FL S0096

Requires Citizens Property Insurance Corporation to file recommended rates with the Office of Insurance Regulation at least annually, with the office issuing a final order within 45 days.

Applies the 10 percent annual rate increase cap to both new and existing policies, excluding sinkhole coverage, coverage changes, and surcharges.

Deletes obsolete provisions relating to rate filings that took effect January 1, 2007, and rate requirements for 2007-2008.

Maintains that rates must be actuarially sound and subject to section 627.062, with the public hurricane loss-projection model serving as a minimum benchmark for windstorm portions of rates.