Reasonable Degree of Competition Criteria - Monroe County

Office of Insurance Regulation

RULE NO.: RULE TITLE:

69O-170.020 Reasonable Degree of Competition Criteria – Monroe County

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rulerulesrule chapter, in accordance with subparagraph 120.54(3)(d)1., F.S., published in Volume , No. 5, , of the Florida Administrative Weekly. These changes are being made to address concerns expressed by the Joint Administrative Procedures Committee.

1. The rule number is changed to 69O-170.0195.

2. Subsection (1)(b) is revised by changing the formula for the Herfindahl Index to:

H  = (%S1)2 + (%S2)2 + (%S3)2 +…(%Sn)2 .

3. Subsection (1)(c) is changed to read:

(c) Review any other information related to and associated with evaluating market competition for that county, such as entry and exit of insurers into the market, trends in the market share of insurers and the number of new policies being issued.

4. Subsection (2) is changed by deleting “has a noncompetitive market” and inserting “does not have a reasonable degree of competition”.

 

The remainder of the rulerulesrule chapter reads as previously published.

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