The mean deviation of axis of TICL
from one week to six months postoperatively was 2.
Lawmakers have since taken some steps to whittle down TICL
and agreed to phase it out completely over the next several years.
In addition, TICL
benefits from reinsurance support from SPFM, according to the analysts.
The largest carrier opting out of TICL
this year is Citizens Property Insurance Corp.
47 NHC, 37-38; TICL
, 93-96, 178-81, 209-13; Carrie C.
However, last year legislators changed course and began to slowly scale back the size of the TICL
Each company is entitled to select its Cat Fund premium share of a total of $10 billion of TICL
This law change also increased the cost of TICL
coverage and authorized the Cat Fund to charge insurers more to build up its cash reserves.
The $12 billion TICL
layer will be eliminated in $2 billion increments over a six-year period, commencing in 2009.
The Florida Legislature passed a bill that would gradually phase out the TICL
layer of the fund by $2 billion a year over a six-year period while also increasing the price of this coverage.
It cuts $2 billion from the Cat Fund's Temporary Increase in Coverage Limit (TICL
) layer this year and establishes a plan to drawn down TICL
completely after the 2013 hurricane season, returning this coverage to the private reinsurance market.