Property and Casualty Product Review

COMMON QUESTIONS THAT MUST BE ADDRESSED
IN HOMEOWNERS RATE/RULE FILINGS

• If these questions are addressed, a filing can be reviewed in a more timely manner.
• Have you included credits for a sprinkler system (home and business) per F.S. 626.0654?
• Have you included credit for mobile homes built to new ASCE 7-88 standards per F. S. 627.0629 (2)?
• Have you included the minimum $500 wind (hurricane) deductible & optional 2% wind (hurricane) deductible or optional maximum 3% wind (hurricane) for commercial residential risks per F.S. 627.701?
• Have you included the appropriate hurricane shutter credits per F.S. 627.0629?
• Have you revised ex-wind credits and provided appropriate support? (Increased wind load should be reflected as higher credits applied when wind is excluded form the policy.)
• Have you included a catastrophe load factor and supporting calculations?
• Is the rate filing in compliance with F.S. 627.0629(2)(a), regarding ISO "Building Code Effectiveness Grading Schedule?" [ISO (copyright)H-95-OBGS1, DF-95-OBGS1, CF-95OBGS1, B-95-OBGS1.]