December 07, 2019
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       Florida Senate - 2010         (PROPOSED COMMITTEE BILL) SPB 7052
       
       
       
       FOR CONSIDERATION By the Committee on Banking and Insurance
       
       
       
       
       597-01655-10                                          20107052__
    1                        A bill to be entitled                      
    2         An act relating to a review under the Open Government
    3         Sunset Review Act; amending s. 627.06292, F.S.,
    4         relating to an exemption from public-records
    5         requirements for reports of hurricane loss data and
    6         associated exposure data that are specific to a
    7         particular insurance company; requiring the Florida
    8         International University center to annually publish a
    9         report summarizing loss data and associated exposure
   10         data collected from residential property insurers and
   11         licensed rating and advisory organizations; requiring
   12         the center to file the report with the Governor and
   13         Legislature; saving the exemption from repeal under
   14         the Open Government Sunset Review Act; deleting
   15         provisions that provide for the repeal of the
   16         exemption; providing an effective date.
   17  
   18  Be It Enacted by the Legislature of the State of Florida:
   19  
   20         Section 1. Section 627.06292, Florida Statutes, is amended
   21  to read:
   22         627.06292 Reports of hurricane loss data and associated
   23  exposure data; public records exemption.—
   24         (1) Reports of hurricane loss data and associated exposure
   25  data that are specific to a particular insurance company, as
   26  reported by an insurer or a licensed rating organization to the
   27  office or to a center at a state university pursuant to s.
   28  627.06281, are exempt from s. 119.07(1) and s. 24(a), Art. I of
   29  the State Constitution.
   30         (2) For the purposes of this section, “loss data and
   31  associated exposure data” means the type, age, wind mitigation
   32  features, and location of each property insured; the amount and
   33  type of coverage written on each of those properties; the
   34  amount, date, and type of damage paid for by the insurer on each
   35  property; and the amount of any reserves held by an insurer for
   36  future payments or expenses on damages associated with the date
   37  or dates of occurrence of hurricanes.
   38         (3) On October 1, 2011, and each subsequent October 1, the
   39  Florida International University center that develops,
   40  maintains, and updates the public model for hurricane loss
   41  projections shall publish a report summarizing loss data and
   42  associated exposure data collected from residential property
   43  insurers and licensed rating and advisory organizations. The
   44  Florida International University center shall annually submit
   45  the report on or before October 1 to the Governor, the President
   46  of the Senate, and the Speaker of the House of Representatives.
   47         (a) Such report must include a summary of the data supplied
   48  by residential property insurers and licensed rating and
   49  advisory organizations from September 1 of the prior year to
   50  August 31 of the current year, including:
   51         1. The total amount of insurance written by county.
   52         2. The number of property insurance policies by county.
   53         3. The number of property insurance policies by county and
   54  by construction type.
   55         4. The number of property insurance policies by county and
   56  by decade of construction.
   57         5. The number of property insurance policies by county and
   58  by deductible amount.
   59         6. The number of property insurance policies by county and
   60  by wind mitigation features when the information is supplied by
   61  the residential property insurer or licensed rating and advisory
   62  organization.
   63         7. The total amount of hurricane losses by county and by
   64  decade of construction.
   65         8. The total amount of hurricane losses by county and by
   66  deductible amount.
   67         9. The total amount of hurricane losses by county and by
   68  wind mitigation features when the information is supplied by the
   69  residential property insurer or licensed rating and advisory
   70  organization.
   71         (b) Separate compilations shall be presented of the data
   72  obtained in order to use the public model for calculating rate
   73  indications and to update, validate, or calibrate the public
   74  model. Additional detail and a description of the operation and
   75  maintenance of the public model may be included in the report.
   76         (c) The report may not contain any information that
   77  identifies a specific insurer or policyholder.
   78         (3)This section is subject to the Open Government Sunset
   79  Review Act in accordance with s. 119.15, and shall stand
   80  repealed on October 2, 2010, unless reviewed and saved from
   81  repeal through reenactment by the Legislature.
   82         Section 2. This act shall take effect October 1, 2010.

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