Managing Florida's Hurricane Risk with the Florida Hurricane Catastrophe Fund
Available Anytime
Location:
Online
1Credits
Technical Business
Registration is Open
FICPA Members
Nonmembers
$54.00 Regular Price
Product Code: FI20-095
Level: Update
Vendor: Florida Institute of CPAs
Field of Study: Specialized Knowledge
Overview:
The Florida Hurricane Catastrophe Fund (FHCF) is a tax-exempt state trust fund that provides reimbursement to residential property insurers for a portion of their Florida catastrophic hurricane losses. The FHCF is intended to be self-supporting, with funding primarily from actuarially determined premiums paid by residential property insurance companies, and, in some circumstances, revenue bonds backed by emergency assessments on a variety of property and casualty insurance premiums.This presentation focuses on the importance of the FHCF for policyholders. It aims to provide an overview of the fund, why it was created, and how it is structured.
Objectives:
Topics of discussion will include:- Explain what the FHCF is and why it was created
- Identify the benefits of the FHCF
- Understand how the FHCF’s risk-based premiums are determined
- Summarize the types of debt and bond repayment mechanisms of the FHCF
- Identify and explain the FHCF examinations
Instructors:
Designed For:
CPAs or accounting professionals
Prerequisite:
Some familiarity with accounting
Additional Info:
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