The amendment to Rule 69O-163.009, FAC, specifies the credibility factors to be applied for the calculation of deviations from prima facie rates. The amendments to Rule 69O-163.011, FAC, amend the maximum credit disability insurance premium rates.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-163.009Determination of Reasonableness of Benefits in Relation to Premium Charge

69O-163.011Credit Disability Insurance Rates

PURPOSE AND EFFECT: The amendment to Rule 69O-163.009, FAC, specifies the credibility factors to be applied for the calculation of deviations from prima facie rates. The amendments to Rule 69O-163.011, FAC, amend the maximum credit disability insurance premium rates.

SUBJECT AREA TO BE ADDRESSED: Credit life and credit disability insurance.

RULEMAKING AUTHORITY: 624.308(1), 627.678, FS.

LAW IMPLEMENTED: 624.307(1), 627.678, 627.6785, 627.682, 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, [e-mail], [phone].

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