Reporting of Change of Status Required; Effect on Licensees; Change of Licensee Name

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Board of Employee Leasing Companies

RULE NO.: RULE TITLE:
61G7-10.002: Reporting of Change of Status Required; Effect on Licensees; Change of Licensee Name

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 36 No. 17, April 30, 2010 issue of the Florida Administrative Weekly.

The changes are as follows:

(2) Licensees experiencing a change in status listed below in the left column shall file or do what is listed in the corresponding right column as follows:. All forms listed below are incorporated by reference and available from the Board Office at 1940 North Monroe Street, Tallahassee, Florida 32399-0750 or from the website at http://www.myflorida.com/dbpr/pro/emplo/forms.html.

 

CHANGE IN STATUS	NEEDED ACTION BY COMPANY,
	GROUP, OR CONTROLLING PERSON
(a) through (c) No change.
(d) Sale or transfer of company stock which causes a change in controlling person(s) or other changes in the information contained in the original application	Controlling Person, effective 03-18-04 and DBPR EL 4511, entitled Application for Certificate of Approval for Change of Ownership, effective 03-18-04, where applicable. The above forms are incorporated by reference and available from the Board office or from the website at www.myflorida.com. http://www.myflorida.com/dbpr/pro/emplo/forms.html
(d)(e) Sale or transfer of company stock which causes a change in control	Form DBPR Change of Ownership application EL 4511, “Application for Certificate of Approval for Change of Ownership,” effective May, 2011, which causes a change in control and where applicable, controlling person license application for each new controlling person, Form DBPR EL 4510, “Application for Licensure as an Employee Leasing Company Controlling Person,” effective May, 2011 and Historical Sketch form, Form DBPR EL 4512, “Historical Sketch,” effective May, 2011, where applicable. www.myflorida.com.
(e)(f) Sale or transfer of a majority of Florida business assets	Form DBPR EL 4511, “Application for Certificate of Approval for Change of Ownership,” effective May, 2011, EL-4511, new company application if buyer not already licensed, and fee from buyer old license does not transfer but remains with seller; unless already licensed, new controlling person license application and fee for each new controlling person.
(f)(g) No change.
(g)(h) No change.
(h)(i) Controlling person resigns from Company A and is employed by Company B as controlling person	notification to Board from Company A and controlling person; notification to Board from Company B regarding new controlling person no new application or fee needed from controlling person license goes with controlling person; $5 transfer fee from controlling person.

 

(3) The notification required in subsection (1) shall be submitted to the executive director by certified mail within 14 days of a change in a licensee’s status. Within 30 days of a change in its status, the licensee, or other entity resulting from such change or both, shall submit new applications, new financial or other information, and new or additional fees to the Board’s office as needed to comply with Part XI of Chapter 468, F.S., and the rules of this Board, by any form of mail that provides the sender with delivery confirmation.

(4) through (5) No change.

(6) In the event of a change in status of controlling person pursuant to paragraph (2)(h) or (i), as outlined above, the controlling person and all employee leasing companies involved the company to which the controlling person has moved shall submit notifications to the Board of the acceptance of the controlling person’s transfer., along with a $25 fee for the change of company name on the individual’s license.

(7) No change.

(8) In the event of a change in ownership pursuant to paragraph (2)(d), (2)(e), or (2)(f) above, the new owner or owners must demonstrate that workers compensation coverage is in effect during the change of ownership and at all time subsequent thereto for the employees of the acquired entity by providing a certificate of coverage from an insurance carrier that is admitted in the State of Florida naming the new owner or owners as the insurer.

THE PERSON TO BE CONTACTED REGARDING THESE CHANGES IS: Richard Morrison, Executive Director, Board of Employee Leasing Companies, 1940 North Monroe Street, Tallahassee, Florida 32399-3255.