FHCF definition

FHCF means Florida Hurricane Catastrophe Fund.
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FHCF means the Florida Hurricane Catastrophe Fund.
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FHCF has the meaning specified in the definition of Exclusion.
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Examples of FHCF in a sentence

  • The FHCF and the obligations of both parties under this Contract can be terminated only as may be provided by law or applicable rules.

  • This term means the entity with which the SBA contracts to perform administrative tasks associated with the operations of the FHCF.

  • This term means the sum of the projected Balance of the Fund as of December 31 of a Contract Year, plus any reinsurance purchased by the FHCF, plus the most recent estimate of the Borrowing Capacity of the FHCF, determined pursuant to Section 215.555(4)(c), Florida Statutes.

  • If it is determined that the Company received funds in excess of those to which it was entitled, the interest as to those sums will not cease on the date of the receipt of the Proof of Loss Report but will continue until the Company reimburses the FHCF for the overpayment.

  • The Projected Payout Multiple is derived by dividing the estimated single season Claims-Paying Capacity of the FHCF by the estimated total aggregate industry Reimbursement Premium for the FHCF for the Contract Year.

  • The Company’s Reimbursement Premium as paid to the SBA for the Contract Year is multiplied by the Projected Payout Multiple to estimate the Company’s coverage from the FHCF for the Contract Year.

  • Company shall notify the FHCF immediately upon becoming insolvent.

  • If the FHCF receives accurate and complete records as requested, the examiner will contact the Company to inform the Company as to what policies or other documentation will be required once the examiner is on site.

  • However, the Company’s reimbursements from the FHCF for all Covered Events occurring during the Contract Year shall not exceed, in aggregate, the Projected Payout Multiple or Payout Multiple, as applicable, times the individual Company’s Reimbursement Premium for the Contract Year.

  • If more than one Covered Event occurs in any one Contract Year, any reimbursements due from the FHCF shall take into account the Company’s Retention for each Covered Event.


More Definitions of FHCF

FHCF means the Florida Hurricane Catastrophe
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FHCF or “Fund” means the Florida Hurricane Catastrophe Fund created in Section 215.555, Florida Statutes. (9) “Florida Insurance Code” is defined as those chapters
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FHCF or "Fund" means the Florida Hurricane Catastrophe Fund created in Section 215.555, Florida Statutes.
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FHCF means the Florida Hurricane Catastrophe Fund. 633 (e) TEACO addendum.—
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FHCF means the Florida Hurricane Catastrophe Fund and any successor thereto.
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Related to FHCF

  • IBNR means unpaid health claims incurred but not reported. The liability for IBNR claims is actuarially estimated based on the most current historical claims experience of previous payments, inflation, award trends, and estimates of health care trend changes.

  • AHCCCS means the Arizona Health Care Cost Containment System.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • HMO means any health maintenance organization, managed care organization, any Person doing business as a health maintenance organization or managed care organization, or any Person required to qualify or be licensed as a health maintenance organization or managed care organization under applicable federal or state law (including, without limitation, HMO Regulations).

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.