140279, 19-8.010 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 140279

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.010	Reimbursement Contract
19-8.012	Procedures to Determine Ineligibility for Participation in the Florida Hurricane Catastrophe Fund and to Determine Exemption from Participation in the Florida Hurricane Catastrophe Fund due to Limited Exposure
19-8.013	Revenue Bonds Issued Pursuant to Section 215.555(6), F.S
19-8.029	Insurer Reporting Requirements and Responsibilities
19-8.030	Insurer Responsibilities (Repealed)

PURPOSE:

The State Board of Administration, Florida Hurricane Catastrophe Fund, is proposing to amend the following rules in order to implement Section 215.555, Florida Statutes, regarding the Florida Hurricane Catastrophe Fund, for the 2006-2007 Contract Year: Rules 19-8.010, 19-8.012, 19-8.013, 19-8.029 and 19-8.030, F.A.C.

SUMMARY:

Proposed amended Rule 19-8.010, F.A.C., adopts the reimbursement contract for the Contract Year 2006-2007. The proposed amendments to Rule 19-8.012, F.A.C. clarifies the exemption requirements. The proposed amendments to Rule 19-8.013, F.A.C., are both clarification and implementation of Section 215.555(3), F.S. Proposed amended Rule 19-8.029, F.A.C., adopts forms for insurer reporting to the Florida Hurricane Catastrophe Fund for the 2006-2007 Contract Year and updates incorporated forms. The proposed amendments to Rule 19-8.030, F.A.C. consist of clarifications and amendments necessitated by the losses experienced during the 2004 and 2005 hurricane seasons.

RULEMAKING AUTHORITY:

215.555(3) FS.

LAW:

215.555(2), (3), (4), (5), (6), (7), (10) FS.

PRINT PUBLISH DATE:

2/24/2006 Vol. 32/08

COMMENTS:

From 2/24/2006 To 3/17/2006 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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