Notice of Development of Rulemaking

STATE BOARD OF ADMINISTRATION
RULE NO.: RULE TITLE:
19-8.010: Reimbursement Contract
PURPOSE AND EFFECT: The State Board of Administration of Florida, Florida Hurricane Catastrophe Fund (FHCF), seeks to amend the rule listed above to implement Section 215.555, F.S., as amended by the 2011 Legislature.
SUBJECT AREA TO BE ADDRESSED: Implementation of 2011 legislative changes to Section 215.555, F.S., in CS/CS/CS/SB 408, which became law on May 17, 2011. This law necessitates changes to the 2011/2012 Reimbursement Contract to redefine losses reimbursable by the FHCF and to clarify exclusions from coverage. The only change to the rule is the revision date for the Reimbursement Contract. The legislative changes are implemented through an Addendum Number Four to the 2011/2012 Reimbursement Contract. The proposed changes to the rule and a draft of the Addendum are available on the FHCF website at www.sbafla.com/fhcf under FHCF Rules.
RULEMAKING AUTHORITY: 215.555(3) FS.
LAW IMPLEMENTED: 215.555 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Tracy Allen, 1801 Hermitage Blvd, Tallahassee, FL 32308, (850)413-1341, tracy.allen@sbafla.com

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.