Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-187 - PROFESSIONAL LIABILITY SELF-INSURANCE TRUST FUNDS
Section 69O-187.006 - Deficit Assessments and Surplus Funds

Universal Citation: FL Admin Code R 69O-187.006

Current through Reg. 50, No. 187; September 24, 2024

(1) In the event of a deficit in any fund year, such deficit shall be made up, either from unencumbered surplus from a fund year or years other than the current fund year; or, upon approval by the Office, by assessment of the membership, if necessary and consistent with sound actuarial principles, or by such alternate method as the Office may approve. The Office shall be notified prior to any transfer of unencumbered surplus funds.

(2) If necessary and consistent with sound actuarial principles, the Fund may issue dividends or refunds to its members as approved by the Office.

(3) All filings shall be submitted electronically to http://www.floir.com/iportal.

Rulemaking Authority 627.357(6), 624.308(1) FS. Law Implemented 624.307(1), 624.424, 627.357 FS.

New 10-7-75, Formerly 4-39.05, Amended 5-10-89, Formerly 4-39.005, 4-187.006, Amended 7-30-17.

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