These rule revisions update the rules to reflect electronic filing process.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-198.010License Continuance

69O-198.012Annual Statement and Quarterly Reports

PURPOSE AND EFFECT: These rule revisions update the rules to reflect electronic filing process.

SUMMARY: The various rules indicate how forms and filings are to be made to the Office. These rule revisions update the rules to reflect the electronic fling process and in some cases the forms have been updated to reflect current practice.

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: 634.402, FS.

LAW IMPLEMENTED: 624.424, 634.405, 634.407, 634.408, 634.4085, 634.415,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, 2017, 9:30 a.m.

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

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Robert Ridenour, Office of Insurance Regulation, E-mail [e-mail].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69O-198.010 License Continuance.

(1)(a) No change. 

(b) Form OIR-A3-110 and a fee of $200.00 should be received by the Office annually in conjunction with the March 1 filing of the annual statement.

(c) A manufacturer or affiliate should use Form OIR-A3-955, which should be received by the Office annually in conjunction with the March 1 filing of the annual statement, together with a fee of $500.00.

(2) No change.

(3) Forms are available at http://www.floir.com/iportal. All filings shall be submitted electronically to http://www.floir.com/iportal.

Rulemaking Specific Authority 634.402 FS. Law Implemented 624.424, 634.408 FS. History–New 12-26-88, Formerly 4-67.010, Amended 3-28-93, Formerly 4-198.010, Amended_______________.

 

69O-198.012 Annual Statement and Quarterly Reports.

(1) An Annual Statement is required to be filed with the Office of Insurance Regulation, Bureau of Specialty Insurers, on or before March 1 of each year on Form OIR-A3-456 (05/90) as incorporated by reference in subsection 69O-198.015(1), F.A.C. If the statement is not complete to include all information requested in the format provided, it will not be deemed filed until all deficiencies are corrected.

(2) Quarterly Reports are required to be filed with the Office of Insurance Regulation, Bureau of Allied Lines, on the form prescribed by the Office. If Quarterly Reports are not complete to include all information requested in the format provided, it will not be deemed filed until all deficiencies are corrected. Failure to file the Quarterly Reports in a timely manner may result in administrative action to suspend or revoke the license.

(3) The Quarterly Reports are due as follows:  

PERIOD	DUE
First Quarter (March 31)	May 15
Second Quarter (June 30)	August 15
Third Quarter (September 30)	November 15

(2) Forms are available at http://www.floir.com/iportal. All filings shall be submitted electronically to http://www.floir.com/iportal.

Rulemaking Specific Authority 634.402 FS. Law Implemented 624.424,  634.415 FS. History–New 12-26-88, Amended 4-26-90, Formerly 4-67.012, 4-198.012, Amended_________________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Robert Ridenour, Office of Insurance Regulation, E-mail [e-mail].

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: THE FINANCIAL SERVICES COMMISSION

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 14, 2017

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: February 23, 2017