To enact the changes to Section 627.062(2)(j)2., F.S., made during the 2024 session, Rule 69O-170.0135 is being amended to require that, if the insurer is using an averaged hurricane model, a statement be included stating that the same average is being used statewide and to indicate if the model is a weighted averaged. If a weighted averaged model is being used, the actuarial memorandum must also include an actuarial justification showing the averaged model results in a rate that is reasonable, adequate, and fair.