Current through Reg. 50, No. 187; September 24, 2024
(1)
(a)
This rule shall apply to all motor vehicle insurance rates filed pursuant to
sections 627.062 and
627.0651, F.S., except for
provisions which are specifically limited to private passenger motor vehicle
insurance rates.
(b) The
information required by this rule shall be included as a required component of
the filing made pursuant to subsection
69O-170.013(3),
F.A.C.
(c) Filings shall pertain
only to the Private Passenger Automobile Insurance.
(2) Filing Submittal Requirements:
(a)
1. Each
insurer shall file electronically the information required by the I-File System
(IFS) and the Automobile Rate Collection System (ARCS), as adopted in rule
69O-170.0155, F.A.C., at
http://www.floir.com/iportal.
2.
Required supporting documentation referenced in the I-File System or ARCS shall
be provided.
3. Accurate entry of
information into the rate indications workbook component of the I-File System
will result in an aggregate average statewide rate indication developed from
such data. The accuracy and integrity of the information provided shall be the
responsibility of the insurer.
(b) All filings shall identify by program the
percentage of policies written on a 6 month and annual policy
term.
(3) The following
information shall be submitted within the I-File System and ARCS collection
indicated in subparagraph (2)(a)1., above.
(a)
Each rate filing which proposes changes to base rates shall contain separate
rate level indications and support for such indications on a statewide basis
for each type of motor vehicle coverage which the insurer writes in Florida.
This provision shall apply to all rate filings regardless of whether a filing
requests rate changes for one, more than one, or all coverages written. This
subsection shall not apply if a rate change is filed in response to law changes
which relate to specific types of coverage.
(b) Each rate filing which proposes changes
to base rates as to any coverage for which rates vary by territory shall
contain separate support by territory for each type of motor vehicle coverage
for which a proposed rate change is filed. This provision shall apply to each
territory regardless of whether the rate filing requests rate changes for one,
more than one, or all territories.
(c) All rate filings which proposes changes
to base rates shall include calendar/accident year, Florida-only data for
liability coverages and either calendar year or calendar/accident year,
Florida-only data for physical damage coverage.
(d) The expense factors in each private
passenger automobile rate filing shall be divided into the following
categories:
1. Commissions and
brokerages;
2. Other acquisition
expenses;
3. General
expenses;
4. Premium
taxes;
5. Miscellaneous licenses
and fees; and,
6. Other special
expenses.
(4)
Private passenger motor vehicle rates, rating schedules, or rating manuals
shall contain provisions for individual risk premium modification for
collision, personal injury protection, bodily injury liability, and property
damage liability coverage based on, among other factors, at least one aspect of
an insured's driving record unless the insurer demonstrates with adequate
support that failure to do so is not unfairly discriminatory. For purposes of
this subsection, aspects of "driving record" include number or type of
accidents, and number or type of violations.
Rulemaking Authority 624.308(1) FS. Law Implemented
624.307, 624.424, 627.062, 627.0651
FS.
New 11-29-89, Amended 6-9-91, Formerly 4-57.003, Amended
11-2-92, 10-2-96, 3-31-98, 1-25-99, 6-19-03, Formerly 4-175.003, Amended
6-12-07.
