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Rule Hearings/Workshops

Rule Number/Title Summary of Rule Notice Workshop/Hearing Information
69O-137.008 Filing of Statistical and Quarterly Reports for Individually Rated Risks and Excess Rates

Draft Rule
OIR is updating the delivery method of the data in Form OIR-B1-588 from a hard copy form to being delivered in the OIR’s IRFS system. Notice

Publish Date: 9/28/2020
No workshop was requested.

No hearing was requested.
69O-142.015 Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters

Draft Rule
Subsection (1) is amended to change the manner in which insurers report certain information to OIR as a consequence of a hurricane or other natural disaster. Subsection (2) is amended to correct a typographical error that occurred when the rule was amended in 2017 and to cover only property and casualty insurance contracts. Subsection (3) is created to cover life and health insurance contracts. Notice

Publish Date: 9/28/2020
No workshop was requested.

Hearing was requested.

Hearing date will be published when finalized.
69O-143.0465 Group-wide Supervision of Internationally Active Insurance Groups

Draft Rule

69O-143.0466 Contents of Corporate Governance Annual Disclosure

Draft Rule
Rule 69O-143.0465 is created to implement the NAIC Holding Company System Regulatory Act #440.

Rule 69O-143.0466 is created to implement the NAIC Corporate Governance Annual Disclosure Model Act #305 and the NAIC Corporate Governance Annual Disclosure Model Regulation #306.
Notice

Publish Date: 9/28/2020
No workshop was requested.

No hearing was requested.
69O-149.006 Actuarial Memorandum

Draft Rule
An insurer may increase the target loss ratio for an individual or group policy form if it can justify the proposed change. An insurer may reduce the target loss ratio of an individual or group policy form upon demonstration and justification of an increase in administrative costs, but the reduction must comply with maximum amounts stated in the rule. Notice

Publish Date: 9/28/2020
A workshop was held on May 14, 2020 at 10:00 a.m.

No hearing was requested.
69O-171.010 Insurer Assignment Agreement Reporting – Calendar Year Experience

Draft Rule

Form OIR-B1-2221
Chapter 2019-57, Laws of Florida, created section 627.7152, F.S., which requires the Financial Services Commission to file a description of the program on a form and requires insurers to submit certain information to the Office. Rule 69O-171.010, F.A.C., is created to implement section 627.7152, F.S. Form OIR-B1-2221 is incorporated by reference and contains information insurers must report to the Office pursuant to the statute. Notice

Publish Date: 9/28/2020
A request for a workshop was withdrawn.

No hearing was requested.
69O-191.055 Actuarial Memorandum and Definitions

Draft Rule
A Health Maintenance Organization (HMO) may increase the target loss ratio for an individual or group policy form if it can justify the proposed change. An HMO may reduce the target loss ratio of an individual or group policy form upon demonstration and justification of an increase in administrative costs, but the reduction must comply with maximum amounts stated in the rule. Notice

Publish Date: 9/28/2020
No workshop was requested.

No hearing was requested.
69O-199.001 Purpose and Scope

69O-199.005 Financial Requirements Regarding the Funded, Unearned Premium Reserve Account

69O-199.008 General Eligibility Requirements

69O-199.010 License Renewal

69O-199.012 Annual Statement

69O-199.015 Forms Incorporated by Reference

Draft Rule

Forms
69O-199.001, 69O-199.010, and 69O-199.015 are repealed. Rule 69O-199.005, F.A.C., is amended to update the financial requirements. 69O-199.008 is amended to combine all application requirements in a single rule. 69O-199.012 is amended to update the annual statement requirements. Notice

Publish Date: 9/29/2020
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 Register.
69O-142.015 Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters

Draft Rule
Subsection (1) is amended to change the manner in which insurers report certain information to OIR as a consequence of a hurricane or other natural disaster. Subsection (2) is amended to correct a typographical error that occurred when the rule was amended in 2017 and to cover only property and casualty insurance contracts. Subsection (3) is created to cover life and health insurance contracts. Notice

Publish Date: 11/4/2020
No workshop was requested.

A hearing will be held on Thursday, November 12, 2020, at 10:00 a.m. The hearing will be held via a teleconference. To join by telephone, call (850)413-1558 and enter conference ID# 3243483.
69O-198.001 Purpose

69O-198.002 Scope

69O-198.005 Financial Requirements

69O-198.010 License Continuance

69O-198.011 Application for and Issuance of License

69O-198.012 Annual Statement

69O-198.013 Change in Corporate or Business Name

69O-198.015 Forms Incorporated by Reference

Draft Rule
69O-198.001, 69O-198.002, 69O-198.010, and 69O-198.015 are repealed. Rule 69O-198.005, F.A.C., is amended to update the financial requirements. 69O-198.011 is amended to combine all application requirements in a single rule. 69O-198.012 is amended to update the annual statement requirements. 69O-198.013 is created since this notification requirement will be removed from 69O-198.011. Notice

Publish Date: 11/5/2020
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 Register.
69O-196.001 Standard Cancellation Notice

69O-196.005 Filing Surety Bond in Lieu of Net Worth

69O-196.007 Annual Reports

69O-196.009 Other Reports and Corrective Action Plans

69O-196.015 Forms Incorporated by Reference

69O-196.020 Premium Financing of Products Not Regulated by the Insurance Code and Related Unfair Trade Practices Prohibited

69O-196.021 Disclosure Requirements for Insurance Coverages Financed With Personal Injury Protection

69O-196.023 Insurance Agent Penalties

69O-196.025 Statement of Account; Receipts

69O-196.035 Required Books and Records

Draft Rule
69O-196.001 is amended to change grammar and add rulemaking authority. 69O-196.005 is amended to update the Office’s website information. 69O-196.007 is amended to update the annual reports requirements. 69O-196.009 is amended to change “certificate of authority” to “license” and add rulemaking authority. 69O-196.015 is amended to include all applications for premium finance companies in one rule. 69O-196.020 is amended to make references to the Florida Insurance Code consistent. 69O-196.021 is amended to incorporate the financing disclosure form. 69O-196.035 is amended to create a new subsection. 69O-196.023 and 69O-196.025 are repealed Notice

Publish Date: 11/5/2020
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 Register.
69O-201.001 Purpose and Scope

69O-201.005 Financial Requirements Regarding the Unearned Premium Reserve Liability Account and the Deposit or Bond

69O-201.008 General Eligibility Requirements

69O-201.010 License Continuance

69O-201.012 Annual Statement and Quarterly Reports

69O-201.015 Forms Incorporated by Reference

69O-201.001, 69O-201.010, and 69O-201.015 are repealed. Rule 69O-201.005, F.A.C., is amended to update the financial requirements. 69O-201.008 is amended to combine all application requirements in a single rule. 69O-201.012 is amended to update the annual statement requirements. Notice

Publish Date: 11/5/2020
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 Register.

Administrative rules under development revised November 5, 2020. All rules under development are listed until filed for adoption.