GT: Florida Cabinet Approves CAT Fund Reimbursement Premium Formula and Rule 19-8.028
By: Greenberg Traurig Yesterday, the Florida Cabinet State Board of Administration (“SBA”) unanimously approved the 2017-2018 Florida Hurricane Catastrophe Fund (“CAT Fund”) Reimbursement Premium Formula. The SBA also adopted a proposed rule for Rule 19-8.028, F.A.C., Reimbursement Premium Formula (the “Rule”), which implements the formula. The formula follows statutory criteria that has been in place…