Title Insurance Statistical Gathering-Title Insurance Underwriters

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NO.:RULE TITLE:

69O-186.014Title Insurance Statistical Gathering-Title Insurance Underwriters

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 39 No. 201, October 15, 2013 issue of the Florida Administrative Register.

1.   The title of form OIR-DO-2115, Title Insurance Experience Reporting- Title Insurance Underwriters, has been added to the form.

2.    Form OIR-DO-2115 has been amended to Incorporate the following document by reference:

    ALTA Uniform Financial Reporting Plan of March, 1978.

3. Effective dates of referenced forms have been added.
4. The Rule has been amended to include s. 624.424, F.S. as a law implemented as authority for the required affidavit.
5. The required affidavit has been amended to require two signatures of executive officers from the submitting insurer.
6. The abbreviated references to CPL, ALAE, and UCC have been spelled out in the form to be Closing Protection Letters, Allocated Loss Adjustment Expense, and Uniform Commercial Code, respectively.
7. The rule was amended to remove the duplicative lead-in language to s. 3, which repeated that the data call form shall be submitted electronically.

 

The remainder of the rule reads as previously published.