Florida House Bill 1127 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on May 2 2014 - 100% progression
Action: 2014-05-02 - Died in Insurance and Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]

Establishes aggregate limit on insurer retention levels; revises coverage levels available under reimbursement contracts; revises schedule & circumstances under which SBA is required to publish certain statements & notices relating to Florida Hurricane Catastrophe Fund; revises requirements for reimbursement contracts; requires SBA to obtain line of credit to reimburse insurers; deletes requirement that formula for determining premiums to be paid to fund include cash build-up factor; requires formula to be peer reviewed; deletes provisions relating to temporary emergency options for additional coverage; deletes provision prohibiting insurer from recouping reinsurance costs.

Property Insurance

Sen. Ray Rodrigues [R]

Date	Chamber	Action
2014-05-02	House	Died in Insurance and Banking Subcommittee
2014-03-05	House	Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee
2014-03-04	House	Introduced
2014-02-25	House	Filed

S0610 (Similar To) 2014-05-02 - Died in Banking and Insurance
H0391 (Similar To) 2014-05-02 - Died on Calendar
S0228 (Similar To) 2014-05-02 - Died in Banking and Insurance
S0482 (Similar To) 2014-05-02 - Died in Appropriations

Chapter	Article	Section	Citation Type	Statute Text
215	555		Amended Code	See Bill Text
624	424		Amended Code	See Bill Text
627	062		Amended Code	See Bill Text
627	0629		Amended Code	See Bill Text
627	351		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2014/1127
Text	http://www.flsenate.gov/Session/Bill/2014/1127/BillText/Filed/PDF