Florida House Bill 561 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 25 2019 - 25% progression, died in chamber
Action: 2019-02-08 - Withdrawn prior to introduction
Text: Latest bill text (Introduced) [PDF]

Revises retention multiple to be used starting on specified date; specifies method by which retention multiple must be adjusted for certain coverage levels; requires fund's rate formula to provide for rapid cash build-up; specifies how rapid cash build-up factor trigger is to be calculated; revises amount of money Legislature must appropriate each fiscal year; provides legislative intent that participating insurers must make one special rate filing after specified date; provides parameters & approval mechanism for such rate filing.

Florida Hurricane Catastrophe Fund

Rep. David Santiago [R]

Date	Chamber	Action
2019-02-08	House	Withdrawn prior to introduction
2019-02-08	House	Withdrawn from Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee
2019-02-06	House	Referred to Insurance and Banking Subcommittee; Government Operations and Technology Appropriations Subcommittee; Commerce Committee
2019-01-25	House	Filed

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

Type	Source
Summary	https://www.flsenate.gov/Session/Bill/2019/561
Text	https://www.flsenate.gov/Session/Bill/2019/561/BillText/Filed/PDF