Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
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Specifying the retention multiple for specified contracts under the Florida Hurricane Catastrophe Fund program beginning on a certain date; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; authorizing, rather than requiring, a certain formula to provide for a cash build-up factor; requiring the cash build-up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; authorizing, rather than requiring, eligible RAP insurers to purchase RAP coverage; revising the coverage layers of the Florida Optional Reinsurance Assistance (FORA) program, etc.
