Florida legislation · 2026 Regular Session
Florida H1349: Florida Hurricane Catastrophe Fund
Status: Failed, March 13, 2026
Revises provisions for Florida Hurricane Catastrophe Fund including, retention multiple, adjusted retention multiple, reimbursement contracts, loss adjustment expense, contract obligations, reimbursements, reimbursement premiums, & reinsurance.
What the bill says
An act relating to the Florida Hurricane Catastrophe Fund; amending s. 215.555, F.S.; specifying the retention multiple for specified contracts; deleting obsolete language; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; requiring that the reimbursement contract contain a promise by the State Board of Administration to reimburse the insurer a specified percentage of its losses and applicable loss adjustment expenses; specifying the loss adjustment expense for specified contracts and rates…
From the introduced text, January 9, 2026:
An act relating to the Florida Hurricane Catastrophe Fund; amending s. 215.555, F.S.; specifying the retention multiple for specified contracts; deleting obsolete language; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; requiring that the reimbursement contract contain a promise by the State Board of Administration to reimburse the insurer a specified percentage of its losses and applicable loss adjustment expenses; specifying the loss adjustment expense for specified contracts and rates; modifying the contract obligation of the board for a contract year; deleting provisions regarding reimbursements; requiring that the hurricane loss portion of a specified formula be determined by averaging the results of certain catastrophe models; authorizing, rather than requiring, a certain formula to provide for a cash build-up factor; requiring the cash build-19 up factor to be frozen beginning in a specified contract year and to freeze for a specified period ending by a specified date; requiring the savings realized as a result of the freeze of the cash build-23 up factor to be passed to consumers; requiring the board to file certain premiums with the Office of HB 1349 2026 CODING: Words stricken are deletions; words underlined are additions. hb1349-00 Page 2 of FLORIDAHOUSEOFREPRESENTATIVES Insurance Regulation; requiring the office to review such premiums; prohibiting certain costs from being added to the cost of the reimbursement …
Sponsors
- Cassel, Hillary (R, HD-101) · primary sponsor
Latest actions
- : Died in Insurance & Banking Subcommittee
- : Now in Insurance & Banking Subcommittee
- : Referred to Commerce Committee
- : Referred to State Administration Budget Subcommittee
- : Referred to Insurance & Banking Subcommittee
- : 1st Reading (Original Filed Version)
- : Filed
Common questions
- What is H1349?
- H1349 is a bill in the Florida Legislature (2026 Regular Session): Florida Hurricane Catastrophe Fund.
- What does H1349 do?
- In its own words: An act relating to the Florida Hurricane Catastrophe Fund; amending s. 215.555, F.S.; specifying the retention multiple for specified contracts; deleting obsolete language; providing the adjusted retention multiple for insurers electing the 100-percent coverage level; requiring that the reimbursement contract contain a promise by the State Board of Administration to reimburse the insurer a specified percentage of its losses and applicable loss adjustment expenses; specifying the loss adjustment expense for specified contracts and rates…
- What is the status of H1349?
- Failed as of March 13, 2026. Latest action: Died in Insurance & Banking Subcommittee (March 13, 2026).
- Who sponsored H1349?
- Cassel, Hillary (R, HD-101).
- Where is the official record for H1349?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1349
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.