Proposed Rule Development: FHCF Reimbursement Contract Addendum Four

The Florida State Board of Administration, on behalf of the Florida Hurricane Catastrophe Fund (“FHCF”) has issued a Notice of Proposed Rule for Rule 19-8.010: Reimbursement Contract.

To view the complete Notice of Proposed Rule Development, click here.

The FHCF is seeking to implement changes made to Section 215.555, Florida Statutes, during the 2008 Florida Legislative session by adding a fourth addendum to the FHCF Reimubursement Contract that would extend the $10 million FHCF optional coverage.

THE FULL TEXT OF THE PROPOSED RULE IS:
19-8.010 Reimbursement Contract.
(1) through (13) No change.
(14) The reimbursement contract for the 2008-2009 contract year, including all Addenda, required by Section 215.555(4), F.S., which is called Form FHCF-2008K – “Reimbursement Contract” or “Contract” between (name of insurer) (the “Company”)/NAIC #( ) and The State Board of Administration of the State of Florida (“SBA”) which administers the Florida Hurricane Catastrophe Fund (“FHCF”), rev. 05/08, is hereby adopted and incorporated by reference into this rule. This contract is effective from June 1, 2008 through May 31, 2009.
(15) No change.
Specific Authority 215.555(3) FS. Law Implemented 215.555 FS. History–New 5-31-94, Amended 8-29-95, 5-19-96, 6-19-97, 5-28-98, 5-17-99, 9-13-99, 6-19-00, 6-3-01, 6-2-02, 11-12-02, 5-13-03, 5-19-04, 8-29-04, 5-29-05, 11-13-05, 5-10-06, 9-5-06, 5-8-07, 8-13-07, 6-8-08,_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Jack E. Nicholson, Senior FHCF Officer
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: The Trustees of the State Board of Administration
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: May 28, 2008
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: May 30, 2008, Vol. 34, No. 22

To view the complete 2008-2009 FHCF Reimbursement Contract, which includes Addendum 4, click here.

 

Should you have any questions or comments, please do not hesitate to contact this office.