In Florida, which of the following is a requirement for insurance companies regarding their financial practices?

In Florida, insurance companies are required to conduct annual financial audits as part of their regulatory obligations. This requirement ensures that insurers maintain transparency and stability in their financial practices. Annual audits provide a comprehensive review of the company's financial statements, allowing regulators to assess the company's solvency, compliance with statutory requirements, and overall financial health. This practice is crucial for protecting policyholders and maintaining confidence in the insurance market, as it helps to mitigate the risk of company insolvency and ensures that insurers can meet their obligations to policyholders.

Other choices, while potentially relevant to the operational processes of a business, do not reflect mandated requirements for insurance companies in Florida. For instance, monthly performance reviews, quarterly rate adjustments, and weekly market assessments are not specified by law or regulation as necessary actions for insurance companies, and thus do not fulfill the regulatory framework established by state law.