Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-138 - FINANCIAL EXAMINATIONS AND REQUIREMENTS
Section 69O-138.003 - Market Conduct Exam Methodology
Universal Citation: FL Admin Code R 69O-138.003
Current through Reg. 50, No. 187; September 24, 2024
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.
Rulemaking Authority 624.308(1), 624.3161 FS. Law Implemented 624.3161 FS.
New 1-2-24.
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