FPCA Homeowners Division: Amended Florida Hurricane Catastrophe Fund Contract Year Draft Legislation
Jan 15, 2010
Florida Hurricane Catastrophe Fund (“FHCF”) Chief Operating Officer Jack Nicholson has provided the Florida Property Casualty Association (“FPCA”) with a revised bill draft relating to the FHCF contract year change effected by legislation passed in 2009. The FHCF is drafting the bill in conjunction with the Florida Office of Insurance Regulation (“OIR”).
It is anticipated that this bill will continue to evolve in substance prior to its introduction into the Florida Legislature. Colodny Fass will continue to work with Dr. Nicholson and the OIR on this legislation.
The January 13, 2010 version of the draft bill is attached.
Please provide any comments to Katie Webb during the FPCA Homeowners meeting, which will be held at the 2010 State of the Insurance Market Summit at 2:00 p.m. on Friday, January 22, 2010.