Property Insurer Financial Strength Ratings

Summary

The bill adds definitions for financial strength ratings and independent rating agencies, then obligates the Office of Insurance Regulation to produce an annual report to legislative leaders and the governor. The report must list property insurers that faced delinquency or similar actions, include their rating history for the eight quarters before the action, and summarize the circumstances and outcomes. It also requires the office to keep quarterly rating data available on request.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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