S1668 (Same As) 2024-03-08 - Died in Banking and Insurance

Chapter	Article	Section	Citation Type	Statute Text
215	555		Amended Code	See Bill Text
215	5551		Amended Code	See Bill Text
215	5552		Amended Code	See Bill Text

Type	Source
Summary	https://www.flsenate.gov/Session/Bill/2024/1293
Text	https://www.flsenate.gov/Session/Bill/2024/1293/BillText/Filed/PDF