11747396, 69O-170.012 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11747396

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

PROPERTY AND CASUALTY INSURANCE RATING

Overview

RULE:

69O-170.012

Sinkhole Insurance (Repealed)

PURPOSE:

Repeals Rule 69O-170.012, Florida Administrative Code.

SUMMARY:

This rule prohibits insurers from non-renewing or canceling property insurance policies “on the basis of filing of claims for partial loss caused by sinkhole damage or clay shrinkage.”
This rule has become antiquated and unnecessary due to legislative changes dealing with sinkhole loss that occurred after the rule was promulgated. As a result, this rule should be repealed.

RULEMAKING AUTHORITY:

624.308(1) FS.

LAW:

Sec. 4, House Bill 89-B, Special Session B (1992), Ch. 92-146, Sec.2 Laws of Florida, 624.307(1), 626.9541, 626.9641, 627.4133, 627.706 FS.

PRINT PUBLISH DATE:

7/20/2012 Vol. 38/29

COMMENTS:

From 7/20/2012 To 8/10/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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