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FL S1594
Bill
Status
1/29/2010
Primary Sponsor
Carey Baker
Click for details
AI Summary
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Delays the repeal of the exemption for medical malpractice insurance premiums from emergency assessments under the Florida Hurricane Catastrophe Fund from May 31, 2010 to May 31, 2013
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Medical malpractice insurance premiums will become subject to emergency assessments beginning with loss events occurring in contract years commencing on June 1, 2013
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Maintains existing emergency assessment provisions on direct premiums for property and casualty lines of business to fund the Florida Hurricane Catastrophe Fund's obligations and revenue bond repayment
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Preserves assessment caps of 6 percent per contract year and 10 percent aggregate annual assessment on subject premiums
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Effective upon becoming law
Legislative Description
Florida Hurricane Catastrophe Fund [WPSC]
Last Action
Placed on Special Order Calendar; Read 2nd time -SJ 00993; Substituted HB 7217 -SJ 00993; Laid on Table, companion bill(s) passed, see HB 7217 (Ch. 2010-141) -SJ 00993
4/29/2010