Florida Office of Insurance Regulation Hearing on Repeal of Arbitration Rules to be Scheduled February 27, 2012, if Requested

 

A Notice of Proposed Rulemaking has been submitted for publication for the purpose of repealing numerous Rules related to the arbitration of rate filing disputes. 

Section 627.062(6), Florida Statutes had previously granted insurers the right to arbitrate rate filing disputes with the Florida Office of Insurance Regulation (“OIR”).  The section also gave the Florida Financial Services Commission the authority to adopt the below referenced rules regarding the arbitration of rate filings. 

However, Section 627.062(6), F.S. has since been amended to remove the arbitration provisions.  Therefore, the Rules are no longer relevant and the OIR has commenced the process to completely repeal them.

If requested in writing within 21 days of publication of the attached notice, a Rule Hearing will be held on February 27, 2012 at 10:30 a.m. at the OIR, 142 Larson Building, 200 East Gaines Street, Tallahassee, Florida. 

A list of the Rules that are proposed for repeal are provided below.

 

RULE NUMBER:                           RULE TITLE:

69O-170.101                                  Title Scope, Application, and Purpose

69O-170.103                                  Demand for Arbitration and response

69O-170.105                                  Costs, Expenses and Fees of the Arbitration

69O-170.107                                  Procedure for Arbitration

69O-170.109                                  Selection of the Arbitration Panel

69O-170.111                                  Scope of the Evidence in a Rate Filing Arbitration

69O-170.113                                  Computation of Time; Service by Mail

69O-170.115                                  Filing and Service of Papers; Signing

69O-170.117                                  Discovery

69O-170.119                                  Subpoenas and Witnesses; Fees

69O-170.121                                  Official Recognition of Facts

69O-170.123                                  Motion Hearing by Telephone

69O-170.126                                  Pre-hearing Conference; Pre-hearing Stipulation

69O-170.127                                  Notice of Final Hearing; Scheduling

69O-170.129                                  Conduct of Proceedings

69O-170.131                                  Conduct of Formal Hearing Evidence

69O-170.133                                  Post-hearing Memorandum

69O-170.135                                  Final Decision and Award

69O-170.137                                  Related Laws and Rules

 

 

Should you have any questions or comments, please contact Colodny Fass.

 

To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com.