The proposed rule amendments will repeal rules that include statutory references that are no longer in effect regarding letters of credit and surety bonds, implement a new rule for reporting requirements under section 497.458(1)(k), F.S., update ...  

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    DEPARTMENT OF FINANCIAL SERVICES

    Division of Funeral, Cemetery, and Consumer Services

    RULE NOS.:RULE TITLES:

    69K-7.009Reporting Requirements for Preneed Licensees Filing an Initial Application to Utilize a Letter of Credit or Surety Bond in Lieu of Maintaining a Trust Fund

    69K-7.0095Preneed Trust fund; financial reports

    69K-7.012Criteria for Filing a Surety Bond in Lieu of Maintaining a Trust Fund

    69K-7.0125Alternative Form of Security for Permanent Outer Burial Receptacle Manufacturers

    69K-7.013Procedures for Filing Claim with the Board

    PURPOSE AND EFFECT: The proposed rule amendments will repeal rules that include statutory references that are no longer in effect regarding letters of credit and surety bonds, implement a new rule for reporting requirements under section 497.458(1)(k), F.S., update existing forms that are incorporated under Rule 69K-1.001, F.A.C., and incorporate a new form under Rule 69K-1.001, F.A.C., for trustees to use for submissions of financial reports when acting as a trustee for a preneed licensee’s preneed trust.

    SUBJECT AREA TO BE ADDRESSED: Rule Chapter 69K-7, F.A.C., Trusts and Trust Funds.

    RULEMAKING AUTHORITY: 497.103(2)(c), 497.283(2)(c), 497.458(1)(e), (1)(k), 497.462(9), FS.

    LAW IMPLEMENTED: 497.283, 497.458(1), 497.462(2)(a), FS.

    IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

    DATE AND TIME: February 28, 2019 at 2:00pm

    PLACE: 111 W. Madison Street, Pepper Building, Room 320, Tallahassee, FL

    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: Ellen Simon at (850)413-4985 or Ellen.Simon@myfloridacfo.com 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: Ellen Simon, Assistant Director, Division of Funeral, Cemetery, and Consumer Services, Department of Financial Services, 200 East Gaines Street, Tallahassee, Florida 32399-0361, (850)413-4985, Ellen.Simon@myfloridacfo.com.

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

Document Information

Subject:
Rule Chapter 69K-7, F.A.C., Trusts and Trust Funds.
Purpose:
The proposed rule amendments will repeal rules that include statutory references that are no longer in effect regarding letters of credit and surety bonds, implement a new rule for reporting requirements under section 497.458(1)(k), F.S., update existing forms that are incorporated under Rule 69K-1.001, F.A.C., and incorporate a new form under Rule 69K-1.001, F.A.C., for trustees to use for submissions of financial reports when acting as a trustee for a preneed licensee’s preneed trust.
Rulemaking Authority:
497.103(2)(c), 497.283(2)(c), 497.458(1)(e), (1)(k), 497.462(9), FS.
Law:
497.283, 497.458(1), 497.462(2)(a), FS.
Contact:
Ellen Simon, Assistant Director, Division of Funeral, Cemetery, and Consumer Services, Department of Financial Services, 200 East Gaines Street, Tallahassee, Florida 32399-0361, (850)413-4985, Ellen.Simon@myfloridacfo.com.
Related Rules: (5)
69K-7.009. Reporting Requirements for Preneed Licensees Filing an Initial Application to Utilize a Letter of Credit or Surety Bond in Lieu of Trusting
69K-7.0095. Preneed Trust fund; financial reports
69K-7.012. Criteria for Filing a Surety Bond in Lieu of Trusting
69K-7.0125. Alternative Form of Security for Permanent Outer Burial Receptacle Manufacturers
69K-7.013. Procedures for Filing Claim with the Board