FL H0649

Annual reports from the Office of Insurance Regulation must include financial strength ratings from the previous 8 fiscal quarters for property insurers that entered delinquency proceedings, along with dates of impairment/insolvency and circumstances leading to delinquency

Defines "financial strength rating" as an objective evaluation of a property insurer's assets, liabilities, net worth, financial health, performance, and risk by an independent rating agency

Independent rating agencies must issue ratings without insurer consent or payment, remain free from insurer ownership or control, and maintain no business relationships with rated insurers

Office of Insurance Regulation must maintain and make available quarterly financial strength ratings for all property insurers, including rating changes, downgrades, subsequent upgrades, and delinquency outcomes

Effective date: July 1, 2026