28982356, 69O-137.009 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 28982356

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

INSURER REPORTING REQUIREMENTS

Overview

RULE:

69O-137.009

Filing Procedures for Commercial and Personal Residential Property Supplemental Quarterly Report

PURPOSE:

Rule 69O-137.009, F.A.C., and Form OIR-D0-1185 are being amended to implement changes to Section 624.424(10), F.S. Those changes require that data collected from personal and commercial residential property insurance companies will be reported by zip code, not county, and those reports will be submitted on a monthly, rather than quarterly, basis. The changes to Form OIR-D0-1185 will allow insurers to submit that data as required beginning with the January 2025 data which is due on February 28, 2025.

SUMMARY:

Rule 69O-137.009, F.A.C., and Form OIR-D0-1185 are being amended to implement changes to Section 624.424(10), F.S. Those changes require that data collected from personal and commercial residential property insurance companies will be reported by zip code, not county, and those reports will be submitted on a monthly, rather than quarterly, basis. The changes to Form OIR-D0-1185 will allow insurers to submit that data as required beginning with the January 2025 data which is due on February 28, 2025.

RULEMAKING AUTHORITY:

624.424(10), F.S.

LAW:

624.424(10), F.S.

PRINT PUBLISH DATE:

11/14/2024 Vol. 50/223

COMMENTS:

From 11/14/2024 To 12/5/2024 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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