The amendments change the manner in which an insurer’s target loss ratio may be increased or reduced.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NO.:RULE TITLE:

69O-149.006Actuarial Memorandum

PURPOSE AND EFFECT: The amendments change the manner in which an insurer’s target loss ratio may be increased or reduced.

SUBJECT AREA TO BE ADDRESSED: Health insurance forms and rates.

RULEMAKING AUTHORITY: 624.308(1), 627.410(6)(b), (e) FS.

LAW IMPLEMENTED: 627.410(1), (2), (6), 627.411(1)(e) 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 REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Michael Lawrence, Jr., Assistant General Counsel, [e-mail], [phone].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.