21603663, 19-8.028 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21603663

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.028

Reimbursement Premium Formula

PURPOSE:

This rule is promulgated to implement Section 215.555, Florida Statutes, regarding the Florida Hurricane Catastrophe Fund, for the 2019-2020 contract year.

SUMMARY:

In accordance with Section 215.555(5), Florida Statutes, proposed amended Rule 19-8.028, F.A.C., Reimbursement Premium Formula, adopts the 2019-2020 reimbursement premium formula for the Florida Hurricane Catastrophe Fund (“Florida Hurricane Catastrophe Fund 2019 Ratemaking Formula Report Presented to the State Board of Administration of Florida March 19, 2019”). In addition, the proposed amended Rule deletes a “special circumstances” exemption for certain policies solely covering jewelry, which has been superseded by the 2019 Reimbursement Contract adopted as part of Rule 19-8.010.

RULEMAKING AUTHORITY:

215.555(3), F.S.

LAW:

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

PRINT PUBLISH DATE:

4/3/2019 Vol. 45/65

COMMENTS:

From 4/3/2019 To 4/24/2019 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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