7027085, 19-8.029 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 7027085

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ADMINISTRATION OF THE FLORIDA HURRICANE CATASTROPHE FUND

Overview

RULE:

19-8.029	Insurer Reporting Requirements and Responsibilities
19-8.030	Insurer Responsibilities (Repealed)

PURPOSE:

The State Board of Administration, Florida Hurricane Catastrophe Fund, seeks to amend the rules listed above to implement Section 215.555, F.S.

SUMMARY:

Form FHCF C-1, Company Contact Information, incorporated into Rule 19-8.029, F.A.C., and referred to in Rule 19-8.030, F.A.C., is being revised to remove the notarization requirement. This change necessitates changes to Rules 19-8.029 and 19-8.030, F.A.C. In addition, language is added to Rule 19-8.029, F.A.C., providing for voluntary commutation earlier than 36 months under certain circumstances as provided for in the Reimbursement Contract.

RULEMAKING AUTHORITY:

215.555(3) FS.

LAW:

215.555(2), (3), (4), (5), (6), (7), (10), (16), (17) FS.

PRINT PUBLISH DATE:

4/24/2009 Vol. 35/16

COMMENTS:

From 4/24/2009 To 5/15/2009 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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