- (1) The phrase in Sections 627.062(2)(g) and 627.0651(10), F.S., which reads, “for a period of 1 year after the effective date of the filing” relates to rates which have been given final approval by the Office, as well as to rates which have been deemed approved.
- (2) Sections 627.062(2)(g) and 627.0651(10), F.S., allow the Office to disapprove a rate as excessive after the passage of one (1) year from the effective date of a filing, without making a finding that a material misrepresentation or material error was made by the insurer or was contained in the filing.
- (3) For purposes of this rule, the effective date of a filing is the new business effective date.
Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 627.062(2)(g), 627.0651(10) FS. History–New 3-14-96, Formerly 4-170.018.