Bill Summary
SB 1506 Florida Hurricane Catastrophe Fund (2015 Session)
Florida Hurricane Catastrophe Fund; Revising the calculation for retention multiples; providing that the aggregate retention level may not exceed a specified amount; reducing the actual claims-paying capacity of the fund by specified amounts during a certain period until the claims-paying capacity of the fund is a specified amount; requiring certain amounts to be reserved to pay specified claims, etc. Effective Date: 7/1/2015
02/26/15
SENATE
Filed
03/03/15
SENATE
Referred to Banking and Insurance; Appropriations Subcommittee on General Government; Appropriations
05/01/15
SENATE
Died in Banking and Insurance
No amendments to this bill text filed.
215.555
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