Florida legislation · 2025 Regular Session
Florida S1712: Florida Hurricane Catastrophe Fund and Reinsurance Assistance
Status: Failed, June 16, 2025
Specifying the retention multiple for specified contracts under the Florida Hurricane Catastrophe Fund program beginning on a certain date; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; authorizing, rather than requiring, a certain formula to provide for a cash build-up factor; requiring the cash build-up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; authorizing, rather than requiring, eligible RAP insurers to purchase RAP coverage; revising the coverage layers of the Florida Optional Reinsurance Assistance (FORA) program, etc.
Sponsors
- Nick DiCeglie (R, SD-018) · primary sponsor
Common questions
- What is S1712?
- S1712 is a bill in the Florida Legislature (2025 Regular Session): Florida Hurricane Catastrophe Fund and Reinsurance Assistance.
- What does S1712 do?
- Specifying the retention multiple for specified contracts under the Florida Hurricane Catastrophe Fund program beginning on a certain date; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; authorizing, rather than requiring, a certain formula to provide for a cash build-up factor; requiring the cash build-up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; authorizing, rather than requiring, eligible RAP insurers to purchase RAP coverage; revising the coverage layers of the Florida Optional Reinsurance Assistance (FORA) program, etc.
- What is the status of S1712?
- Failed as of June 16, 2025.
- Who sponsored S1712?
- Nick DiCeglie (R, SD-018).
- Where is the official record for S1712?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2025/1712