Published on: 15667845. The purpose of this amendment is to repeal Rule 69J-9.001, F.A.C., relating to a sinkhole insurance claim database, because the rulemaking authority and law implemented were repealed in 2011. The effect of the amendment will be that insurers will not be required to electronically submit data for all sinkhole or catastrophic ground cover collapse claims confirmed on or after January 1, 2005, to the Department of Financial Services.
Published on: 9227239. The proposed rule amendment revises the rule to change the time period and restrict database submissions to only those claims that involve sinkholes and catastrophic ground cover collapse that were “closed” and “confirmed” on or after January 25, 2007. These guidelines will prevent the database from becoming burdened by claims that do not provide useful information. The time period for which claims shall be submitted has been changed to harmonize the rule with statute. Additional definitions and changes to related dates have also been made.
Published on: 8019783. Section 627.7065(2), F.S., requires the Department of Financial Services (“DFS”) to consult with the Florida Geological Survey (“FGS”) and the Department of Environmental Protection (“DEP”) to implement a statewide electronic database of sinkholes and related activity identified in the state. Pursuant to Section 627.7065(3), F.S., the content of the database may include standards for reporting and investigating sinkholes for inclusion in the database and requirements for insurers to report the receipt of claims involving sinkhole loss and other similar activities. The DFS may require insurers to report present and past data of sinkhole claims. The database may also include information of damage due to ground settling and other subsidence activity. The DFS consulted with the FGS and the DEP to determine the form and content of the database which is set forth in the proposed rule.
Published on: 7783297. Section 627.7065(2), F.S., requires the Department of Financial Services ("DFS") to consult with the Florida Geological Survey ("FGS") and the Department of Environmental Protection ("DEP") to implement a statewide electronic database of sinkholes and related activity identified in the state. Pursuant to Section 627.7065(3), F.S., the content of the database may include standards for reporting and investigating sinkholes for inclusion in the database and requirements for insurers to report the receipt of claims involving sinkhole loss and other similar activities. The DFS may require insurers to report present and past data of sinkhole claims. The database may also include information of damage due to ground settling and other subsidence activity. The DFS consulted with the FGS and the DEP to determine the form and content of the database which is set forth in the proposed rule.