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NAIC’s Compendium of State Laws on Insurance Topics - page 5 / 22

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NAIC’s Compendium of State Laws on Insurance Topics

RATE FILING METHODS FOR PROPERTY/CASUALTY INSURANCE, WORKER’S COMPENSATION, TITLE

5/06

FL

§ 627.0651

(5/06)

(amendments

pending)

STATE

CITATION

§ 627.062 (amendments pending)

§ 627.062 (amendments pending); Reg. 69O-170.019

file and use (60 days) or use and file, (30 days) (insurer’s option)

auto

file and use (90 days) or use and file (30 days) (insurer’s option)

all other lines except title and worker’s compensation

Maintain documentation to show justification for individual rate or that risk meets definition of a large commercial risk; complete quarterly reports.

individually rated risks and large commercial risks

prior approval

worker’s compensation

rate set by FL Dept.

title

FILING METHOD

LINES

COMMENTS

If use and file rate is found excessive, the insurer must return excise premium.

prior approval (45 day deemer with option to extend by 100 days)

personal private passenger auto

file and use (45 days)

other p/c lines, including worker’s compensation

no filing

large commercial risks

title

Reg. 120-2-77

No provision

Directive 90-PC-6 is filing standard for loss cost.

Any filing may be examined. Increases of 10% to 25% may be examined at the commissioner’s discretion. Greater than requires 25% mandatory examination.

§ 627.091 (amendments pending)

GA (5/06)

§ 627.782 § 33-9-21 (amendments pending)

© 2006 National Association of Insurance Commissioners

II-PA-10-5

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