Effective date: 6/13/2014
(1) By the day designated in section 627.782(8), F.S. of 2015 and the same day of each year after 2015, licensed title insurance agencies and Florida retail offices of direct-writing title insurance underwriters must electronically submit statistical data to the Office. The submittal shall be accomplished by electronically completing OIR form OIR-EO-2087 “Title Insurance Experience Reporting — Agents and Retail Offices of Direct-Writing Title Insurance Underwriters,” http://www.flrules.org/Gateway/reference.asp?No=Ref-03461 as adopted and incorporated by this reference. The aforementioned form may be obtained from the Office’s web site located at http://www.floir.com/iportal.
(2) OIR form OIR-EO-2087 (New 01/14) “Title Insurance Experience Reporting — Agents and Retail Offices of Direct-Writing Title Insurance Underwriters” shall be completed by title insurance agencies and retail offices of direct-writing title insurance underwriters in accordance with the instructions for each submittal year. The initial submittal shall reflect data for the prior five years ending December 31, 2014. For each year after 2014, the submittal shall, in addition to the data for the current year, include a certificate re-certifying the accuracy and completeness of the prior four years’ data. If significant changes have been discovered in the data submitted in any of the four prior years, a corrected submittal shall be made for that year. Pursuant to section 627.782, F.S., the statistical data is collected for the purposes of analyzing premium rates, retention rates, and the condition of the title insurance industry.
(3) All submittals shall be submitted to the Office at http://www.floir.com/iportal, the industry portal to the Office’s I-File System, as a data filing. A filing shall be considered received by the Office when its arrival in the Office is shown electronically to be on business days between the hours of 8:00 a.m. and 5:00 p.m. eastern standard time. Filings received after 5:00 p.m. shall be considered to be received the next business day.
Rulemaking authorized by Florida Statutes § 624.308. Law Implemented 624.307(1), 627.782 FS. History—New 2-13-95, Formerly 4-186.013, Amended 6-13-14.