Florida legislation · 2026 Regular Session
Florida H649: Property Insurer Financial Strength Ratings
Status: Failed, March 13, 2026
Requires certain annual insurance reports prepared by OIR for Legislature & Governor to include financial strength ratings of property insurers against which delinquency & similar proceedings were instituted; requires office to maintain & make available upon request information relating to financial strength ratings of property insurers.
What the bill says
An act relating to property insurer financial strength ratings; amending s. 624.315, F.S.; providing definitions; requiring certain annual insurance reports prepared by the Office of Insurance Regulation for the Legislature and the Governor to include the financial strength ratings of property insurers against which delinquency and similar proceedings were instituted; requiring the office to maintain and make available upon request information relating to financial strength ratings of property insurers; providing an effective date.
From the introduced text, December 3, 2025:
A bill to be entitled An act relating to property insurer financial strength ratings; amending s. 624.315, F.S.; providing definitions; requiring certain annual insurance reports prepared by the Office of Insurance Regulation for the Legislature and the Governor to include the financial strength ratings of property insurers against which delinquency and similar proceedings were instituted; requiring the office to maintain and make available upon request information relating to financial strength ratings of property insurers; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Present subsections (1) through (5) of section 624.315, Florida Statutes, are redesignated as subsections (2) through (6), respectively, a new subsection (1) is added to that section, paragraph (p) is added to present subsection (2) of that section, and paragraph (c) of present subsection (1) and present subsection (5) of that section are amended, to quarterly reports.-- (1) As used in this section, the term: (a) "Financial strength rating" means an objective evaluation of the assets, liabilities, net worth, financial words underlined are additions. hb649-00 FLORIDAHOUSEOFREPRESENTATIVES HB 649 2026 health, performance, and risk of a property insurer as determined by an independent rating agency. (b) "Independent rating agency" means an entity that meets all of the following requirements: 1. Issues unbiased and objective financial strength ratings of insurers without …
Sponsors
- Chambliss, Kevin (D, HD-117) · primary sponsor
- Campbell, Daryl (D, HD-099)
Latest actions
- : Died in Insurance & Banking Subcommittee
- : 1st Reading (Original Filed Version)
- : Now in Insurance & Banking Subcommittee
- : Referred to Commerce Committee
- : Referred to Insurance & Banking Subcommittee
- : Filed
Common questions
- What is H649?
- H649 is a bill in the Florida Legislature (2026 Regular Session): Property Insurer Financial Strength Ratings.
- What does H649 do?
- In its own words: An act relating to property insurer financial strength ratings; amending s. 624.315, F.S.; providing definitions; requiring certain annual insurance reports prepared by the Office of Insurance Regulation for the Legislature and the Governor to include the financial strength ratings of property insurers against which delinquency and similar proceedings were instituted; requiring the office to maintain and make available upon request information relating to financial strength ratings of property insurers; providing an effective date.
- What is the status of H649?
- Failed as of March 13, 2026. Latest action: Died in Insurance & Banking Subcommittee (March 13, 2026).
- Who sponsored H649?
- Chambliss, Kevin (D, HD-117), with 1 co-sponsor.
- Where is the official record for H649?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/649
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.