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Florida Administrative Code (Last Updated: October 28, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-170. Property And Casualty Insurance Rating |
1(1) The phrase in Sections 6627.062(2)(g) 7and 8627.0651(10), 9Florida Statutes, which reads, “for a period of 1 year after the effective date of the filing” relates to rates which have been given final approval by the Office, as well as to rates which have been deemed approved.
48(2) Sections 50627.062(2)(g) 51and 52627.0651(10), 53Florida Statutes, allow the Office to disapprove a rate as excessive after the passage of one (1) year from the effective date of a filing, without making a finding that a material misrepresentation or material error was made by the insurer or was contained in the filing.
100(3) For purposes of this rule, the effective date of a filing is the new business effective date.
118Specific Authority 120624.308 FS. 122Law Implemented 124624.307(1), 125627.062(2)(g), 126627.0651(10) FS. 128History–New 3-14-96, Formerly 4-170.018.
