FL HB 1053
withdrawnInsurers
Florida · 2026 Regular Session · lower
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Quick answers
Did FL HB 1053 pass?
No. FL HB 1053 was withdrawn and is no longer under consideration. Latest recorded action (2026-01-06): Withdrawn prior to introduction
What is FL HB 1053 about?
Insurers; Revises definition of term "retention" for purpose of reimbursement from Florida Hurricane Catastrophe Fund; revises reimbursement amount promised by board in contract with property insurers; revises minimum of loss adjustment expenses; provides hurricane loss portion of formula that determines actuarially indicated premiums to be paid to fund; authorizes, rather than requires, such formula to provide for cash build-up factors; removes obsolete language; revises cash build-up factor for specified contract year; provide that risk retention groups registered to do business in state are deemed insurance companies authorized go do business in state.
Who sponsors FL HB 1053?
Botana is the primary sponsor of FL HB 1053.
Description
Insurers; Revises definition of term "retention" for purpose of reimbursement from Florida Hurricane Catastrophe Fund; revises reimbursement amount promised by board in contract with property insurers; revises minimum of loss adjustment expenses; provides hurricane loss portion of formula that determines actuarially indicated premiums to be paid to fund; authorizes, rather than requires, such formula to provide for cash build-up factors; removes obsolete language; revises cash build-up factor for specified contract year; provide that risk retention groups registered to do business in state are deemed insurance companies authorized go do business in state.
- Introduced
- —
- Latest action
- 2026-01-06 — Withdrawn prior to introduction
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Botanaprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-01-06
Withdrawn prior to introduction
withdrawal
2026-01-06
Filed
filing
Versions
- H 1053 FiledCompare
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:19:20.677932Z
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Use this data
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