13355947 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 13355947
Notice of Meeting/Workshop Hearing

Department:	DEPARTMENT OF FINANCIAL SERVICES
Division:	OIR – Insurance Regulation


Overview



	The Office of Insurance Regulation announces a hearing to which all persons are invited.

DATE AND TIME:	August 20, 2013, at 4:00 p.m.

PLACE:	Tampa Convention Center, Ballroom D, 333 South Franklin Street, Tampa, FL 33601

Subject:	Citizens Property Insurance Corporation (“Citizens”) has requested statewide average rate increases for the Coastal Account (“CA”), Commercial Lines Account (“CLA”) and the Personal Lines Account (“PLA”). These accounts include, but are not limited to: commercial property, homeowners, mobile home, and dwelling/fire. The below chart identifies the proposed rate changes that have already been filed with the Office: 13-12319: +8.7% to Commercial Residential - Condo Only (CLA) 13-12323: +0.0% to Commercial Residential - Excluding Condo Assoc. (CLA) 13-12470: +9.6% to Commercial Non-Residential (CLA) 13-13047: +9.8% to Homeowners (CA) 13-13048: +7.3% to Homeowners (PLA) 13-13335: +10.5% to Property – Dwelling/Fire (CA) 13-13336 +9.9% to Property – Dwelling/Fire (PLA) 13-13467 +10.0% to Commercial Non-Residential (CA) The proposed rate changes also include total increases for sinkhole coverage of 15.6% to DP-1 (Dwelling/Fire), 27.0% to DP-3 (Dwelling/Fire), and 25.3% to HO-3 (Homeowners). The requested rate increases are not uniform. The effective date of the proposed rate increases for the Coastal Account (“CA”) is February 1, 2014, for new and renewal business. The effective date of the proposed rate increases for the Commercial Lines Account (“CLA”) is January 1, 2014, for new and renewal business. The effective date of the proposed rate increases for the Personal Lines Account (“PLA”) is January 1, 2014, for new and renewal business. It is important to note that additional filings on behalf of Citizens will be forthcoming and that evidence regarding such filings may be received at the hearing. An agenda listing the rate filings subject to this hearing will be posted on the Office’s website at http://www.floir.com. Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from the insurer as well as interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to the Office of Insurance Regulation at ratehearings@floir.com; the subject line of your e-mail should read “Citizens.”


	A copy of the agenda may be obtained by contacting: Kenneth Tinkham, Esquire (850) 413-4292 or Gloria Merritt (850) 413-5356.

PRINT PUBLISH DATE:	8/9/2013 Vol. 39/155


REFERENCE MATERIALS:	No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.

Overview