General Reporting Requirements, Insurer Experience Reporting - Calendar Year Experience

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

RULE NO: RULE TITLE
69O-171.002: General Reporting Requirements
69O-171.008: Insurer Experience Reporting - Calendar Year Experience

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. 33 No. 38, September 21, 2007 issue of the Florida Administrative Weekly.

The change is solely in 69O-171.002, .008 which will read:

       (1) Forms incorporated by reference in Division Number 69O these rules are available on the Office’s website: http://www.floirfldfs.com.

       (4)(a) Any insurer or insurer group which does not write at least 1/2 percent of the Florida market, based on written premiums, shall not be required to complete and submit to the Office the forms prescribed by Rule 69O-171.008, F.A.C. Instead of completing form OIR-308, “Calendar Year Experience” as adopted in Rule 69O-171.008, F.A.C., the insurer shall list each line of insurance that is less than 1/2 percent of the market and list the corresponding written premiums for each of these lines of insurance.

 

       69O-171.008 Insurer Experience Reporting – Calendar Year Experience.

       (1) Any insurer authorized to transact fire, homeowner’s, multiple peril, commercial multiple peril, medical malpractice, product liability, workers’ compensation, private passenger automobile liability, commercial automobile liability, private passenger automobile physical damage, commercial automobile physical damage, directors’ and officers’, or other liability insurance shall report, for each such line of insurance, the information required by Section 627.915(2), F.S., Section 627.915(5), F.S., or required by rule, on Form OIR-B1-308 (Rev. 07/03), “Calendar Year Experience”, data reporting form OIR-D0-308 (Revised 02/2007) “Florida Property and Casualty Insurance Calendar Year Experience”. which is hereby incorporated by reference, and is available and is to be completed and submitted on the Office’s website: http://www.fldfs.com/DI4-308.

The remainder of the rule reads as previously published.