DEPARTMENT OF FINANCIAL SERVICES
Division of Insurance Agents and Agency Services
RULE NO.:RULE TITLE:
69B-221.075Power of Attorney; Penal Sum of Bond; Not Applicable to Automobile Clubs
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. 39, No. 168, August 28, 2013 issue of the Florida Administrative Register.
Rule subsections 69B-221.075(2), (3) and (4) have been amended to read:
(1) No change.
(2) The Department shall approve the power of attorney form of an insurer to accompany an appearance bond posted at the jail that includes the following:
(a) The full name and address phone number of the surety company issuing the power.
(b) through (e) No Change.
(f) If the form contains multiple copies, then tThe number of pages or copies to be a part of the form and the identity of each party to receive a part of the form. Examples include: defendant, court, clerk, insurer, bail bond agent.
(g) through (j) No change.
(3) The Department shall approve the qualifying power of attorney form of an insurer used to register a bail bond agent with the clerk of the court in Florida that includes the following:
(a) The full name and address of the surety company issuing the qualifying power of attorney, as shown on the records of the Office of Insurance Regulation.
(b) The name of the licensed bail bond agent being appointed to represent the surety company on the form.
(c) The name and location of the court where the qualiflying power of attorney is being filed.
(d) A unique number that will be assigned to each qualifying power of attorney form issued by the company.
(e) The maximum amount the named bail bond agent may issue a bail bond on behalf of the surety company.
(f) The date the qualifying power of attorney appointment will expire for each form executed.
(g) The form must be executed by an authorized company official who appears on the records of the Office of Insurance Regulation.
(h) The corporate seal of the surety company.
(i) A section that provides for the form to be duly notarized to allow it to be properly recorded in the county where the bail bond agent is being appointed to represent the surty company.
(4)(3) The Department shall advise the insurer of approval of the power of attorney via email.
