21640717, 69O-163.009 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21640717

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

CREDIT LIFE AND CREDIT DISABILITY INSURANCE

Overview

RULE:

69O-163.009	Determination of Reasonableness of Benefits in Relation to Premium Charge
69O-163.011	Credit Disability Insurance Rates

PURPOSE:

The amendment to Rule 69O-163.009, FAC, specifies the credibility factors to be applied for the calculation of deviations from prima facie rates.  The amendments to Rule 69O-163.011, FAC, amend the maximum credit disability insurance premium rates.

SUMMARY:

69O-163.009 is amended to require the filing of Form OIR-B2-2213 to provide numerical and written justification when there is a deviation from prima facie rates.  The maximum credit disability insurance premium rates are amended in 69-163.011.

RULEMAKING AUTHORITY:

624.308(1), 627.678 FS.

LAW:

624.307(1), 627.678, 627.6785, 627.682 FS.

PRINT PUBLISH DATE:

3/21/2019 Vol. 45/56

COMMENTS:

From 3/21/2019 To 4/11/2019 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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