Florida S1664 mandates annual reports on property insurer financial strength ratings and proceedings.

Florida S1664 requires the Office of Insurance Regulation to include financial strength ratings of property insurers in annual reports to the Legislature and Governor. These reports must detail ratings, changes, downgrades, upgrades, and proceedings against insurers. The bill also mandates the office to maintain and provide upon request information on insurer ratings, including those against which delinquency proceedings were instituted. The act defines "financial strength rating" and "independent rating agency" and sets criteria for rating agencies. The act takes effect July 1, 2026.

Florida S1664 mandates annual reports on property insurer financial strength ratings and proceedings.

Florida S1664 requires the Office of Insurance Regulation to include financial strength ratings of property insurers in annual reports to the Legislature and Governor. These reports must detail ratings, changes, downgrades, upgrades, and proceedings against insurers. The bill also mandates the office to maintain and provide upon request information on insurer ratings, including those against which delinquency proceedings were instituted. The act defines "financial strength rating" and "independent rating agency" and sets criteria for rating agencies. The act takes effect July 1, 2026.