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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-187. Professional Liability Self-Insurance Trust Funds |
1(1) In the event of a deficit in any fund year, such deficit shall be made up, either from unencumbered surplus from a fund year or years other than the current fund year; or, upon approval by the Office, by assessment of the membership, if necessary and consistent with sound actuarial principles, or by such alternate method as the Office may approve. The Office shall be notified prior to any transfer of unencumbered surplus funds.
76(2) If necessary and consistent with sound actuarial principles, the Fund may issue dividends or refunds to its members as approved by the Office.
100(3) All filings shall be submitted electronically to http://www.floir.com/iportal.
109Rulemaking Authority 111627.357(6), 112624.308(1) FS. 114Law Implemented 116624.307(1), 117624.424, 118627.357 FS. 120History–New 10-7-75, Formerly 4-39.05, Amended 5-10-89, Formerly 4-39.005, 4-187.006, Amended 7-30-17.
