Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-154 - HEALTH INSURANCE POLICIES
Section 69O-154.115 - Designation of Election to Become a Risk-Assuming or Reinsuring Carrier
Universal Citation: FL Admin Code R 69O-154.115
Current through Reg. 50, No. 187; September 24, 2024
(1)
(a) All
individual health insurance issuers shall file a designation with the Office of
their election to become either a risk-assuming or a reinsuring
carrier.
(b) The individual issuer
desiring to be a risk-assuming or reinsuring carrier shall use Form OIR-B2-1311
(rev. 8/03),
http://www.flrules.org/Gateway/reference.asp?No=Ref-08294,
State of Florida/Individual Carrier's Application to Become a Risk Assuming
Carrier or a Reinsuring Carrier, which is hereby adopted and incorporated and
may be obtained from the Office's website: http://www.floir.com/iportal, as
required by Section 627.6475(5),
F.S.
(2)
(a) The Office shall provide notice by
publication of the individual issuer's designation of election to become a risk
assuming or reinsuring carrier, and shall allow 21 days from the date of
publication to receive comment prior to making its decision on the
election.
(b) The Office shall hold
a hearing on the election if requested by the carrier.
(3) The Office shall approve or disapprove any application within 60 days of receipt of the application, based on the criteria in Section 627.6475(6), F.S., for risk assuming carriers or Section 627.6475(7), F.S., for reinsuring carriers.
Rulemaking Authority 624.308, 627.6475(9) FS. Law Implemented 624.424, 627.6475, 627.6487(9) FS.
New 9-19-00, Formerly 4-154.115, Amended 7-30-17.
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