DATA CALL NOTICE:
Assignment of Benefits (AOB) Experience Data Call
[Email Address]
This notice is to inform you that you are required to submit information for the Assignment of Benefits (AOB) Experience data call for the following companies:
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Data Call Overview
The Florida Office of Insurance Regulation (OIR) is providing notice that, as a result of the passage of HB 7065, codified as section 627.7152(12), F.S., insurers are required to file the Assignment of Benefits (AOB) Experience data call by January 30, 2023.
The annual AOB Experience Data Call collects information related to each personal and commercial residential property claim paid in the prior calendar year under an assignment agreement. For this data call, insurers must provide information related to each personal and commercial residential property claim paid in Florida between January 1, 2022 and December 31, 2022.
This data call must be completed by insurers licensed in Florida for the following lines of business:
- Allied Lines;
- Commercial Multi-Peril;
- Earthquake;
- Farmowners Multi-Peril;
- Homeowners Multi-Peril;
- Industrial Extended Coverage;
- Industrial Fire;
- Mobile Homeowners Multi-Peril;
- Mobile Homeowners Physical Damage Only; and
- Property (Fire)
A "No Data" option may only be used by insurers with no claims paid under an assignment agreement for calendar year 2022 for the lines of business listed above.
Click the button below to view the template for the AOB Experience Data Call.
Filing Deadline
Deadline: January 30, 2023
How to File
Each Company must submit its filing through the Insurance Regulation Filing System (IRFS). The filing template is active in IRFS.
IRFS Filing Instructions can be accessed here.
Questions: For assistance, please email Research@floir.com or call (850) 413-3147.
About the OIR
The Florida Office of Insurance Regulation (OIR) has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit www.floir.com or follow on Twitter @FLOIR_comm.
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