FL S2084

Amends Section 635.042, Florida Statutes to allow the Commissioner of Insurance Regulation to grant temporary exceptions to surplus requirements for mortgage guaranty insurers upon written request if the insurer's financial position is reasonable relative to aggregate insured risk and financial needs.

Maintains minimum surplus requirement of not less than the greater of $4 million or 10 percent of total outstanding liabilities (capped at $100 million surplus to policyholders).

Retains requirement that total outstanding aggregate exposure net of reinsurance cannot exceed 25 times the insurer's paid-in capital, surplus, and contingency reserve combined.

Requires mortgage guaranty insurers to disclose total aggregate exposure net of reinsurance in audited financial reports.

Limits enforcement action by the Office of Insurance Regulation against noncomplying insurers to cases where no temporary exception has been granted under the new provisions.