Florida Regulations 69L-5.107

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§ 69L-5.107 Actuarial Reports. (repealed)

Repealed. (03-09-10)

(1) If the division determines the self-insurer does not have the required financial strength to ensure the payment of current and estimated future claims when due, the division shall require the submission of an actuarial report, accompanied by Form |^SI-26|, Actuarial Report Checklist, prepared by a qualified actuary. Form |^SI-26| is hereby incorporated by reference into Rule Chapter 4L-5, F.A.C. The version of the form required by this rule shall bear the date September 1996 (9/96). A copy of the form may be obtained from the Division of Workers' Compensation, Bureau of Monitoring and Audit, Self-Insurance Section, 200 East Gaines Street, Tallahassee, FL 32399-4224. The report shall evaluate the loss development of the company's operations in the state and shall evaluate the loss reserve including loss adjustment expense and incurred but not reported (IBNR) reserves in Florida. (2) Self-insurers qualifying under the alternate method identified in Rule 4L- 5.104, F.A.C., are required to file an actuarial report and Form SI-26 annually in conjunction with their financial summary. Specific Authority 440.38(1), (2) FS. Law Implemented 440.38(1), (2) FS. History-New 5-19-97, Formerly 38F-5.107.