Resolution 097-1970
RESOLUTION NO.
97 -1970
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, feels that the windstorm insurance rates in Monroe County are
excessive and work an undue hardship on the citizens of Monroe County,
and
WHEREAS, said excessive rates were the result of an approved
rate increase in 1968 by the State Insurance Commission in an effort to
induce carriers to write windstorm insurance in Monroe County, Florida,
and
WHEREAS, carriers did not respond and write said windstorm in-
surance in support of the excessive rate, and
WHEREAS, the Florida State Legislature, in the 1970 session passed
an Act making it mandatory for insurance companies to provide windstorm
coverage in Monroe County, Florida, and
WHEREAS, said Board feels that the exces sive rate increase is not
justified inasmuchas a hurricane has not caused any damage in almost 4
years in said County,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA, that the State Insurance Commissioner
be, and he is hereby requested to hold an emergency public hearing m
Monroe County, for the following purposes:
(1) To consider reducing the windstorm insurance rates In
said County by at least 20%.
(2) To reduce windstorm insurance rates in said County
by at least 50% for those persons covered by flood
insurance, which has now been made available in
said County by the Federal Government.
(3) To consider establishing a more equitable means of
promulgating windstorm insurance rates in Monroe County.
BE IT FURTHER RESOLVED BY SAID BOARD that the clerk of said
Board be, and he is hereby authorized to forward a certified copy of this
Resolution to the Florida State Insurance Commission.
Dated
October 13th
J 1970.