The ratings issue has come at a turbulent time in Florida's property-insurance market, as carriers have shed policies and sought large rate increases because of financial losses.
The filing listed a series of issues, including saying that the insurer's "assets if made immediately available are insufficient to pay all of its liabilities."
Under one plan, deductibles wouldn't apply if roofs are damaged in named hurricanes, homes are total losses or roofs can be repaired without being replaced.