21640814, 69O-149.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21640814

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

FILING OF FORMS AND RATES FOR LIFE/HEALTH INSURANCE

Overview

RULE:

69O-149.005	Reasonableness of Benefits in Relation to Premiums
69O-149.006	Actuarial Memorandum

PURPOSE:

The rules are being amended to allow an exemption to paragraph 14(b) of 69O-149.005 for certain types of plans issued by an insurer, to update the Experience on the Form requirements, and to update the actuarial certification requirements.

SUMMARY:

69O-149.005 is amended to allow the types of insurance referenced in subsection (15) to be exempt from the requirements of paragraph 14(b). 69O-149.006 is amended to update the Experience on the Form requirements in subparagraph (3)(b)23. and the actual certification requirements in subparagraph (3)(b)28.

RULEMAKING AUTHORITY:

624.308(1), 627.410(6)(b), (d), (e) FS.

LAW:

626.9541(1), 627.410(1), (2), (6), 627.410(7), 627.411(1)(a), (e), 627.9175 FS.

PRINT PUBLISH DATE:

3/21/2019 Vol. 45/56

COMMENTS:

From 3/21/2019 To 4/11/2019 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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