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IntroducedJan 06, 2026
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Passed House
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Passed Senate
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Became Law
Insurers; 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.
Last Action See all actions
House • Jan 06, 2026: Withdrawn prior to introduction
Latest Bill Text See all bill texts
Summary
Comments on HB 1053
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- Jan 06, 2026 | House
- Filed
- Withdrawn prior to introduction
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