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Commercial Lines Bulletin

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2024 Commercial Lines Rate Cap Change

The Florida Office of Insurance Regulation (OIR) has approved changes for all Commercial Lines policies that may result in an increase to the statutory maximum allowable individual rate change cap (“glide path”).

Per Florida law, Citizens’ annual base rates cannot increase by more than 13% for new and renewal policies effective on or after March 1, 2024, excluding:

  • Coverage changes
  • Mitigation adjustments
  • A-rated risks
  • Required surcharges and assessments
  • A required rapid cash-build-up provision for the Florida Hurricane Catastrophe Fund (FHCF) if applicable.

The Rates and Rating manuals have been updated as needed.


  • This capping factor change is separate from the rate increase announced on October 9.
  • As a result of Senate Bill 76, Citizens began increasing the capped glide path on rate increases by 1% annually until the cap reaches 15% in 2026.


Log in to the Agents website and select Commercial, and:

  • Select one of the four policy forms on the page to access the Rating Worksheets via the center menu.
  • Select the Rate Changes by Territory charts in the Spotlight section, on the right side of the page.

Legal Disclaimer

Citizens provides agent communications online for historical purposes only, and the communications have not been updated to include any changes that may have been made after publication. Agents can find the latest information by reviewing the applicable underwriting manuals, and by logging in and accessing our FAQs, which are available from the top of any page on our website.