Florida Hurricane Catastrophe Fund Summary of Proposed Changes to Insurer Reporting Requirements and Responsibilities Rules
Nov 21, 2016
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council met on November 18, 2016 to review proposed changes to Rule 19-8.029, F.A.C., “Insurer Reporting Requirements,” which provides requirements relating to insurer reporting of exposures and losses, and Rule 19-8.030, F.A.C., “Insurer Responsibilities,” which provides requirements relating to examination of insurer exposures and losses.
The proposed amendments to Rule 19-8.029, F.A.C. would retitle the Rule as “Insurer Reporting Requirements and Responsibilities” and consolidate material from both Rules into a single revised Rule.
As amended, Rule 19-8.029, F.A.C., “Insurer Reporting Requirements and Responsibilities,” would adopt the FHCF Data Call and other applicable reporting requirements and examination instruction forms for the 2017-2018 FHCF Contract Year, delete obsolete or duplicative material, and provide additional clarification.
Because of the consolidation of material from both Rules into a single Rule, the repeal of Rule 19-8.030, “Insurer Responsibilities” is also proposed.
A summary of the proposed changes and the FHCF October 18 Advisory Council meeting minutes are attached for review.
The proposed Rules and accompanying forms are provided via hyperlink below:
- Rule 19-8.029, Insurer Reporting Requirements
- 2017 Insurer Reporting Requirements, Form FHCF-D1A (Data Call)
- 2017 Interim Loss Report, Form FHCF-L1A
- 2017 Proof of Loss Report, Form FHCF-L1B
- 2017 Detailed Claims Listing Instructions, Form FHCF-DCL
- 2017 Exposure Examination Advance Preparation Instructions, Form FHCF-EAP1
- 2017 Loss Reimbursement Examination Advance Preparation Instructions, Form FHCF-LAP1
- 2017 Company Contact Information, Form FHCF C-1
- Rule 19-8.030, Insurer Responsibilities
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