Florida Hurricane Catastrophe Fund

Summary

The measure revises the definition of insurer “retention,” sets new formulas for reimbursement contracts, and adjusts the premium‑setting method for the state’s hurricane fund. It would affect insurance companies that buy coverage from the fund by altering loss‑adjustment expense reimbursements and cash‑build‑up factors. The changes aim to make fund financing more predictable, but the bill died in committee.

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

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