16240727, 69O-157.302 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16240727

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

LONG-TERM CARE INSURANCE

Overview

RULE:

69O-157.302	Facility Only Rates (Repealed)
69O-157.303	Home Health Care Only Rates (Repealed)
69O-157.304	Comprehensive Only Rates (Repealed)

PURPOSE:

Section 627.9407(7)(c), Florida Statutes, pertains to long-term care insurance and provides that where an insurer is not currently issuing new coverage, the new business rate shall be as published by the Office at the rate prescribed by statute.  The statute does not require the adoption by rule of said rates.

SUMMARY:

These rules are being repealed and the Long-Term Care Facility Only Rates, Home Health Care Only Rates, and Comprehensive Only Rates from the body of the rules will be published to the OIR website to facilitate a more rapid updating of the most recently published new business rates. The new business rates are determined by a statutorily prescribed formula and accordingly are not required to be adopted by rule.

RULEMAKING AUTHORITY:

627.9408(1), FS.

LAW:

627.9407(7), FS.

PRINT PUBLISH DATE:

7/20/2015 Vol. 41/139

COMMENTS:

From 7/20/2015 To 8/10/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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