• Introduced
    Jan 06, 2026
  • Passed House
  • Passed Senate
  • Became Law
HB 1053
Florida House Bill
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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.
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House • Jan 06, 2026: Withdrawn prior to introduction
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  • Jan 06, 2026 | House
    • Filed
    • Withdrawn prior to introduction
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