Annual Insurer Report Card Rule Hearing/Workshop Scheduled For September 13
Sep 10, 2010
The Florida Department of Financial Services will hold a September 13, 2010 Rule hearing/workshop at 9:30 a.m. on the adoption of Rules relating to the State’s mandated Annual Report Card for authorized residential property insurers. This hearing was rescheduled from September 8, 2010.
The following proposed Rules will be discussed:
69M-236.001: Purpose
69M-236.002: Definitions
69M-236.003: Methodology
69M-236.004: Limitations and Exclusions
69M-236.005: Data Sources
The Report Card will be used by the Office of the Florida Insurance Consumer Advocate as required by section 627.0613(4), F.S. According to the law, the Report Card must be prepared on a form, using a letter-grade scale.
The complete text of each is attached for review, along with a proposed Report Card blank form that categorizes complaints related to premium, loss and claims payment. Another column provides a category for “valid complaints.”
If adopted, the proposed Rules would set forth the procedure by which insurers would be graded and adopt the form on which the results would be presented.
To view the administrative history of these Rules, which began on July 2, 2009, click here.
A representative of Colodny Fass will attend the hearing and provide a report on the proceedings.
Should you have any questions or comments, please contact Colodny Fass.
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