Proposed Amendment to Florida Hurricane Catastrophe Fund Reimbursement Premium Formula Would Exclude Certain Jewelry Coverage Policies

Mar 21, 2018

A proposed amendment to Rule 19-8.028, F.A.C. relating to the Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Premium Formula would exempt from FHCF participation any policy solely covering jewelry that is not associated with a policy covering a Residential Structure located in Florida, and that is not issued by an insurer that provides coverage of Residential Structures in Florida.

The proposed Rule, which is presently in the development process, was among the topics on the agenda for yesterday’s FHCF Advisory Council meeting on March 21, 2018.

To view the proposed Rule draft, click here.

The FHCF has also advised of the following updates: