Exams / Florida Public Adjuster License / Fla. Stat. §627.06292

Fla. Stat. §627.06292 — what it says, and how the exam tests it

This section is cited by 3 of our practice questions and is tested on 2 exams including the Florida Public Adjuster License.

The text

627.06292 Reports of hurricane loss data and associated exposure data; public records exemption. — (1) Reports of hurricane loss data and associated exposure data that are specific to a particular insurance company, as reported by an insurer or a licensed rating organization to the office or to a center at a state university pursuant to s. 627.06281, are exempt from s. 119.07(1) and s. 24(a), Art. I of the State Constitution. (2) For the purposes of this section, “loss data and associated exposure data” means the type, age, wind mitigation features, and location of each property insured; the amount and type of coverage written on each of those properties; the amount, date, and type of damage paid for by the insurer on each property; and the amount of any reserves held by an insurer for future payments or expenses on damages associated with the date or dates of occurrence of hurricanes. (3) Each year, on October 1, the Florida International University center that develops, maintains, and updates the public model for hurricane loss projections shall publish a report summarizing loss data and associated exposure data collected from residential property insurers and licensed rating and advisory organizations. The Florida International University center shall submit the report annually, on or before October 1, to the Governor, the President of the Senate, and the Speaker of the House of Representatives. (a) Such report must include a summary of the data supplied by residential property insurers and licensed rating and advisory organizations from September 1 of the prior year to August 31 of the current year, and must include the following information: 1. The total amount of insurance written by county. 2. The number of property insurance policies by county. 3. The number of property insurance policies by county and by construction type. 4. The number of property insurance policies by county and by decade of construction. 5. The number of property insurance policies by county and by deductible amount. 6. The number of property insurance policies by county and by wind mitigation features when the information is supplied by the residential property insurer or licensed rating and advisory organization. 7. The total amount of hurricane losses by county and by decade of construction. 8. The total amount of hurricane losses by county and by deductible amount. 9. The…

Public record. Read the full, current section at the official source: www.leg.state.fl.us

How it comes up on the exam

Practice questions written from this section — answers and explanations are in the drill.

  1. Under Florida law, reports of hurricane loss data and associated exposure data that are specific to a particular insurance company are exempt from which provision?
    drill Residual Markets →
  2. Under Fla. Stat. §627.06292, the annual report summarizing hurricane loss data and associated exposure data collected from residential property insurers must be published each year on what date?
    drill Selected Florida Statutes and Rules →
  3. Under Florida law, reports of hurricane loss data specific to a particular insurance company, as reported to the office or a state university center, have what legal status regarding public access?
    drill Florida Statutes, Rules and Regulations Pertinent to Personal Lines Insurance →

Exams that test this section