Florida’s residential property insurance reporting requirements changed significantly on January 1, 2025. The Rapid Market Intelligence Supplemental Reporting system (RMISR) replaced the legacy QUASR platform and introduced a new cadence, new geographic granularity, and new compliance timelines that every admitted carrier writing residential property in Florida must understand.
What is RMISR?
RMISR stands for the Rapid Market Intelligence Supplemental Reporting system. It is the current data collection platform operated by the Florida Office of Insurance Regulation (OIR) for residential property insurance market data. RMISR replaced the previous Quarterly and Supplemental Reporting System (QUASR) effective January 1, 2025, and the last QUASR report covered Q4 2024.
The legal foundation is unchanged: Section 624.424(10) of the Florida Statutes requires every admitted insurer or insurer group writing residential property business in Florida to file supplemental market data reports. What changed is how frequently that data must be filed, and how precisely it must be reported.
Monthly Filing, Zip Code Precision
This is the most consequential operational shift. Under QUASR, carriers filed quarterly (once every 90 days) at the county level across Florida’s 67 counties. RMISR changes both dimensions:
- Reporting frequency: Monthly (12 filings per year, up from 4)
- Geographic granularity: ZIP code level (up from county level)
- Due date: Reports are due on or before the last day of the month following the reporting period — January data is due by February 28, February data by March 31, and so on
- Filing platform: The OIR’s Industry Portal, consistent with other electronic regulatory filings
The move to ZIP-code-level reporting means carriers can no longer aggregate exposure across an entire county for reporting purposes. Policies, premiums, claims, cancellations, and insured values must now be broken out by individual ZIP code, a meaningful increase in data granularity that requires more sophisticated internal data architecture.
What Data Must be Reported
RMISR covers 13 distinct lines of residential property business. For each reporting period, carriers are required to submit ZIP-code-level data including:
- Total policies in force at the end of each month
- New policies written during the period
- Policies canceled or non-renewed
- Written premiums by line of business
- Total insured values and exposures
- Claims filed and claims closed
- Alternative dispute resolution activity
The OIR publishes aggregated statewide data derived from these filings, consistent with its long-standing practice under the prior QUASR framework. Carriers whose data is competitively sensitive should review their trade secret designations under RMISR. The rules governing ZIP-code-level disclosure and aggregation continue to evolve from the framework established under the prior system.
Who Must File
All admitted insurers and insurer groups writing residential property insurance in Florida are subject to RMISR requirements. This includes standard personal lines homeowners carriers, commercial residential property writers, and insurer groups filing on a combined basis.
Surplus lines carriers are not subject to RMISR, as they operate outside the admitted market. Surplus lines market data is captured separately through the Florida Surplus Lines Service Office (FSLSO).
The Compliance Stakes
Non-compliance with RMISR carries the same consequences as non-compliance with its predecessor. Under Section 624.424(5) of the Florida Statutes, the OIR may refuse to continue, suspend, or revoke a certificate of authority for failure to file required reports on time. For an admitted carrier, certificate action is an existential risk, not a procedural inconvenience.
Monthly filing also means there are twelve opportunities per year for a compliance gap to emerge. Organizations that managed QUASR compliance through annual or quarterly processes need to build the operational infrastructure for a monthly production cadence.
What Florida Insurers Should Do Now
If your organization has not already operationalized RMISR compliance, the following areas warrant immediate attention:
- Data architecture: Can your policy administration system produce ZIP-code-level policy counts, premiums, and claims data on a monthly close cycle? If your system aggregates data at the county level or requires manual extraction, that gap needs to be addressed structurally.
- Process design: Monthly regulatory filings require repeatable, auditable workflows (not ad hoc data pulls). Define ownership, build a production calendar, and establish QA checkpoints before each submission deadline.
- Trade secret review: If your organization filed trade secret designations under QUASR for county-level data, those designations may need to be revisited under RMISR’s ZIP-code framework.
- FLOIR resources: The FLOIR has published updated filing instructions, FAQ documents, and glossaries for 2025 and 2026 reporting on its data call reporting page. Review these before your next filing cycle.
About WaterStreet
WaterStreet Company’s cloud-based policy administration platform is designed to capture structured, granular data at the point of policy transaction, including geographic identifiers that support regulatory reporting requirements like RMISR. Built-in Business Intelligence capabilities give compliance and actuarial teams direct access to the data they need — without custom extract projects for each filing cycle.
To learn more about how WaterStreet supports Florida carriers navigating RMISR and other state reporting requirements, visit waterstreetcompany.com.
Reach out to WaterStreet Company today to request a consultation and demo.
Sources:
Florida Statutes § 624.424(10) — Supplemental reports, residential property insurance
Florida Statutes § 624.424(5) — Penalty provisions for failure to file
Florida OIR, RMISR Filing Instructions and FAQ — 2025 and 2026 reporting cycles
Florida OIR Industry Portal — Electronic regulatory filing platform
