Fla. Admin. Code Ann. R. 69O-170.0144 - Public Hurricane Loss Projection Model-Fee Schedule
(1) This rule establishes the procedure and
fee schedule, applicable to residential property insurers, for access and use
of the Public Hurricane Loss Projection Model, authorized by Section
627.06281, F.S.
(2) A residential property insurer that
elects to access and use the Public Hurricane Loss Projection Model shall file
a request, and set up an account with, Florida International University at
http://hldms.cs.fiu.edu. The
fees charged for access and use of the Model, per run, shall be computed as
follows: Fee = $2,400 + 0.03 x POL1 + 0.015 x POL2 + .005 x POL3 where POL1,
POL2, POL3 are number of policies (records) in the policy file. POL1 is equal
to number of policies (records) from 1 to 200,000. POL2 is equal to number of
policies (records) in excess of 200,000 with maximum of 400,000. POL3 is equal
to number of policies (records) in excess of 400,000.
Notes
Rulemaking Authority 627.06281 FS. Law Implemented 627.06281 FS.
New 12-8-08.
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