Variance from Fla. Admin. Code Ann. r. 69O-149.005(14)(b) from Metropolitan Life Insurance Company. The petition requests that the Office grant a variance from the multiple year rate guarantee or rating cap provision that may not exceed 24 months. ...

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NO.:RULE TITLE:

69O-149.005Reasonableness of Benefits in Relation to Premiums

NOTICE IS HEREBY GIVEN that on July 22, 2016, the Office of Insurance Regulation, received a petition for Variance from Fla. Admin. Code Ann. paragraph 69O-149.005(14)(b) from Metropolitan Life Insurance Company. The petition requests that the Office grant a variance from the multiple year rate guarantee or rating cap provision that may not exceed 24 months. Petitioner request that the time frame be extended to at least 36 months or such longer period the Office may permit, with respect to group health insurance policies insuring groups of 51 or more persons.

A copy of the Petition for Variance or Waiver may be obtained by contacting: Debra Seymour at [e-mail].