To allow insurers to utilize modern systems for holding and transferring securities without physical delivery of securities certificates.

DEPARTMENT OF FINANCIAL SERVICES
OIR Insurance Regulation

RULE NO: RULE TITLE
69O-143.041: Definitions
69O-143.042: Custody Agreement; Requirements
PURPOSE AND EFFECT: To allow insurers to utilize modern systems for holding and transferring securities without physical delivery of securities certificates.
SUBJECT AREA TO BE ADDRESSED: Insurer Assets.
SPECIFIC AUTHORITY: 624.308(1), 628.511(4) FS.
LAW IMPLEMENTED: 624.307(1), 625.55, 628.511 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE TIME, DATE AND PLACE SHOWN BELOW:
TIME AND DATE: May 12, 2006, 9:30 a.m.
PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Steve Szypula, Product and Casualty Financial Oversight, Office of Insurance Regulation, E-mail [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Steve Szypula, Product and Casualty Financial Oversight, Office of Insurance Regulation, E-mail [e-mail].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.