NU Online News Service, May 26, 3:38 p.m. EDT

A Florida bill that would allow some insurers to charge rates above those approved by the Office of Insurance Regulation provided they meet certain capital requirements has drawn the ire of consumer groups.

In order to charge rates above those approved under H.B. 1171–also called the "consumer choice" bill–a carrier must have a surplus of at least $200 million and a ratio of net written premium to its surplus of no more than 2-to-1.

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