Section 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 69O-190.060 and 69O-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 69O-190.059, F.A.C.(b) Annual Summary Loss Reports on each member pursuant to paragraph 69O-190.062(1)(a), F.A.C.(c) Annual Payroll Reports on each member pursuant to paragraph 69O-190.062(1)(b), F.A.C.(d) Quarterly Financial Statements pursuant to Rule 69O-190.059, F.A.C., and Status Reports pursuant to paragraph 69O-190.062(1)(c), F.A.C.(e) Proof of servicing pursuant to Rule 69O-190.031, F.A.C.(f) Proof of excess coverage pursuant to Rules 69O-190.061 and 69O-190.035, F.A.C.(g) Copies of endorsements to excess policies pursuant to Rule 69O-190.036, F.A.C.(h) Copies of surety bonds or riders pursuant to Rules 69O-190.060 and 69O-190.032, F.A.C.(i) Proof of cash securities pursuant to Rule 69O-190.032, F.A.C.(j) Reporting changes in coverage of the membership pursuant to subsection 69O-190.062(3), F.A.C.(k) Changes in by-laws or trust agreement and written policies pursuant to subsection 69O-190.064(20), F.A.C.(l) Fidelity bonds, riders, insurance policies or endorsements pursuant to subsection 69O-190.064(5), F.A.C.(m) Copies of new member applications pursuant to subsection 69O-190.062(2), F.A.C.(n) Estimated Breakdown of Policy Year Expenses pursuant to subsection 69O-190.059(6), F.A.C.(4) Whenever the Office determines that the fund has knowingly submitted an application containing false or misleading information, the Office 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 Office may proceed with revocation of the self-insurer status of the fund.Fla. Admin. Code Ann. R. 69O-190.058
Rulemaking Authority 440.39(1)(b), (2)(b), 624.4621 FS. Law Implemented 440.39(1)(b), (2)(b), 624.4621 FS.
New 10-1-82, Amended 12-25-84, Formerly 38F-5.58, Amended 12-19-93, Formerly 38F-5.058.New 10-1-82, Amended 12-25-84, Formerly 38F-5.58, Amended 12-19-93, Formerly 38F-5.058.