The Florida Hurricane Catastrophe Fund proposes amendments to the following rules: Rule 19-8.029, F.A.C., the Insurer Reporting Requirements, and Rule 19-8.030, F.A.C., Insurer Responsibilities.

STATE BOARD OF ADMINISTRATION

RULE NO: RULE TITLE
19-8.029: Insurer Reporting Requirements
19-8.030: Insurer Responsibilities
PURPOSE AND EFFECT: The Florida Hurricane Catastrophe Fund proposes amendments to the following rules: Rule 19-8.029, F.A.C., the Insurer Reporting Requirements, and Rule 19-8.030, F.A.C., Insurer Responsibilities.
SUBJECT AREA TO BE ADDRESSED: An incorporated form, FHCF C-1, Company Contact Information, is being revised to remove the notarization requirement. This change necessitates changes to Rules 19-8.029 and 19-8.030, F.A.C. In addition, language is added to Rule 19-8.029, F.A.C., providing for voluntary commutation earlier than 36 months under certain circumstances.
SPECIFIC AUTHORITY: 215.555 FS.
LAW IMPLEMENTED: 215.555 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 WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Tracy Allen, Senior FHCF Attorney, State Board of Administration, P.O. Box 13300, Tallahassee, Florida 32317-3300; [phone], or [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.