Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Company’s data is reported accurately or in its entirety. The Company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.
Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a company’s data is reported accurately or in its entirety. The company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each *[***]: Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. BY HERITAGE INSURANCE HOLDINGS, INC. Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.
Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCFexposure or Loss data reported by the Company. However, due to the limited nature of theexamination, it cannot be relied upon as an assurance that a Company’s data is reported accurately xxxx its entirety. The Company should not rely on the FHCF to identify every type of reporting error inits data. In addition, the reporting requirements are subject to change each Contract Year so it is theCompany’s responsibility to be familiar with the applicable Contract Year requirements and toincorporate any changes into its data for that Contract Year. It is also the Company’s responsibilityto ensure that its data is reported accurately and to comply with Florida Statutes and any applicablerules when reporting exposure data. The examination report is not intended to provide a legaldetermination of the Company’s compliance. (2) Examination Requirements for Exposure Verification The Company shall retain complete and accurate records, in policy level detail, of all exposure datasubmitted to the SBA in any Contract Year until the SBA has completed its examination of tireCompany’s exposure submissions. The Company shall also retain complete and accurate records ofany completed exposure examination for any Contract Year in which the Company incurred Lossesuntil the completion of the loss reimbursement examination and commutation for that Contract Year.The records to be retained are outlined in the Data Call adopted for the Contract Year under Rule 19- 8.029, F.A.C. A complete list of records to be retained for the exposure examination is set forth inForm FHCF-EAP1, adopted for the Contract Year- under Rule 19-8.030, F.A.C. (3) Examination Requirements for Loss Reports The Company shall retain complete and accurate records of all reported Losses and/or advancessubmitted to the SBA until the SBA has completed its examination of the Company’s reimbursableLosses and commutation for the Contract Year (if applicable) has been concluded. Tire records to beretained are set forth as part of tire Proof of Loss Report, Form FHCF-L1B, adopted for the ContractYear under Rule 19-8.029, F.A.C., and Form FHCF-LAP1, adopted for the Contract Year underRule 19-8.030, F.A.C. (4) Examination Procedures (a) The FHCF will send an examination notice to the Company providing the commencement date of the examination, the site of the examination, any accommodation requirements of the examiner, and the reports...
