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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-186. Title Insurance Rates |
1(1) The following forms are hereby incorporated by reference and may be obtained from the Office’s web site located at http://www.floir.com/iportal:
22(a) Form OIR-D0-2115 “Title Insurance Underwriter’s Data Call – Part I,” effective 7/23, which is available at 40http://www.flrules.org/Gateway/reference.asp?No=Ref-16049;
42(b) Form OIR-D0-0050 “Title Insurance Underwriter’s Data Call – Part II,” effective 7/23, which is available at 60http://www.flrules.org/Gateway/reference.asp?No=Ref-16050; 62and
63(c) Form OIR-D0-0051 “Title Insurance Underwriter’s Data Call – Part III Schedule P – Part 1 Summary,” effective 7/23, which is available at 87http://www.flrules.org/Gateway/reference.asp?No=Ref-1605189.
90(2) By the May 3195st 96of each year, title insurance underwriters must electronically submit statistical data to the Office. The submittal shall be accomplished by electronically completing Forms OIR-D0-2115, OIR-D0-0050, and OIR-D0-0051.
123(3) Forms OIR-D0-2115, OIR-D0-0050, and OIR-D0-0051 129shall be completed by title insurance underwriters in accordance with the instructions for each submittal year. The submittal shall, in addition to the data for the current year, include an affidavit re-certifying the accuracy and completeness of the prior four years’ data. If significant changes have been discovered in the data submitted in any of the four prior years, a corrected submittal shall be made for that year.
197Pursuant to Section 200627.782, F.S., 202the statistical data is collected for the purposes of analyzing premium rates, retention rates, and the condition of the title insurance industry.
224(4) All submittals shall be submitted to the Office’s Insurance Regulatory Filing System (IRFS) at https://irfs.fldfs.com, as a data filing. A filing shall be considered received by the Office when its arrival in the Office is shown electronically to be on business days between the hours of 8:00 a.m. and 5:00 p.m. eastern standard time. Filings received after 5:00 p.m. shall be considered to be received the next business day.
294Rulemaking Authority 296624.308 , 297627.782, 298627.798, FS. 300Law Implemented 302624.307(1), 303624.424, 304627.782 FS. 306History–New 1-19-14, Amended 12-19-23.
