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198.028 Reimbursement Premium Formula. (1) Purpose. This rule adopts the Premium Formula to determine the Actuarial Indicated Reimbursement Premium to be paid to the Florida Hurricane Catastrophe
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Property owners in Florida who want to protect their property against hurricane damage
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The Florida Hurricane Catastrophe Fund (FHCF) is a state-run program that provides insurance coverage to help protect Florida from the financial impact of hurricanes.
Insurance companies operating in Florida are required to file the FHCF form to report their reinsurance coverage.
Insurance companies can fill out the FHCF form online through the designated website or submit it via mail.
The purpose of the FHCF is to provide a financial safety net to help mitigate the financial impact of hurricanes on the state of Florida.
Insurance companies must report details of their reinsurance coverage, premiums, and potential liabilities related to hurricane risks.
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