HB 799 2023
CODING: Words stricken are deletions; words underlined are additions.
hb0799-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to wind uplift prevention 2
consideration in residential property insurance rate 3
filing; amending s. 627.062, F.S.; requiring 4
residential property insurance rate filings to account 5
for windstorm mitigation measures undertaken by 6
policyholders; amending s. 627.0629, F.S.; requiring 7
wind uplift prevention to be included in windstorm 8
damage mitigation techniques for residential prop erty 9
insurance rate filings; providing an effective date. 10
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Be It Enacted by the Legislature of the State of Florida: 12
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Section 1. Paragraph (j) of subsection (2) of section 14
627.062, Florida Statutes, is amended to read: 15
627.062 Rate standards. — 16
(2) As to all such classes of insurance: 17
(j) With respect to residential property insurance rate 18
filings, the rate filing must account for mitigation measures 19
undertaken by policyholders to reduce hurricane losses and 20
windstorm losses. 21
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The provisions of this subsection do not apply to workers' 23
compensation, employer's liability insurance, and motor vehicle 24
insurance. 25
HB 799 2023
CODING: Words stricken are deletions; words underlined are additions.
hb0799-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
Section 2. Subsection (1) of section 627.0629, Florida 26
Statutes, is amended to read: 27
627.0629 Residential property insurance; rate fi lings.— 28
(1) It is the intent of the Legislature that insurers 29
provide savings to consumers who install or implement windstorm 30
damage mitigation techniques, alterations, or solutions to their 31
properties to prevent windstorm losses. A rate filing for 32
residential property insurance must include actuarially 33
reasonable discounts, credits, or other rate differentials, or 34
appropriate reductions in deductibles, for properties on which 35
fixtures or construction techniques demonstrated to reduce the 36
amount of loss in a windstorm have been installed or 37
implemented. The fixtures or construction techniques must 38
include, but are not limited to, fixtures or construction 39
techniques that enhance wind uplift prevention, roof strength, 40
roof covering performance, roof -to-wall strength, wall-to-floor-41
to-foundation strength, opening protection, and window, door, 42
and skylight strength. Credits, discounts, or other rate 43
differentials, or appropriate reductions in deductibles, for 44
fixtures and construction techniques that meet the m inimum 45
requirements of the Florida Building Code must be included in 46
the rate filing. The office shall determine the discounts, 47
credits, other rate differentials, and appropriate reductions in 48
deductibles that reflect the full actuarial value of such 49
revaluation, which may be used by insurers in rate filings. 50
HB 799 2023
CODING: Words stricken are deletions; words underlined are additions.
hb0799-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
Section 3. This act shall take effect July 1, 2023. 51