FL H0885

Increases the maximum overall premium increase allowed for reinsurance-related rate filings from 10% to 15% for any individual policyholder

Expands costs that residential property insurers can include in separate rate filings to cover financing products used as a replacement for reinsurance

Removes the requirement that reinsurance rate filings exclude expenses or profit loaded by the insurer

Eliminates the 6-month waiting period restrictions that previously prohibited insurers from implementing rate increases within 6 months before or after making certain rate filings

Removes references to the Temporary Increase in Coverage Limits (TICL) portion of the Florida Hurricane Catastrophe Fund from rate filing provisions