Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-170 - PROPERTY AND CASUALTY INSURANCE RATING
Section 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.