The purpose of the proposed rule is to clarify the type of license required to transact immigration bond business.

DEPARTMENT OF FINANCIAL SERVICES
Division of Insurance Agents and Agency Services

RULE NO: RULE TITLE
69B-215.080: Immigration Bonds
PURPOSE AND EFFECT: The purpose of the proposed rule is to clarify the type of license required to transact immigration bond business.
SUMMARY: Proposed Rule 69B-215.080, F.A.C., provides that a general lines agent license (2-20) is required to transact surety bond business, including immigration bonds, and that a general lines agent license does not qualify the licensee to transact bail bond business.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
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.
SPECIFIC AUTHORITY: 624.308(1), 648.26(1) FS.
LAW IMPLEMENTED: 626.015(5), 626.112, 626.311, 648.24, 648.30 FS.
IF REQUESTED 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 13, 2010, 2:00 p.m.
PLACE: Room 142, Larson Building, 200 E. Gaines Street, Tallahassee, Florida
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: Richard Brinkley [phone] or [e-mail]. 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 IS: Richard Brinkley, Bureau of Investigations, Division of Insurance Agents and Agency Services, Room 412, Larson Building, Tallahassee, Florida 32399, [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

69B-215.080 Immigration Bonds.

A general lines (2-20) agent license is required in order to transact surety bond business, including immigration bonds, in the State of Florida. A general lines agent license does not qualify the licensee to transact bail bond business. The general lines agent licensee must also be properly appointed by the surety as required by the Florida Insurance Code.

Rulemaking Authority 624.308(1), 648.26(1) FS. Law Implemented 626.015(5), 626.112, 626.311, 648.24, 648.30 FS. History–New ________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Richard Brinkley, Bureau of Investigations, Division of Insurance Agents and Agency Services
NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Alex Sink, Chief Financial Officer
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 4, 2010
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: January 29, 2010