9220740, 69H-1.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 9220740

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Risk Management

Chapter:

STATE RISK MANAGEMENT TRUST FUND

Overview

RULE:

69H-1.003

Certificate and Other Forms Adopted (Repealed)

PURPOSE:

The purpose of the amendment to the rule is to authorize for use by state universities and agencies a form that captures more accurate and detailed information for developing proper insurance ratings and premiums for buildings insured by the State. The current Form 850 is inadequate for present and future needs. The current Form 850 is authorized by paragraph 69H-1.003(1)(a), F.A.C.

SUMMARY:

The current Form 850 contains survey questions used by the Division of Risk Management and its insureds the agencies and universities to develop insurance ratings for properties owned or leased by the State, for the purpose of premium development. The proposed Form 850 significantly expands the scope of questions to provide more accurate information for determining premiums and further allows the agencies, universities, and the Division of Risk Management to store such information in an electronic database as opposed to numerous disconnected individual Excel files.

RULEMAKING AUTHORITY:

284.17 FS.

LAW:

255.03(1), 284.01 FS.

PRINT PUBLISH DATE:

10/8/2010 Vol. 36/40

COMMENTS:

From 10/8/2010 To 10/29/2010 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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