26012507, 19-8.010 - Florida Administrative Rules, Law, Code, Register

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Notice: 26012507

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.010	Reimbursement Contract
19-8.028	Reimbursement Premium Formula
19-8.029	Insurer Reporting Requirements and Responsibilities

PURPOSE:

These rules are promulgated to implement Section 215.555, Florida Statutes, regarding the Florida Hurricane Catastrophe Fund, for the 2022-2023 contract year.

SUMMARY:

In accordance with Section 215.555, Florida Statutes, proposed amended Rule 19-8.010, F.A.C., Reimbursement Contract, adopts amendments to Addendum One with Appendix A to the contract year 2022-2023 Reimbursement Contract; Rule 19-8.028, F.A.C., Reimbursement Premium Formula, adopts the 2022-2023 reimbursement premium formula for the Florida Hurricane Catastrophe Fund (“Florida Hurricane Catastrophe Fund 2022 Ratemaking Formula Report Presented to the State Board of Administration of Florida March 30, 2022”); Rule 19-8.029, F.A.C., Insurer Reporting Requirements and Responsibilities, adopts amendments to the 2022-2023 Data Call for exposure reporting.

RULEMAKING AUTHORITY:

215.555(3), F.S.

LAW:

215.555(2), (3), (4), (5), (6), (7), (10), (16), F.S.

PRINT PUBLISH DATE:

6/28/2022 Vol. 48/125

COMMENTS:

From 6/28/2022 To 7/19/2022 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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