Florida Senate - 2021 SENATOR AMENDMENT Bill No. CS for CS for CS for SB 76 Ì597028;Î597028 LEGISLATIVE ACTION Senate . House . . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— Senator Cruz moved the following: 1 Senate Amendment to House Amendment (334081) (with title 2 amendment) 3 4 Between lines 1208 and 1209 5 insert: 6 Section 16. (1) For insurers writing residential or 7 commercial insurance on property as defined in s. 624.604, 8 Florida Statutes, the rates in effect on July 1, 2021, remain in 9 effect until December 31, 2022, except for any rate change that 10 results in a lower rate. 11 (2) The next rate change that may increase rates must take 12 effect pursuant to a new rate filing submitted to the Office of 13 Insurance Regulation pursuant to s. 627.062, Florida Statutes. 14 (3) The office shall conduct a comprehensive data call 15 using the closed claim data collected pursuant to s. 16 624.424(11), Florida Statutes, and, by January 1, 2023, shall 17 publish an actuarial report based upon the results of the data 18 call. The report must identify the impact of this act on 19 property insurance rates. The results of the report must be used 20 as a factor in determining future rates and rating schedules and 21 in the creation of rating manuals. 22 23 ================= T I T L E A M E N D M E N T ================ 24 And the title is amended as follows: 25 Delete line 1330 26 and insert: 27 certain circumstances; providing that rates for 28 certain insurers remain in effect until a specified 29 date; providing an exception; specifying requirements 30 for rate changes after such date; requiring the office 31 to conduct a data call and publish an actuarial 32 report; specifying requirements for such report; 33 providing an effective date.