(1) Each individual self-insurer or multiple-employer welfare arrangement is required to provide proof of compliance with the provisions of this section regarding servicing requirements.
(2) It is the sole responsibility of each individual self-insurer or multiple-employer welfare arrangement to provide for competent persons to service its program in the areas of claims adjusting and underwriting. If the individual self-insurer or multiple-employer welfare arrangement is unable or unwilling to provide any or all of these services through the use of its own employees, it shall contract with outside companies which have the necessary qualifications to provide these services.
(3) It is the responsibility of the self-insurer or multiple-employer welfare arrangement to notify the office within 90 days of changing its method of fulfilling its servicing requirements from those which were previously filed with the office.
History.—s. 4, ch. 83-203; s. 3, ch. 84-94; ss. 206, 207, ch. 90-363; s. 4, ch. 91-429; s. 1005, ch. 2003-261.
Structure Florida Statutes
Chapter 626 - Insurance Field Representatives and Operations
Part VII - Insurance Administrators (Ss. 626.88-626.8991)
626.8805 - Certificate of authority to act as administrator.
626.8814 - Disclosure of ownership or affiliation.
626.8817 - Responsibilities of insurance company with respect to administration of coverage insured.
626.882 - Agreement between administrator and insurer; required provisions; maintenance of records.
626.884 - Maintenance of records by administrator; access; confidentiality.
626.885 - Notice; statement of charge or premium for coverage.
626.886 - Delivery of insurer’s written communications to policyholders.
626.887 - Advertising; approval by insurer.
626.888 - Adjustment or settlement of claims; compensation of administrator.
626.89 - Annual financial statement and filing fee; notice of change of ownership.
626.891 - Grounds for suspension or revocation of certificate of authority.
626.892 - Order of suspension or revocation of certificate of authority; notice.
626.893 - Period of suspension; obligations during suspension; reinstatement.
626.894 - Administrative fine in lieu of suspension or revocation.
626.895 - Definition of “service company” or “service agent.”
626.896 - Servicing requirements for self-insurers and multiple-employer welfare arrangements.
626.897 - Application for authorization to act as service company; bond.
626.898 - Requirements for retaining authorization as service company; recertification.