23696050, 69O-142.015 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 23696050

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

INSURER CONDUCT

Overview

RULE:

69O-142.015

Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters

PURPOSE:

The rule is amended to change the manner in which insurers report certain information to the Office of Insurance Regulation as a consequence of a hurricane or other natural disaster, as well as create separate subsections covering contracts of insurance entered into by property and casualty insurers and health and life insurers.

SUMMARY:

Subsection (1) is amended to change the manner in which insurers report certain information to the Office of Insurance Regulation as a consequence of a hurricane or other natural disaster.  Subsection (2) is amended to correct a typographical error that occurred when the rule was amended in 2017 and to cover only property and casualty contracts of insurance.  Subsection (3) is created to cover life and health contracts of insurance.

RULEMAKING AUTHORITY:

624.308, 627.7019 FS.

LAW:

624.424, 624.307(1), 624.319, 627.7019 FS.

PRINT PUBLISH DATE:

9/28/2020 Vol. 46/189

COMMENTS:

From 9/28/2020 To 10/19/2020 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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