Property and Casualty Product
The Property and Casualty Product Review Unit enforces the provisions of
Chapters 627 and 626, Florida Statutes, and applicable rules, as they relate
to the review of Property and Casualty contracts and associated rates. The
principle function of the Unit is to review and act upon Property and
Casualty contracts and rate filings received from insurance companies and
related entities. As each filing is received, it is reviewed in order to
determine compliance with applicable actuarial standards, statutory
provisions, and administrative rules.
The Unit is responsible for the actuarial review of insurance company
rates and underwriting rules to ensure compliance with the Florida Insurance
Code. Of key importance is assuring that rates are not inadequate,
excessive, or unfairly discriminatory.