4277038, 19-8.010 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 4277038

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.010	Reimbursement Contract
19-8.030	Insurer Responsibilities (Repealed)

PURPOSE:

The State Board of Administration of Florida, Florida Hurricane Catastrophe Fund, seeks to amend Rule 19-8.010, F.A.C., Reimbursement Contract, to address changes made to the law during the 2007 Special Legislative Session and the 2007 Regular Legislative Session and seeks to amend Rule 19-8.030, F.A.C., Insurer Responsibilities, to add a revision date to the reference in the rule to incorporated Form FHCF-EAP1, “Exposure Examination Advance Preparation Instructions” and incorporated Form FHCF-LAP1 “Loss Reimbursement Examination Advance Preparation Instructions.”

SUMMARY:

Rule 19-8.010, F.A.C., Reimbursement Contract: The proposed amendments to 19-8.010, F.A.C., contained in Addendum No. 4 to the Contract, prohibits a participant in the FHCF from selling, assigning, or transferring to a third party any right to receive sums from the FHCF and the proposed amendments to Rule 19-8.010, F.A.C., contained in Addendum No. 5 to the Contract, gives effect to the extension of FHCF coverage to policies of liquidated insurers taken over by Citizens Property Insurance Corporation provided by CS/SB 2498.
Rule 19-8.030, F.A.C., Insurer Responsibilities: An effective date or a revision date is required for all forms referenced for incorporation into a rule; the proposed changes add revision dates in the rule for forms FHCF-EAP1, “Exposure Examination Advance Preparation Instructions” and FHCF-LAP1 “Loss Reimbursement Examination Advance Preparation Instructions”. The forms themselves already have the revision date on them.

RULEMAKING AUTHORITY:

215.555(3) FS.

LAW:

215.555(4), (5), (16), (17) FS.

PRINT PUBLISH DATE:

6/22/2007 Vol. 33/25

COMMENTS:

From 6/22/2007 To 7/13/2007 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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