Fla. Admin. Code Ann. R. 69L-5.228 - Termination
(1) A FSIGA Member who obtains replacement
coverage and desires to terminate its self-insurance authorization shall advise
the Association in writing within thirty (30) days of the desired termination
date and shall provide proof of replacement coverage in the form of a
certificate of insurance effective as of the desired termination date. If a
certificate of insurance effective as of the desired termination date cannot be
provided, then:
(a) If the certificate of
insurance indicates an effective date prior to the desired termination date,
the certificate must be amended to show Florida being endorsed onto the policy
effective as of the desired termination date or a copy of the endorsement
itself must be attached.
(b) If the
certificate of insurance indicates an effective date subsequent to the desired
termination date, the self-insurance authorization shall be terminated as of
the effective date of the certificate of insurance.
(c) If a FSIGA Member no longer has employees
in the State of Florida and desires to terminate its self-insurance
authorization, the FSIGA Member shall so advise the Association in writing
within thirty (30) days of the desired termination date and shall provide proof
that it no longer has employees in the State of Florida.
(2) A FSIGA Member who voluntarily terminates
its self-insurance authorization or whose self-insurance authorization is
revoked, on or after January 1, 1991, shall continue to file all reports
required by this rule or Chapter 440, F.S., with the Association upon
termination or revocation, until such time as the FSIGA Member has demonstrated
to the Association that there is no remaining value to the claims incurred
while the FSIGA Member was self-insured.
Notes
Rulemaking Authority 440.38(1), (2), (3), 440.385(6), 440.591 FS. Law Implemented 440.38(1), (2), (3), 440.385(1), (3), (6) FS.
New 3-9-10.
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