Florida Regulations 69O-189.0055: Records and Reports of Information by Workers’ Compensation Insurers Required
Current as of: 2024 | Check for updates
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(1) The Office shall use one or more designated workers’ compensation and employers’ liability insurance statistical agents as designated by the Office through the contract solicitation process.
(2) Each insurer and self-insurance fund as defined in Florida Statutes § 624.461, shall utilize the rules and statistical plans of the Office’s designated statistical agents in the recording and reporting of loss, expense, and claims experience for workers’ compensation insurance.
(3) Any changes or amendments to the statistical plans and rules of the Office’s designated statistical agents are subject to approval by the Office prior to use by insurers and self-insurance funds for Florida experience. Changes or amendments are made when there are economically justifiable reasons made by the industry or the Office.
Rulemaking Authority 624.308(1), 627.914 FS. Law Implemented 624.307(1), 627.914 FS. History-New 12-24-03, Formerly 4-189.0055.
Terms Used In Florida Regulations 69O-189.0055
- Contract: A legal written agreement that becomes binding when signed.
(3) Any changes or amendments to the statistical plans and rules of the Office’s designated statistical agents are subject to approval by the Office prior to use by insurers and self-insurance funds for Florida experience. Changes or amendments are made when there are economically justifiable reasons made by the industry or the Office.
Rulemaking Authority 624.308(1), 627.914 FS. Law Implemented 624.307(1), 627.914 FS. History-New 12-24-03, Formerly 4-189.0055.