FL S0410

Amends Florida statute 627.0651 to deem the use of a single United States Postal Service zip code or combination of zip codes as a rating territory for motor vehicle insurance rates unfairly discriminatory.

Removes the previous requirement that insurers file rate justifications incorporating actual or expected loss and loss adjustment expense experience to use zip codes as rating territories.

Eliminates the requirement for the Office of Insurance Regulation to review zip code-based rate filings to ensure rates are not excessive, inadequate, or unfairly discriminatory.

Takes effect July 1, 2018.