How did We Get Here?
For almost three years now, FLTA has been working with our regulators to help design a well-thought out data call to be used to capture both agency and underwriter information. While we all recognize that any requirement to gather and report data will be a burden, if not an outright “Pain in the Neck” – our providing good data is the price of having accurate promulgated rates. So, as an industry, we have supported the adoption of the new data call statute and coordinated many hours of live meetings, conference calls and discussion as we offered our comments and suggestions on what a good data call should include.
We involved agents, attorney-agents, and insurers at each stage in the development process. We coordinated over 75 hours of live meetings and workshops with broad participation from the industry.
FLTA has worked hard to make certain that all of our members were kept informed in bulletins, our newsletters, on the monthly Agent Calls, and live presentations by regulators and industry leaders at the 2012 and 2013 annual conventions.
Please keep in mind that the information submitted is exempt from public records disclosure and the OIR will only release aggregate non-identifiable information. §626.84195, Fla. Stat. (2013).
We're in the final stages of the development process. OIR has incorporated several of our suggestions from the proposed rule development workshop held on March 14, 2013 under §120.54(2)(a), Fla. Stat. (2013) and the revised rule drafts have now been approved for publication by the Governor and Cabinet as a proposed rule under §120.54(3)(b), Fla. Stat. (2013).