Florida Administrative Code

The rules in this part apply to rates filed or reviewed pursuant to Section 627.062, F.S. These rules shall not apply to workers' compensation and employer's liability insurance, or to motor vehicle insurance as defined in Section 627.041(8), F.S. Rulemaking Authority 624.308(1),…

(1) The purpose of this rule is to specify the manner in which insurers shall calculate investment income attributable to insurance policies written in Florida and the manner in which such investment income is used in the calculation of insurance rates by the development of an un…

(1) This rule applies to all commercial property and casualty insurance which is subject to Section 627.062(2), F.S., and which is voluntarily written by an insurer in accordance with a rating plan. It is intended to establish guidelines and procedures for determining whether dis…

(1) This rule applies to all property and casualty insurance to which Section 627.062 or 627.0651, F.S., applies. (2) Any rate filing made with the Office shall elect whether rates are filed as "file and use" or "use and file" as defined in Section 627.062(2) or 627.0651(1), F.S.…

(1) Each insurer shall submit manual pages and a checklist page or manual revision notice specifying the rule of application, effective date and the page number of: (a) Each new (or revised) manual page included with the filing. (b) Each existing manual page being replaced by a n…

(1)(a) This rule applies to each insurer or rating organization subject to Section 627.0645, F.S. (b)1. Commercial Multiple Line insurance, for purposes of this rule, is defined as insurance that includes a combination of one or more property lines of insurance, e.g., fire and al…

(1) This rule applies to all property and casualty insurance to which Section 627.062, F.S., applies. It is intended to clarify the premium amount that an insurer must return to the insured upon cancellation of a policy by the insured. The provisions of this rule do not apply to …

(1) In the case of fire insurance rates, consideration shall be given to the public protection grading for the area in which the property is located. (2) If the property is located within an area that has been graded by a licensed rating organization or insurer, the grading estab…

Rulemaking Authority 624.308(1) FS. Law Implemented Sec. 4, House Bill 89-B, Special Session B (1993), Ch. 92-146, Sec. 2, Laws of Florida, 624.307(1), 626.9541, 626.9641, 627.4133, 627.706 FS. History-New 9-29-92, Amended 9-8-93, Formerly 4-170.012, Repealed 1-28-13.

(1)(a) The procedures in this rule apply to all insurance rate, rule or form filings for property and casualty insurance as defined in Sections 624.604, 624.605, 634.011(8), 634.301(4), 634.401(14), 642.015(3), 648.25(1), 635.011(1) and 627.826(1), F.S. (b) Underwriting guideline…

(1)(a) An actuarial opinion and memorandum supporting the opinion shall state that the rates are not excessive, inadequate, or unfairly discriminatory and comply with the laws of this state. (b) If the opinion cannot be given, a complete explanation of the reason or qualification…

(1)(a) This rule shall apply to all homeowners insurance rates filed pursuant to Section 627.062, F.S. (b) For purposes of this rule, reference to homeowners insurance shall include mobile homeowners insurance written on homeowners type policies and mobile homeowners insurance wr…

(1)(a) This rule shall apply to all dwelling fire and extended coverage insurance rates filed pursuant to Section 627.062, F.S. (b) For purposes of this rule, reference to dwelling fire insurance shall include mobile home dwelling insurance written on dwelling fire type policies.…

(1)(a) The procedures in this rule apply to all commercial residential insurance rates filed pursuant to Section 627.062, F.S., and all other lines of property and casualty insurance as defined in Sections 624.604 and 624.605, F.S. (b) This rule does not apply to medical malpract…

(1)(a) This rule shall apply to all medical malpractice insurance rates filed pursuant to Section 627.062, F.S., (b) The information required by this rule shall be included as a required component of the filing made pursuant to subsection 69O-170.013(3), F.A.C. (c) For purposes o…

(1) This rule establishes the procedure and fee schedule, applicable to residential property insurers, for access and use of the Public Hurricane Loss Projection Model, authorized by Section 627.06281, F.S. (2) A residential property insurer that elects to access and use the Publ…

The following forms are hereby adopted and incorporated by reference: (1)(a) OIR-B1-582, "Universal Standardized Data Letter," (Rev. 10/04). (b) OIR-B1-583, "Expense Supplement Calculation of Company Loss Cost Multiplier," (Rev. 07/03). (c) OIR-B1-584, "Annual Rate Filing Exempti…

(1) This rule applies to all residential property insurance rate filings filed on or after January 1, 2007. All residential property insurers must make new filings by March 1, 2007, to reflect the requirements in this rule. (2) Section 627.0629, F.S., states that discounts on an …

(1) The phrase in Sections 627.062(2)(g) and 627.0651(10), F.S., which reads, "for a period of 1 year after the effective date of the filing" relates to rates which have been given final approval by the Office, as well as to rates which have been deemed approved. (2) Sections 627…

(1) The purpose of this rule is to clarify what types of risks may be individually rated under Section 627.062(3), F.S., and the reporting requirements for those individually rated risks. (2) This rule applies to all lines of property, casualty, and surety insurance except privat…

(1) For purposes of determining whether there is a reasonable degree of competition in the personal residential property market in Monroe County, the Office shall: (a) Review the respective market share of all insurers, including Citizens Property Insurance Corporation using the …

The purpose of this part is to establish procedures for licensing rating organizations and for determining compliance by advisory organizations with Section 627.301, F.S. Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 627.221, 627.301 FS. History-New 5-20-90, For…

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 624.501(18), 627.221 FS. History-New 5-20-90, Formerly 4-104.002, Formerly 4-170.021, Transferred to 69O-136.014.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 627.301 FS. History-New 5-20-90, Formerly 4-104.003, Amended 6-9-93, Formerly 4-170.022, Transferred to 69O-136.013.

(1) No insurer shall apply a discount to its loss reserves other than tabular workers' compensation loss reserves without special permission from the Office. An insurer shall request such special permission in writing, stating the line of insurance to be discounted and the rate o…

(1) A Statement of Actuarial Opinion on loss and loss adjustment expense reserves, when it is made, must be made by a qualified actuary. A "qualified actuary" is a person who is either: (a) A member in good standing of the Casualty Actuarial Society, or (b) A member in good stand…

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.101, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.103, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.105, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.107, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.109, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.111, Repealed 8-13-12.

(1) In computing any period of time prescribed or allowed by these rules, by order of the arbitration panel or by any applicable statute, the day of the act from which the designated period of time begins to run shall not be included. The last day of the period shall be included …

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.115, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.117, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.119, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.121, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.123, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.126, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.127, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.129, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.131, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.133, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.135, Repealed 8-13-12.

Rulemaking Authority 627.062(6) FS. Law Implemented 627.062 FS. History-New 8-31-97, Formerly 4-170.137, Repealed 8-13-12.

Every property and casualty insurer in this state authorized to transact insurance in this state shall be subject to the applicable rules in this rule chapter, except that insurers writing workers' compensation coverage are subject to the reporting provisions of rule Chapter 69O-…

(1) Forms incorporated by reference in Division 69O rules are available on the Office's website: http://www.floir.com/iportal. (2) All filings shall be submitted electronically to http://www.floir.com/iportal. (3) All forms shall be filled out completely in accordance with their …

(1) Each self-insurer authorized under Section 627.357, F.S., and each insurer or joint underwriting association providing professional liability insurance to a practitioner of medicine licensed pursuant to the provisions of Chapter 458, F.S., to a practitioner of osteopathic med…

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 627.913(1), 627.918(1) FS. History-New 1-16-83, Amended 7-1-85, Formerly 4-59.04, 4-59.004, 4-171.004, Repealed 7-30-17.

(1) If requested by the Office, all authorized liability insurers in Florida shall prepare and submit a report to the Office containing information about personal injury, bodily injury and/or property damage liability claims, as further identified in this rule, which were closed …