Summary
In accordance with Section 215.555(5), Florida Statutes, proposed amended Rule 19-8.028, F.A.C., Reimbursement Premium Formula, adopts the 2019-2020 reimbursement premium formula for the Florida Hurricane Catastrophe Fund (“Florida Hurricane Catastrophe Fund 2019 Ratemaking Formula Report Presented to the State Board of Administration of Florida March 19, 2019”). In addition, the proposed amended Rule deletes a “special circumstances” exemption for certain policies solely covering jewelry, which has been superseded by the 2019 Reimbursement Contract adopted as part of Rule 19-8.010.