Common use of LIABILITY OF THE FHCF Clause in Contracts

LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C.

Appears in 2 contracts

Samples: Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (United Insurance Holdings Corp.)

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LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 12 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C..

Appears in 1 contract

Samples: Attention

LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 12 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. 2 Rule 19-8.010, F.A.C.

Appears in 1 contract

Samples: Reimbursement Contract (United Insurance Holdings Corp.)

LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 12 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C.2 FHCF-2008K-2

Appears in 1 contract

Samples: Reimbursement Contract (Homeowners Choice, Inc.)

LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 6 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C..

Appears in 1 contract

Samples: Attention

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LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 8 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C..

Appears in 1 contract

Samples: Attention

LIABILITY OF THE FHCF. Pursuant to Section 215.555(17)(g), Florida Statutes, the liability of the FHCF with respect to all TICL addenda shall not exceed $4 billion and shall depend on the number of insurers that select the TICL optional coverage and the TICL coverage options selected. In no circumstance shall the liability of the FHCF exceed its actual claims-paying capacity as defined in Section 215.555(2)(m), Florida Statutes. The additional TICL capacity shall apply only to the additional coverage provided under the TICL options and shall not otherwise affect any insurer's ’s reimbursement from the FHCF if the insurer chooses not to select a TICL option to increase its limit of FHCF coverage. Rule 19-8.010, F.A.C..

Appears in 1 contract

Samples: Reimbursement Contract

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