Tracked/Proposed Changes to Florida Hurricane Catastrophe Fund 2011/2012 Contract Year and Related Rules; Workshop, Advisory Council Meeting Today

A Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop (“Workshop”) is being held today, September 29, 2010 to review updates to the FHCF’s 2011/2012 Reimbursement Contract, Premium Formula, and Insurer Reporting Requirements and Responsibilities Rules.  To view the agenda, click here.

An FHCF Advisory Council meeting follows this afternoon from 1:00 p.m. to 4:00 p.m. that will include a review of public comment and testimony provided at today’s Workshop.  To participate in the Advisory Council meeting, dial 888-808-6959 and enter conference code 4765251363.

Proposed changes to the 2011 FHCF Reimbursement Contract and related Rules are accessible through the hyperlinks below:

 

Rule 19-8.010 – Reimbursement Contract

• 2011 Reimbursement Contract
• Addendum No. 1 to Reimbursement Contract (Optional $10 Million)
• Addendum No. 2 to Reimbursement Contract (TICL Option)
• Addendum No. 3 to Reimbursement Contract (Citizens)
• Optional Amendment to Change Prior Elections

Rule 19-8.028 – 2011 Reimbursement Premium Formula

Rule 19-8.029 – Insurer Reporting Requirements

• 2011 Insurer Reporting Requirements (Form FHCF-D1A Data Call)
• Interim Loss Report (Form FHCF-L1A)
• Proof of Loss Report (Form FHCF-L1B)

Rule 19-8.030 – Insurer Responsibilities

• 2011 Exposure Examination Advance Preparation Instructions (Form FHCF-EAP1)
• 2011 Loss Reimbursement Examination Advance Preparation Instructions (Form FHCF-LAP1)

 

A Colodny Fass representative will attend the meetings and provide a report on the proceedings.  

 

Should you have any comments or questions, please contact Colodny Fass.

 

 

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