Florida Senate - 2022                        COMMITTEE AMENDMENT
       Bill No. SB 2-D
       
       
       
       
       
       
                                Ì624398TÎ624398                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  05/23/2022           .                                
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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