362894, 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: 362894

Notice of Development of Rulemaking

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:

Section 24 of Senate Bill 1980 created Section 627.7019, F.S. It requires the Financial Services Commission to adopt by rule standardized requirements that may be applied to insurers as a consequence of a hurricane or other natural disaster. The purpose of the rule development workshop is to develop rules with respect to claims reporting requirements, grace periods for payment of premiums, and performance of other duties by insureds and temporary postponement of cancellations or nonrenewals. Interested persons should consult the Office of Insurance Regulation website at http://www.floir.com/HotTopics.htm for copies of past 2004 and 2005 emergency rules and orders and memorandums that have addressed the above referenced matters. These will be used as a basis for developing the rules.

SUBJECT:

Standardized requirements applicable to insurers after hurricanes or other natural disasters.

RULEMAKING AUTHORITY:

627.7019 FS.

LAW:

627.7019 FS.

PRINT PUBLISH DATE:

5/26/2006 Vol. 32/21

RELATED STATUTES
AND LAWS:

627.7019 FS., 627.7019 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69O-142.015&PDate=5/26/2006&Section=1

REFERENCE MATERIALS:

No reference(s).

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