This is a meeting of the Trustees of the State Board of Administration to provide permission for the SBA to file Rule 19-15.001, F.A.C., Insurance Capital Build-Up Program, for Notice of Proposed Rulemaking and adoption if no hearing is requested in ...

 

STATE BOARD OF ADMINISTRATION

The Florida Hurricane Catastrophe Fund, which is administered by the State Board of Administration (SBA) announces a public meeting to which all persons are invited.

DATE AND TIME: April 3, 2007, 9:00 a.m. – conclusion of meeting

PLACE: Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida

GENERAL SUBJECT MATTER TO BE CONSIDERED: This is a meeting of the Trustees of the State Board of Administration to provide permission for the SBA to file Rule 19-15.001, F.A.C., Insurance Capital Build-Up Program, for Notice of Proposed Rulemaking and adoption if no hearing is requested in a timely manner; to provide the Florida Hurricane Catastrophe Fund with approval of the 2007/2008 Premium Formula and Proposed 2007 Rates; to provide permission for the Florida Hurricane Catastrophe Fund to file Rule 19-8.028, F.A.C., Reimbursement Premiums, for Notice of Proposed Rulemaking; to approve the filing for adoption of Rule 19-8.010, F.A.C., Reimbursement Contract, Rule 19-8.029, F.A.C., Insurer Reporting Requirements, and Rule 19-8.030, F.A.C., Insurer Responsibilities. In addition, the Trustees will be requested to appoint a Chair for the Florida Commission on Hurricane Loss Projection Methodology and will also address other general business.

Rule 19-15.001, F.A.C., Insurance Capital Build-Up Incentive Program, and the incorporated forms are available on the website of the State Board of Administration of Florida, www.sbafla.com. Rules 19-8.010 Reimbursement Contract, 19-8.028 Reimbursement Premium, 19-8.029 Insurer Reporting and 19-8.030, F.A.C., Insurer Responsibilities and the incorporated forms are available on the Florida Hurricane Catastrophe Fund website, www.sbafla.com/fhcf.

For more information, you may contact: Tracy Allen, Florida Hurricane Catastrophe Fund, P. O. Drawer 13300, Tallahassee, FL 32317-3300, [phone].