MEETING OF THE
STATE BOARD OF ADMINISTRATION
(Contact Person: Dorothy Westwood - 488-4406)
THE CAPITOL
May 11, 1999

1. Approval of minutes of meeting held on April 27, 1999. (Att. #1)

2. SBA BUDGET FOR FISCAL YEAR 1999-2000:

The Executive Director recommends approval of a proposed Operating Budget for fiscal year 1999-2000. (Backup will be furnished prior to the meeting))

3. THE FLORIDA HURRICANE CATASTROPHE FUND REQUESTS APPROVAL OF THE FOLLOWING:

A. The Florida Hurricane Catastrophe Fund requests that, pursuant to Section 215.555(5)(b), Florida Statutes, the Trustees approve the premium formula for the 1999-2000 contract year. The Advisory Council approved the premium formula on March 5, 1999. (Backup will be furnished prior to the meeting)

This item was deferred from the April 13, 1999 meeting.

B. The Florida Hurricane Catastrophe Fund requests that the Trustees approve filing new rule 19-8.028 for notice to adopt the premium formula for the 1999-2000 contract year. The proposed new rule was the subject of a rule development workshop on February 3, 1999, and was approved by the Advisory Council for filing for notice on March 5, 1999. (Backup will be furnished prior to the meeting)

This item was deferred from the April 13, 1999 meeting.

C. The State Board requests that the Trustees approve the reappointment of Elsie Crowell, Insurance Consumer Advocate, as chair of the Florida Commission on Hurricane Lose Projection Methodology, for the 1999-2000 fiscal year.