Florida Hurricane Catastrophe Fund

Summary

HB 1349 would change how the state calculates the loss amount insurers must retain before receiving reimbursements from the Hurricane Catastrophe Fund and set new coverage‑level percentages. It also requires the board to publish fund capacity data, freezes a cash‑build‑up factor and directs any savings to consumers. The changes affect insurers that participate in the fund and, indirectly, the policyholders they insure.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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