Florida 2025 Regular Session Status: In Committee 1 R cosponsors

SB 888 — Consumer Transparency for Homeowners’ Insurance

Last action — Died in Appropriations Committee on Agriculture, Environment, and General Government

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Consumer Transparency for Homeowners’ Insurance; Requiring that certain rate filings with the Office of Insurance Regulation from residential property insurers include rate transparency reports; requiring insurers to provide such reports to consumers; requiring the office to establish and maintain a comprehensive resource center on its website; specifying that certain information is not a trade secret and is not subject to certain public records exemptions, etc.

Bill Text

What changed in the latest version

205 added · 26 removed

205 line(s) added, 26 removed.

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Florida Senate - 2025 SB 888 By Senator Avila 39-00715-25 2025888__ A bill to be entitled An act relating to consumer transparency for homeowner’s insurance;
Florida Senate - 2025 CS for SB 888 By the Committee on Banking and Insurance;
creating s.
and Senator Avila 597-02811-25 2025888c1 A bill to be entitled An act relating to consumer transparency for homeowners’ insurance;
624.37, F.S.;
amending s.
requiring the Office of Insurance Regulation to provide a consumer guide relating to homeowner’s insurance on a publicly accessible website;
627.0621, F.S.;
specifying requirements for such guide;
requiring that certain rate filings with the Office of Insurance Regulation from residential property insurers include rate transparency reports;
providing for acceptance or rejection by the office of such reports;
providing construction;
providing requirements for such reports;
requiring insurers to provide such reports to consumers;
requiring that the report indicate that it is preliminary and subject to modification by the office under certain circumstances;
requiring the office to define terms used in such reports;
requiring the office to establish and maintain a comprehensive resource center on its website;
providing requirements for the resource center;
specifying that certain information is not a trade secret and is not subject to certain public records exemptions;
Section 624.37, Florida Statutes, is created to read:
Present subsection (2) of section 627.0621, Florida Statutes, is redesignated as subsection (3) and amended, and a new subsection (2) is added to that section, to read:
624.37 Consumer transparency for homeowner’s insurance.—The office shall, on a publicly accessible website, provide a consumer guide relating to homeowner’s insurance which includes all of the following information:
627.0621 Transparency in rate regulation.— (2) RATE TRANSPARENCY REPORT.— (a) Beginning October 1, 2025, every rate filing requesting Page 1 of 7 CODING:
(1) General information regarding homeowner’s insurance policies.
Words stricken are deletions;
(2) The types of homeowner’s insurance policies and the coverage provided under each type.
words underlined are additions.
(3) A comparison of the annual homeowner’s insurance premiums for each insurer in this state.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 a rate change for residential property coverage from a property insurer must include a rate transparency report for acceptance for use or modification by the office.
The office may accept the rate transparency report for filing, or if the office finds that the report fails to provide the required information in concise and plain language that aids consumers in their understanding of insurance, or finds the report to be misleading, the office must return the rate transparency report to the property insurer for modification.
The office’s acceptance of the report for use or modification may not be deemed approval pursuant to s.
627.062.
The report must be compiled in a uniform format prescribed by the commission and must include a graphical representation identifying a percentage breakdown of rating factors anticipated by the company, book, or program affected by the filing.
(b) Along with an offer of coverage and upon renewal, an insurer must provide the corresponding copy of the rate transparency report for the consumers’ offered rate to aid consumers in their understanding of insurance.
If the report has not been accepted for use or modified by the office, the report must indicate that it is preliminary and subject to modification by the office.
(c) The rate transparency report must include the following categories of the book or program at the cumulative level:
1.
The percentage of the total rate factor associated with the cost of reinsurance.
2.
The percentage of the total rate factor associated with the cost of claims.
3.
The percentage of the total rate factor associated with the defense containment and costs.
Page 2 of 7 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 4.
The percentage of the total rate factor associated with fees and commissions.
5.
The percentage of the rate factor associated with profit and contingency of the insurer.
6.
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Any other categories deemed necessary by the office or commission.
An estimated percentage of the influence of each listed factor provided must equal 100 percent.
(d) The insurer shall provide the rate transparency report to the office upon the filing of a rate change with the office.
(e) In addition to the categories required in paragraph (c), the rate transparency report must also include the following information:
1.
Any major adverse findings by the office for the previous 3 calendar years.
2.
Whether the insurer uses affiliated entities to perform functions of the insurer.
3.
Contact information, including a telephone number, hours of service, and e-mail address, for the Division of Consumer Services of the department.
4.
Contact information for the office.
5.
Address for the website for public access to rate filing and affiliate information outlined in subsection (3).
6.
Any changes in the total insured value from the last policy period.
(f) The office shall define, in concise and plain language, any terms used in the rate transparency report to aid consumers in their understanding of insurance.
Page 3 of 7 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 (3)(2) WEBSITE FOR PUBLIC ACCESS TO RATE FILING INFORMATION.— (a) The office shall establish and maintain a comprehensive resource center on its website which uses concise and plain language to aid consumers in their understanding of insurance.
The website must include substantive information on the current and historical dynamics of the market, data concerning the financial condition and market conduct of insurance companies, and insurance options available to consumers.
At a minimum, the website must contain the following:
1.
Reports, using graphical information whenever possible, which outline information about the state of the market and adverse and positive trends affecting it.
2.
Tools that aid consumers in finding insurers, including, but not limited to, a listing of all companies actively doing business in this state which includes each company’s address, website, and all phone numbers and e-mail addresses to be used by insureds and applicants for coverage.
3.
Tools that aid consumers in selecting the coverages beneficial to them, including, but not limited to:
a.
Educational materials that explain the types of coverage in residential property insurance policies;
the difference between replacement cost reimbursement and actual cash value reimbursement;
a glossary of common terms used in policies;
and a comparison of the coverage, terms, conditions, and exclusions contained in different homeowners and dwelling fire forms.
b.
Answers to commonly asked questions about residential property insurance coverage.
4.
Information about mitigation credits and the My Safe Page 4 of 7 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 Florida Home Program, as well as other credits and discounts insurers may offer beyond wind mitigation.
5.
Access to the rate transparency report, annual statements, market conduct information, and other information related to each insurer.
6.
Information on the Citizens Property Insurance Corporation takeout process, the clearinghouse, and general information as reported by the office.
7.
Information on the claims process, including, but not limited to:
a.
Clear, step-by-step guidance on how to file a claim, what to expect during the claim process, and timelines for resolution of a claim.
b.
The obligations of insurers and insureds related to claim reporting, claim handling, communications regarding claims, claim investigations, claim decisions, and claim payments.
c.
For each insurer with active policies in this state, the means by which to report a claim, including any phone numbers, e-mail addresses, and website addresses, used for claim reporting.
8.
Information on consumer protection, including, but not limited to:
a.
The rights of insureds under Florida law related to obtaining coverage;
coverage renewals, nonrenewals, and cancellations;
and mandated offers of coverage.
b.
Information on how to file consumer complaints with the Division of Consumer Services in the Department of Financial Services.
Page 5 of 7 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 9.
Information on news and updates relevant to consumers regarding this state’s residential property insurance market, including regulatory changes, information on insurers that enter or exit the market, and industry trends.
10.
Disaster preparedness information directly related to insurance, prepared by the office or by the Division of Emergency Management.
11.(a) With respect to any residential property rate filing, the office shall provide the following information on a publicly accessible Internet website:
a.1.
The overall rate change requested by the insurer.
b.2.
The rate change approved by the office along with all of the actuary’s assumptions and recommendations forming the basis of the office’s decision.
c.3.
Certification by the office’s actuary that, based on the actuary’s knowledge, his or her recommendations are consistent with accepted actuarial principles.
d.
Whether the insurer uses affiliated entities to perform administrative, claims handling, or other functions of the insurer and, if so, the total percentage of direct written premium paid to the affiliated entities by the insurer in the preceding calendar year.
(b) For any rate filing, regardless of whether or not the filing is subject to a public hearing, the office shall provide on its website a means for any policyholder who may be affected by a proposed rate change to send an e-mail regarding the proposed rate change.
Such e-mail must be accessible to the actuary assigned to review the rate filing.
(c) The statewide average requested rate change and final Page 6 of 7 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2025 CS for SB 888 597-02811-25 2025888c1 approved statewide average rate change within a filing is not a trade secret as defined in s.
688.002 or s.
812.081(1) and is not subject to the public records exemption for trade secrets provided in s.
119.0715 or s.
624.4213.
(d) County rating examples submitted to the office through the rate collection system for the purposes of displaying rates on the office website are not a trade secret as defined in s.
688.002 or s.
812.081(1) and are not subject to the public records exemption for trade secrets provided in s.
119.0715 or s.
624.4213.
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Action History

  1. Died in Appropriations Committee on Agriculture, Environment, and General Government

  2. Indefinitely postponed and withdrawn from consideration

  3. CS by Banking and Insurance read 1st time

  4. Now in Appropriations Committee on Agriculture, Environment, and General Government

  5. Pending reference review under Rule 4.7(2) - (Committee Substitute)

  6. CS by Banking and Insurance; YEAS 9 NAYS 0

  7. On Committee agenda-- Banking and Insurance, 03/25/25, 8:30 am, 412 Knott Building

  8. Introduced

  9. Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy

  10. Filed

Sponsors

  • Banking and Insurance · Primary
  • Vacant · Primary

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 162 not signed on

Sponsors (2)

  • Banking and Insurance
  • Vacant Republican

Co-sponsors (0)

None.

Not signed on (162)

162 members have not signed on to this bill.

Show all 162 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Favorable with Committee Substitute

Passed 9 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 6000
Democrat 2000
Unaffiliated 1000
No Party Affiliation 0001
Total 9001
% of votes cast 90%0%0%10%
How each member voted (10)
Member Party Vote
Ingoglia — Yea
Osgood, Rosalind Democrat Yea
Sharief, Barbara Democrat Yea
Pizzo, Jason W. B. No Party Affiliation Not Voting
Boyd, Jim Republican Yea
Burton, Colleen Republican Yea
Hooper, Ed Republican Yea
Martin, Jonathan Republican Yea
Passidomo, Kathleen Republican Yea
Truenow, Keith L. Republican Yea

Official roll call →

Subjects

finance housing health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 888 do?
Consumer Transparency for Homeowners’ Insurance; Requiring that certain rate filings with the Office of Insurance Regulation from residential property insurers include rate transparency reports; requiring insurers to provide such reports to consumers; requiring the office to establish and maintain a comprehensive resource center on its website; specifying that certain information is not a trade secret and is not subject to certain public records exemptions, etc.
Who sponsors SB 888?
SB 888 is sponsored by Banking and Insurance and Vacant (Republican).
What is the current status of SB 888?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 888?
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