Florida Administrative Code (Last Updated: April 18, 2024) |
69. Department of Financial Services |
69O. OIR – Insurance Regulation |
69O-207. General Provisions For Specialty Insurers |
1(1) The following schedule of fines is hereby adopted by the Commission as a guideline in assessing fines against the referenced entities for the late filing of annual reports or statements as required by law:
36Entity
37A
38B
39Maximum Fine
41(a) Continuing Care
44(Sections 45651.026(1) 46and 47651.015(2)(c), F.S.49)
50$25 per day
53$50 per day
56None
57(b) Health Maintenance Organizations
61(Section 62641.26(3), F.S.64)
65$100 per day
68$200 per day
71$100,000
73(c) Prepaid Health Clinics
77(Section 78641.41(2), F.S.80)
81(Section 637.118(2), F.S.)
84$25 per day
87$50 per day
90None
91(d) Multiple Employer Welfare Arrangements
96(Section 97624.4211(2), F.S.99)
100$100.00 per day
103$200 per day
106$2,500
108(e) Motor Vehicle Service Agreements
113(Sections 114634.137, 115634.131(3), F.S.117)
118$100 per day
121$100 per day
124None
125(f) Home Warranty
128(Section 129634.313(3), F.S.131)
132$25 per day
135$50 per day
138None
139(g) Premium Finance
142(Section 143626.681, F.S.145)
146$12.50 per day
149$25 per day
152$500
153(h) Prepaid Legal
156(Section 157642.0338(2), F.S.159)
160$12.50 per day
163$25 per day
166$1,000
168(i) Service Warranty
171(Section 172634.415(3), F.S.174)
175$50 per day
178$100 per day
181None
182(j) Insurance Administrators
185(Section 186626.894(2), F.S.188)
189$12.50 per day
192$25 per day
195$1,000
197“A” is applicable if the entity filed late last year and filed late this year, but within 5 days after notice or if timely filed last year and late by more than five days after notice in current year. “B” is applicable if the entity filed late last year and filed late in current year more than 5 days after notice.
258(2) The fines provided in subsection (1), above, may be increased or decreased based on the following mitigating and aggravating factors:
279(a) Mitigating:
2811. The entity has given advance notice to the Office that it will be filing late.
2972. Justifiable unforeseen cause not within control of entity.
3063. The entity has timely submitted major portions of the report.
3174. Other mitigating factors as the Office may determine on the facts of the particular situation.
333(b) Aggravating:
3351. The entity has not given prior notice to the Office that it will be filing late.
3522. Adverse financial condition indicated when report is filed.
3613. Past violations by the entity.
3674. Willfully or intentionally failing to file the report.
376(3) The fines referenced in subsection (1), above, are in addition to any other penalties that may be allowed by law, including the summary suspension of authority to transact business until the report is filed.
411(4) For purposes of this rule an annual report or statement, required by law, is deemed received by the Office on the date it is submitted electronically at http://www.floir.com/iportal.
440Rulemaking Authority 442624.308(1), 443634.021, 444634.302, 445634.402, 446634.137, 447641.36, 448641.403, 449651.015 FS. 451Law Implemented 453624.307(1), 454624.424, 455624.442, 456626.681, 457626.894(2), 458627.833, 459634.313(3), 460634.415(3), 461637.118(2), 637.278(2), 637.423, 464641.26(4), 465641.41(2), 466642.0338(2) FS. 468History–New 1-28-91, Formerly 4-120.001, 4-207.001, Amended 7-30-17.
Historical Versions(1)
Select effective date to view different version.Related Statutes:
- 624.307, F.S.
- 624.308, F.S.
- 624.4211, F.S.
- 624.424, F.S.
- 624.442, F.S.
- 626.681, F.S.
- 626.894, F.S.
- 627.833, F.S.
- 634.021, F.S.
- 634.131, F.S.
- 634.137, F.S.
- 634.302, F.S.
- 634.313, F.S.
- 634.402, F.S.
- 634.415, F.S.
- 641.26, F.S.
- 641.36, F.S.
- 641.403, F.S.
- 641.41, F.S.
- 642.0338, F.S.
- 651.015, F.S.
- 651.026, F.S.