FL S0178

Exempts specific commercial insurance lines from rate filing and approval requirements, including general liability, nonresidential property, excess property, burglary and theft, and other categories determined by the Office of Insurance Regulation.

Requires insurers and rating organizations to notify the Office of Insurance Regulation within 30 days of rate changes, but reduces reporting requirements by removing the need to disclose total premium written in the preceding year.

Changes record retention requirements from indefinite to 2 years after the effective date of rate changes for actuarial data used to support rates.

Permits the Office of Insurance Regulation to require insurers and rating organizations to pay examination costs associated with rate reviews, eliminating the previous language allowing the office to require information at the insurer's expense.

Removes the fleet size threshold (20 or more vehicles) from the commercial motor vehicle insurance exemption, making it apply to all commercial motor vehicle insurance.