Bill > S0114

Introduced Session

An act relating to insurance research; amending s. 1004.647, F.S.; renaming the Florida Catastrophic Storm Risk Management Center to the Florida Center for Excellence in Insurance and Risk Management; revising the purpose of the center; revising the duties of the center; providing areas of interest for research; requiring the center to collaborate with the Office of Insurance Regulation to produce an annual report analyzing the property insurance market in this state; requiring that the report be published by a specified date and updated at least biennially; requiring the center to develop a program with the office and the Actuarial Science Program at Florida State University for a specified purpose; requiring the center to use the public hurricane loss projection model when necessary; requiring the center to conduct research in response to inquiries from the Legislature; authorizing the center to conduct research in response to requests from the office; amending s. 627.06281, F.S.; requiring the office to contract with the center to manage the public hurricane loss projection model; requiring the center to update the model; providing that certain fees charged for access and use of the model do not apply to the Florida Center for Excellence in Insurance and Risk Management; providing for a type two transfer of the public hurricane loss projection model from Florida International University to Florida State University; amending s. 627.06292, F.S.; making conforming changes; providing an effective date.

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Jay Trumbull (R)*, 

Died in Messages (on 06/16/2025)

Official Document