AND SUMMARY: To adopt forms Insurance Administrators must submit to the Office of Insurance Regulation to apply to do business in Florida and to submit financial information. The forms reflect new 2005 legislation, which in part requires Insurance ...

Office of Insurance Regulation

RULE NO.: RULE TITLE:

69O-136.019 Insurance Administrator Annual Report and Licensure Application

PURPOSE, EFFECT, AND SUMMARY: To adopt forms Insurance Administrators must submit to the Office of Insurance Regulation to apply to do business in Florida and to submit financial information. The forms reflect new 2005 legislation, which in part requires Insurance Administrators to submit audited financial statements.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.

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

SPECIFIC AUTHORITY: FS.

LAW IMPLEMENTED: FS.

IF REQUESTED IN WRITING WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME, AND PLACE SHOWN BELOW (IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

DATE AND TIME: April 5, 2006, 9:00 a.m.

PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: , , Office of Insurance Regulation, E-mail @fldfs.com

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this program, please advise the Office at least 5 calendar days before the program by contacting the person listed above.

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69O-136.019 Insurance Administrator Annual Report and Licensure Application.

(1) The forms adopted in subsections (2) and (3) below, are forms that Insurance Administrators must submit to the Office of Insurance Regulation to apply to do business in Florida and to report financial information. All forms may be obtained from the Office’s website: www.floir.com. All forms may be reproduced at will.

(2) Form OIR-C1-1075, “Application for Certificate of Authority – Insurance Administrator” (REV 12/05), is hereby incorporated by reference and is to be submitted to the Office of Insurance Regulation when applying to do business in Florida.

(3) Form OIR-A3-975, “Insurance Administrator Annual Report” (REV 12/05), is hereby incorporated by reference and is to be submitted to the Office of Insurance Regulation to report financial information.

Specific Authority 626.8991 F.S. Law Implemented 626.8805 FS., 626.89 F.S. History–New________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Sandra DuPont, Specialty Product Administration, Office of Insurance Regulation

NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Rich Robleto, Deputy Commissioner, Office of Insurance Regulation

DATE PROPOSED RULE APPROVED BY THE AGENCY HEAD: February 16, 2006

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN THE FAW: November 23, 2005

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