Florida Regulations 69O-190.058

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§ 69O-190.058 Conditions for Retaining the Self-Insurance Privilege of Self-Insurers Funds.

(1) The self-insurance privilege of a self-insurers fund is granted continuously until revoked.

(2) A review of all self-insurers fund programs will be made annually. As a result of such reviews, changes in the prior requirements to self-insure or the imposition of additional requirements in order to continue to be self-insured may be made pursuant to Rules 4- 190.060 and 4- 190.061, F.A.C. (3) In addition to complying with the continuing requirements for self-insurance, all self-insurers funds shall be required to submit the following documents and reports on a continuing basis: (a) Annual financial statements, audited financial statements, and actuarial reports pursuant to Rule 4- 190.059, F.A.C. (b) Annual Summary Loss Reports on each member pursuant to Rule 4- 190.062(1)(a), F.A.C. (c) Annual Payroll Reports on each member pursuant to Rule 4- 190.062(1)(b), F.A.C. (d) Quarterly Financial Statements pursuant to Rule 4-190.059, F.A.C., and Status Reports pursuant to Rule 4- 190.062(1)(c), F.A.C. (e) Proof of servicing pursuant to Rule 4-190.031, F.A.C. (f) Proof of excess coverage pursuant to Rules 4-190.061 and 4-190.035, F.A.C. (g) Copies of endorsements to excess policies pursuant to Rule 4-190.036, F.A.C. (h) Copies of surety bonds or riders pursuant to Rules 4-190.060 and 4-190.032, F.A.C. (i) Proof of cash securities pursuant to Rule 4-190.032, F.A.C. (j) Reporting changes in coverage of the membership pursuant to Rule 4- 190.062(3), F.A.C. (k) Changes in by-laws or trust agreement and written policies pursuant to Rule 4- 190.064(20), F.A.C. (l) Fidelity bonds, riders, insurance policies or endorsements pursuant to Rule 4- 190.064(5), F.A.C. (m) Copies of new member applications pursuant to Rule 4- 190.062(2), F.A.C. (n) Estimated Breakdown of Policy Year Expenses pursuant to Rule 4- 190.059(6), F.A.C. (4) Whenever the Division determines that the fund has knowingly submitted an application containing false or misleading information, the Division may proceed with revocation of the self-insurer status of the fund. (5) If any fund intentionally submits any false or misleading document or report required by these rules, the Division may proceed with revocation of the self-insurer status of the fund. Specific Authority 440.39(1)(b), (2)(b), 440.57 FS. Law Implemented 440.39(1)(b), (2)(b), 440.57 FS. History–New 10-1-82, Amended 12-25-84, Formerly 38F-5.58, Amended 12-19-93, Formerly 38F-5.058.