18266766, 19-8.029 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 18266766

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.029	Insurer Reporting Requirements and Responsibilities
19-8.030	Insurer Responsibilities (Repealed)

PURPOSE:

The State Board of Administration, Florida Hurricane Catastrophe Fund, seeks to amend Rule 19-8.029, F.A.C., Insurer Reporting Requirements, and to repeal Rule 19-8.030, F.A.C., Insurer Responsibilities, to implement Section 215.555, Florida Statutes.

SUMMARY:

In general, Rule 19-8.029, F.A.C., Insurer Reporting Requirements, provides requirements relating to the reporting of exposures and losses, and Rule 19-8.030, F.A.C., Insurer Responsibilities, provides requirements relating to examination of insurer exposures and losses. The proposed amendments to Rule 19-8.029, F.A.C., retitle the Rule as “Insurer Reporting Requirements and Responsibilities,” and consolidate material from both rules in a single revised rule. As amended, Rule 19-8.029, F.A.C., Insurer Reporting Requirements and Responsibilities, adopts the Data Call and other applicable reporting requirements and  examination instruction forms for the 2017-2018 contract year, deletes obsolete or duplicative material, and provides additional clarification. Because of the consolidation of material from both rules in a single rule, the repeal of Rule 19-8.030, F.A.C., Insurer Responsibilities, is also proposed.

RULEMAKING AUTHORITY:

215.555(3), F.S.

LAW:

215.555(2), (3), (4), (5), (6), (7), (10), F.S.

PRINT PUBLISH DATE:

12/7/2016 Vol. 42/236

COMMENTS:

From 12/7/2016 To 12/28/2016 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-01193 Form FHCF-D1A, "Florida Hurricane Catastrophe Fund 2012 Data Call," rev. 05/12
Ref-02333 FHCF 2013 Data Call
Ref-03967 Florida Hurricane Catastrophe Fund 2014 Data Call, rev. 04/14
Ref-05323 Contract Year 2015 Interim Loss Report, Florida Hurricane Catastrophe Fund (FHCF), FHCF-L1A, rev. 05/15
Ref-05325 Contract Year 2015 Detailed Claims Listing Instructions, FHCF-DCL, rev. 05/15
Ref-06501 Contract Year 2016 Interim Loss Report, Florida Hurricane Catastrophe Fund
Ref-06503 Contract Year 2016 Detailed Claims Listing Instructions, Florida Hurricane Catastrophe Fund

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