Subject
The Financial Services Commission believes that adopting an emergency rule is the fairest method to protect the public to assure that insureds are timely notified of their PIP Benefits as required by Florida Law. Furthermore rulemaking proceedings are being pursued to adopt the Notification of PIP Rights form on a permanent basis and interested parties will have an opportunity to participate in the standard rulemaking process. An Office bulletin addressed to all regulated persons and insurers would reach them, but would not be legally binding. A permanent rule would not have the flexibility and immediacy to protect the public welfare.
In consideration of the emergency conditions currently existing, and given the Office’s responsibility to protect the public interest and implement the Insurance Code, an emergency rule is necessary.