Purpose
The hurricane season, the effective date of the Florida Hurricane Catastrophe Fund Reimbursement Contract for the 2009-2010 Contract Year and the effective date of CS/CS/CS/HB 1495, passed by the 2009 Legislature is June 1, 2009. Therefore, time is of the essence in incorporating those changes made by CS/CS/CS/HB 1495, which impact the Reimbursement Contract. Key changes to the law which must be reflected in the Reimbursement Contract is the Legislature’s extension of the $10 million optional FHCF coverage program to the current Contract Year and the reduction in the amount of Temporary Increase in Coverage Level (TICL) optional coverage. This Emergency Rule is the only way to implement the changes made to the optional coverage s in a timely manner.