Fla. Admin. Code Ann. R. 69O-170.018 - Review of Property and Casualty Rates
(1) The phrase in Sections
627.062(2)(g)
and 627.0651(10),
F.S., which reads, "for a period of 1 year after the effective date of the
filing" relates to rates which have been given final approval by the Office, as
well as to rates which have been deemed approved.
(2) Sections
627.062(2)(g)
and 627.0651(10),
F.S., allow the Office to disapprove a rate as excessive after the passage of
one (1) year from the effective date of a filing, without making a finding that
a material misrepresentation or material error was made by the insurer or was
contained in the filing.
(3) For
purposes of this rule, the effective date of a filing is the new business
effective date.
Notes
Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 627.062(2)(g), 627.0651(10) FS.
New 3-14-96, Formerly 4-170.018.
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