Rule Hearings and Workshops
Listed below are the Administrative Rules currently under development.
| Rule Number/Title | Summary of Rule | Notice | Workshop/Hearing |
|---|---|---|---|
69O-137.008 Filing of Statistical and Quarterly Reports for Individually Rated Risks and Excess Rates | 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 | No workshop was requested. No hearing was requested. |
69O-142.015 Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters | 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 69O-143.0466 Contents of Corporate Governance Annual Disclosure | 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. Hearing was requested. Hearing date will be published when finalized |
69O-149.006 Actuarial Memorandum | 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.
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69O-171.010 Insurer Assignment Agreement Reporting – Calendar Year Experience | 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. | Publish Date: 9/28/2020 | A request for a workshop was withdrawn. 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 | 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 | 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. |