12544639, 19-8.029 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 12544639

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.029	Insurer Reporting Requirements and Responsibilities
19-8.030	Insurer Responsibilities (Repealed)

PURPOSE:

The State Board of Administration, Florida Hurricane Catastrophe Fund, seeks to amend the rules listed above to implement Section 215.555, Florida Statutes.

SUMMARY:

Rule 19-8.029, F.A.C., is promulgated to implement Section 215.555(5), Florida Statutes, regarding the reporting by insurers of insured values under covered policies to the Florida Hurricane Catastrophe Fund for the 2013/2014 contract year and to adopt the 2013/2014 Interim and Proof of Loss forms and the 2013/2014 Detailed Claims Listing Instructions. Rule 19-8.030, F.A.C., Insurer Responsibilities, is being amended to adopt the 2013/2014 Exposure and Loss Reimbursement Examination Advance Preparation Instructions and to adopt the 2013/2014 Interim and Proof of Loss forms.  
OTHER RULES INCORPORATING THESE RULES: There are no other rules which incorporate these two rules. However, Rule 19-8.029, F.A.C., is referenced in Rules 19-8.028 and 19-8.030, F.A.C., as follows: Rule 19-8.028(2)(f) F.A.C., Reimbursement Premium Formula, and Rule 19-8.030(3)(i), (8) and (11), F.A.C., Insurer Responsibilities. 
EFFECT ON THOSE OTHER RULES: There is no impact on the two rules which reference Rule 19-8.029, F.A.C.

RULEMAKING AUTHORITY:

215.555(3), F.S.

LAW:

215.555(2), (3), (4), (5), (6), (7), (10), (17), F.S.

PRINT PUBLISH DATE:

1/24/2013 Vol. 39/16

COMMENTS:

From 1/24/2013 To 2/14/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-00413 Florida Hurricane Catastrophe Fund 2011 Data Call, rev. 01/11
Ref-00414 Florida Hurricane Catastrophe Fund Proof of Loss Report
Ref-00415 Florida Hurricane Catastrophe Fund Interim Loss Report
Ref-01191 "Florida Hurricane Catastrophe Fund (FHCF) Exposure Examination Contract Year 2012 Advance Preparation Instructions," FHCF-EAP1, rev. 05/12
Ref-01192 "Florida Hurricane Catastrophe Fund (FHCF) Loss Reimbursement Examination Contract Year 2012 Advance Preparation Instructions," FHCF-LAP1, rev. 05/12
Ref-01193 Form FHCF-D1A, "Florida Hurricane Catastrophe Fund 2012 Data Call," rev. 05/12
Ref-01194 "Contract Year 2012 Interim Loss Report, Florida Hurricane Catastrophe Fund (FHCF)," FHCF-L1A, rev. 05/12
Ref-01195 "Contract Year 2012 Proof of Loss Report, Florida Hurricane Catastrophe Fund (FHCF)," FHCF-L1B, rev. 05/12

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