Florida legislation · 2026 Regular Session
Florida S1664: Property Insurer Financial Strength Ratings
Status: Failed, March 13, 2026
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, etc.
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, January 9, 2026:
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.âPresent 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.â (1)âAs used in this section, the term: (a)ââFinancial strength ratingâ means an objective evaluation of the assets, liabilities, net worth, financial health, performance, and risk of a property insurer as determined by an independent rating agency. (b)ââIndependent rating agencyâ means an entity that meets all of the following requirements: 1.âIssues unbiased and objective financial strength ratings of insurers without the consent of the insurer. 2.âIs not paid for ratings by the rated insurers, …