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Florida Administrative Code (Last Updated: October 28, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-154. Health Insurance Policies |
1(1) If a health insurance issuer elects to withdraw from the group market, the issuer must provide 180 days’ written notice to the Office and to all policyholders, certificateholders and beneficiaries provided coverage by the issuer in that market.
40(2) A notice of withdrawal from the group market means an issuer may then non-renew coverage upon the next renewal date of policies affected by the withdrawal.
67(3) A policy may not be terminated except at the next renewal date following the 180 day notice period.
86(4) Notice to the Office must include a copy of all forms issued in that market.
102(5) With respect to notice to policyholders, certificateholders, beneficiaries, a mailing to one household constitutes a mailing to all covered persons residing in the household.
127(6) A separate mailing is required for each separate household.
137(7) If the issuer elects to exit or withdraw from the group market, re-entry into that market is prohibited for five years from the last date of coverage provided in that market.
169(8) The filing shall be submitted to the Office electronically through http://www.floir.com/iportal.
181Rulemaking Authority 183624.308(1), 184641.36 FS. 186Law Implemented 188624.424, 189627.410, 190627.6571(3)(b), 191641.31074 FS. 193History–New 3-1-98, Formerly 4-154.410, Amended 7-30-17.
