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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69O. OIR – Insurance Regulation |
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69O-149. Filing Of Forms And Rates For Life/Health Insurance |
69O-149.040. Change of Status of Small Employer Carrier's Election to Become Risk-Assuming Carrier or Reinsuring Carrier
1(1) Any small employer carrier seeking to change the election made by the carrier under Section 17627.6699(9)(a), F.S., 19to become either a risk-assuming carrier or a reinsuring carrier shall request a change of status, pursuant to paragraph 3869O-149.044(2)(b), 39F.A.C., on Form OIR-B2-1095, State of Florida/Small Employer Carrier’s Application to Modify Previous Election to Become a Risk Assuming or a Reinsuring Carrier, As Required by Section 66627.6699(9), F.S., 68adopted in Rule 7169O-149.044, 72F.A.C.
73(2) Within 60 days after the form and its attached information is filed with the Office, the Office will hold a hearing on the request. Within 30 days after the conclusion of the hearing and the submission of any post-hearing documentation or argument, the Office will approve or disapprove the request, based on the criteria in Section 130627.6699(10)(b), F.S.
132(3) The filing shall be submitted to the Office electronically through http://www.floir.com/iportal.
144Rulemaking Authority 146627.6699(9)(b), 147(17) FS. Law Implemented 151624.424, 152627.6699(9), 153(10), (11) FS. History–New 3-1-93, Amended 11-7-93, 8-4-02, Formerly 4-149.040, Amended 7-30-17.
