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.  

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    DEPARTMENT OF FINANCIAL SERVICES

    OIR – Insurance Regulation

    RULE NO.:RULE TITLE:

    69O-149.005Reasonableness of Benefits in Relation to Premiums

    69O-149.006Actuarial Memorandum

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

    SUBJECT AREA TO BE ADDRESSED: Filing of Forms and Rates for Life/Health Insurance

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

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

    IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Michael Lawrence, Jr., Assistant General Counsel, Michael.LawrenceJr@floir.com, (850)413-4112.

     

    THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.

Document Information

Subject:
Filing of Forms and Rates for Life/Health Insurance
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.
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.
Contact:
Michael Lawrence, Jr., Assistant General Counsel, Michael.LawrenceJr@floir.com, (850) 413-4112.
Related Rules: (2)
69O-149.005. Reasonableness of Benefits in Relation to Premiums
69O-149.006. Actuarial Memorandum