Fla. Admin. Code Ann. R. 69O-138.003 - Market Conduct Exam Methodology

The Office will prioritize scheduling and conducting market conduct examinations of insurers and other entities regulated by the Office based on the following selection methodology.

(1) Priority 1 - Statutorily Required Examinations:

(a) Pharmacy Benefit Managers, pursuant to s. 626.8828, F.S.,

(b) Citizens Property Insurance Corporation, pursuant to s. 627.351(6)(l), F.S., and

(c) Premium Finance Companies, pursuant to s. 627.834, F.S.

(2) Priority 2 - Post-hurricane Required Examinations.

(3) Priority 3 - Identified Market Concerns:

(a) Potentially hazardous business practice identified to be negatively affecting consumers,

(b) Companies for re-examinations, and

(c) Multi-state examinations.

(4) Priority 4 - Non-statutory Examinations:

(a) Complaint data analysis,

(b) Other state actions,

(c) Market Conduct Annual Statement (MCAS) data, and

(d) Any other conditions for examination as deemed warranted by the Office.

Notes

Fla. Admin. Code Ann. R. 69O-138.003

Rulemaking Authority 624.308(1), 624.3161 FS. Law Implemented 624.3161 FS.

Adopted by Florida Register Volume 49, Number 244, December 19, 2023 effective 1/2/2024.

New 1-2-24.