FL S1664

Requires the Florida Office of Insurance Regulation's annual report to the Legislature and Governor to include financial strength ratings from independent rating agencies for property insurers against which delinquency or similar proceedings were instituted, covering the 8 fiscal quarters prior to those proceedings

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

Defines "independent rating agency" as an entity that issues unbiased ratings without insurer consent or payment, is free from insurer ownership or control, and cannot be influenced by rated insurers

Requires the Office of Insurance Regulation to maintain and make available upon request quarterly financial strength ratings for each property insurer, including quarter-to-quarter rating changes, the number of downgrades, subsequent upgrades, and how many downgraded companies faced delinquency proceedings

Effective date is July 1, 2026