H1053Introduced in the House
Insurers
Introduced by Adam Botana, District 80
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Revises definition of term "retention" for purpose of reimbursement from Florida Hurricane Catastrophe Fund; revises reimbursement amount promised by board in contract with property insurers; revises minimum of loss adjustment expenses; provides hurricane loss portion of formula that determines actuarially indicated premiums to be paid to fund; authorizes, rather than requires, such formula to provide for cash build-up factors; removes obsolete language; revises cash build-up factor for specified contract year; provide that risk retention groups registered to do business in state are deemed insurance companies authorized go do business in state.
Where it stands
Withdrawn prior to introduction
January 6, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed
Withdrawn prior to introduction
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