Subject


The proposed amendment to this rule prohibits a participant in the Florida Hurricane Catastrophe Fund from selling, assigning, or transferring to a third party any right to receive sums from the Florida Hurricane Catastrophe Fund. To accomplish this, the Reimbursement Contract, Article II, would be amended to add the following language: The Company shall not, without the prior approval of the Office of Insurance Regulation, sell, assign, or transfer to any third party, in return for a fee or other consideration, any sums the Florida Hurricane Catastrophe Fund pays under this Contract or the right to receive such sums.