The Office of Insurance Regulation (Office) is updating Chapter 69O-193.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-193.001Purpose and Scope

69O-193.007Manager or Management Company

69O-193.010Place

69O-193.015Expansion of a Facility

69O-193.028Feasibility Studies

69O-193.045Administrative Supervision Proceedings

69O-193.048Letters of Credit

69O-193.060Background Information

69O-193.065Forms Incorporated by Reference

PURPOSE AND EFFECT: The Office of Insurance Regulation (Office) is updating Chapter 69O-193, F.A.C..

SUMMARY: Chapter 2019-160, Laws of Florida, amended and created new sections in Chapter 651, F.S. The Office is amending Chapter 69O-193 to comply with these statutory changes, as well as amending and repealing existing rules. The Office is repealing nine rules in Chapter 69O-193.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: Agency personnel familiar with the subject matter of the rule amendment have performed an economic analysis of the rule amendment that shows that the rule amendment is unlikely to have an adverse impact on the State economy in excess of the criteria established in Section 120.541(2)(a), Florida Statutes.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 624.308(1), 651.015(1), (3) FS.

LAW IMPLEMENTED: 624.307(1), 651.011, 651.018. 651.021, 651.022, 651.023, 651.0235, 651.024, 651.026, 651.033, 651.035, 651.1151, FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Michael Lawrence, Jr., Assistant General Counsel, Office of Insurance Regulation, [e-mail], [phone].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69O-193.001 Purpose and Scope.

Rulemaking Authority 651.015 FS. Law Implemented 651 FS. History–New 6-25-90, Formerly 4-45.010, 4-193.001, Repealed_______________.

 

69O-193.007 Manager or Management Company.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.022, 651.023, 651.026, 651.1151 FS. History–New 7-16-92, Formerly 4-193.007, Repealed_______________.

 

69O-193.010 Place.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.011(5) FS. History–New 7-16-92, Formerly 4-193.010, Repealed_______________.

 

69O-193.015 Expansion of a Facility.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.021 FS. History–New 7-16-92, Formerly 4-193.015, Repealed_______________.

 

69O-193.028 Feasibility Studies.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.021, 651.022, 651.023 FS. History–New 7-16-92, Formerly 4-193.028, Repealed_______________.

 

69O-193.045 Administrative Supervision Proceedings.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.018 FS. History–New 7-16-92, Formerly 4-193.045, Repealed_______________.

 

69O-193.048 Letters of Credit.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.035 FS. History–New 7-16-92, Formerly 4-193.048, Repealed_______________.

 

69O-193.060 Background Information.

Rulemaking Authority 651.015(3) FS. Law Implemented 651.022(2)(c), 651.023, 651.0235, 651.026 FS. History–New 7-16-92, Formerly 4-193.060, Repealed_______________.

 

69O-193.065 Forms Incorporated by Reference.

Rulemaking Authority 624.308(1), 651.013, 651.015(1), (3) FS. Law Implemented 624.307(1), 651.021, 651.022, 651.023, 651.024, 651.026, 651.033, 651.035 FS. History–New 6-25-90, Formerly 4-45.035, Amended 7-16-92, 11-29-98, 12-24-03, Formerly 4-193.065, Repealed_______________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Michael Lawrence, Jr., Assistant General Counsel

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Financial Services Commission

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: December 3, 2019

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: September 30, 2019