5489441, 69J-2.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5489441

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Consumer Services

Chapter:

MEDIATED CLAIM RESOLUTON

Overview

RULE:

69J-2.003

Mediation Procedures for Resolution of Disputed Personal Lines Insurance Claims Arising from the 2004 and 2005 Hurricanes and Tropical Storms (Repealed)

PURPOSE:

The proposed rule defines terms used in the rule and in Section 627.7015, F.S., and specifies the information that shall be submitted by an insured in order to initiate mediation. This amendment also makes clerical revisions to the existing rule, and addresses other matters relating to the mediation program governed by the rule.

SUMMARY:

Definitions of “claim,” “dispute,” and “filed” are provided and procedures specified to clarify when the duty of an insurer to provide notice to an insured of the right to mediation attaches pursuant to Section 627.7015, F.S. The rule provides that an insurer must provide notice of the right to mediate within 5 business days of receiving a description of a dispute involving material fact regarding an insured’s reported hurricane loss, upon remitting a claim amount less than the lowest estimate submitted by the insured, with a notice of whole or partial denial, or if the insurer has not made a decision within 60 days of being informed about the loss.

RULEMAKING AUTHORITY:

624.308 FS.

LAW:

624.307, 627.7015 FS.

PRINT PUBLISH DATE:

4/11/2008 Vol. 34/15

COMMENTS:

From 4/11/2008 To 5/2/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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