Florida Senate - 2022 COMMITTEE AMENDMENT
Bill No. SB 2-D
Ì624398TÎ624398
LEGISLATIVE ACTION
Senate . House
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The Committee on Appropriations (Boyd) recommended the
following:
1 Senate Amendment (with title amendment)
2
3 Delete lines 579 - 632
4 and insert:
5 s. 627.915(2), reports required by s. 627.7154(3), and all
6 reports that are not confidential and exempt on its website in a
7 timely fashion.
8 Section 8. Subsection (1) of section 624.313, Florida
9 Statutes, is amended to read:
10 624.313 Publications.—
11 (1) As early as reasonably possible, the office shall
12 annually have printed and made available a statistical report
13 which must include all of the following information on either a
14 calendar year or fiscal year basis:
15 (a) A summary of all information reported to the office
16 under s. 627.915(1).
17 (b) The total amount of premiums written and earned by line
18 of insurance.
19 (c) The total amount of losses paid and losses incurred by
20 line of insurance.
21 (d) The ratio of premiums written to losses paid by line of
22 insurance.
23 (e) The ratio of premiums earned to losses incurred by line
24 of insurance.
25 (f) The market share of the 10 largest insurers or insurer
26 groups by line of insurance and of each insurer or insurer group
27 that has a market share of at least 1 percent of a line of
28 insurance in this state.
29 (g) The profitability of each major line of insurance.
30 (h) An analysis of the impact of the insurance industry on
31 the economy of the state.
32 (i) A complaint ratio by line of insurance for the insurers
33 referred to in paragraph (f), based upon information provided to
34 the office by the department. The office shall determine the
35 most appropriate ratio or ratios for quantifying complaints.
36 (j) An analysis of such lines or kinds of insurance for
37 which the office determines that an availability problem exists
38 in this state, and an analysis of the availability of
39 reinsurance to domestic insurers selling homeowners’ and
40 condominium unit owners’ insurance in this state.
41 (k) A summary of the findings of market examinations
42 performed by the office under s. 624.3161 during the preceding
43 year.
44 (l) Such other information as the office deems relevant.
45 Section 9. Paragraph (c) of subsection (1) and paragraph
46 (n) of subsection (2) of section 624.315, Florida Statutes, is
47 amended to read:
48 624.315 Department; annual report.—
49 (1) As early as reasonably possible, the office, with such
50 assistance from the department as requested, shall annually
51 prepare a report to the Speaker and Minority Leader of the House
52 of Representatives, the President and Minority Leader of the
53 Senate, the chairs of the legislative committees with
54 jurisdiction over matters of insurance, and the Governor
55 showing, with respect to the preceding calendar year:
56 (c) Names of insurers against which delinquency or similar
57 proceedings were instituted., For property insurers for which
58 the delinquency or similar proceedings were instituted, the
59 annual report must also include the date that each
60
61 ================= T I T L E A M E N D M E N T ================
62 And the title is amended as follows:
63 Delete lines 67 - 70
64 and insert:
65 revising the information the office must include in a
66 certain annual report; amending s. 624.315, F.S.;
67 revising the