5609236, 69O-149.0025 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5609236

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-149.0025	Definitions
69O-149.005	Reasonableness of Benefits in Relation to Premiums
69O-149.006	Actuarial Memorandum

PURPOSE:

To answer questions on health rate filings.

SUMMARY:

Section 627.410(6)(b), F.S., states that the Commission may establish by rule procedures to be used in ascertaining the reasonableness of benefits in relation to premium rates. These rules establish such procedures. The rule is being amended to clarify the standards for credibility in using company experience as support for rate filings. Though these standards are in the present rules, the standards have not been stated clearly enough to guarantee that the intent of the existing rule is being met. Consequently, these amendments will tighten up the language.

RULEMAKING AUTHORITY:

624.308 FS.

LAW:

627.410 FS.

PRINT PUBLISH DATE:

5/30/2008 Vol. 34/22

COMMENTS:

From 5/30/2008 To 6/20/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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