16975987, 69J-8.008 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16975987

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Consumer Services

Chapter:

Alternative Procedure for Resolution of Disputed Sinkhole Insurance Claims

Overview

RULE:

69J-8.008	Selection of Neutral Evaluator
69J-8.009	Evaluation Process
69J-8.011	Neutral Evaluator's Report

PURPOSE:

The period of time that an insurer has to contact an insured after notice of a request to have a neutral evaluation of a sinkhole claim is increased from 3 days to 5 days.  The amendment also clarifies that failure to comply with the 5-day requirement does not invalidate a party’s right to neutral evaluation or to disqualify proposed evaluators without cause.

SUMMARY:

An insurer must contact a policyholder or the policyholder agent within five (5) days of notification of a request for neutral evaluation of a sinkhole insurance claim.  However, failure to comply with the five (5) day time limit does not negate the insurer’s right to neutral evaluation or its right to disqualify evaluators.

RULEMAKING AUTHORITY:

627.7074(18)

LAW:

627.7074

PRINT PUBLISH DATE:

1/5/2016 Vol. 42/02

COMMENTS:

From 1/5/2016 To 1/26/2016 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-03424 DFS-I4-1785

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