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

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-199.008General Eligibility Requirements

69O-199.010License Renewal

69O-199.012Annual Statement and Quarterly Reports

69O-199.015Forms Incorporated by Reference

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.

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: 634.302, 634.308(1)(a), FS.

LAW IMPLEMENTED: 624.307(1), 624.424, 634.304, 634.306, 634.307, 634.3073, 634.3077, 634.313, 634.315, 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.

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: Robert Ridenour, Office of Insurance Regulation, E-mail [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: Robert Ridenour, Office of Insurance Regulation, E-mail [e-mail].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69O-199.008 General Eligibility Requirements.

(1) through (4) No change.

(5) All filings shall be submitted electronically to http://www.floir.com/iportal.

Rulemaking Specific Authority 634.302 FS. Law Implemented  624.424, 634.304, 634.306, 634.3073, 634.313 FS. History–New 7-16-92, Amended 4-3-94, Formerly 4-199.008, Amended_____________.

 

69O-199.010 License Renewal.

(1)(a) through (b) No change.

(c) The renewal form and a fee of $200.00 shall be received by the Office annually at least 30 days prior to June 1 of each year. All filings shall be submitted electronically to http://www.floir.com/iportal.

(d) No change.

(2) No change.

Rulemaking Specific Authority 634.302 FS. Law Implemented 624.424,  634.307 FS. History–New 7-16-92, Amended 4-3-94, Formerly 4-199.010, Amended______________.

 

69O-199.012 Annual Statement and Quarterly Reports.

(1)(a) An annual statement shall be filed with the Office of Insurance Regulation, Bureau of Specialty Insurers, on or before March 1 of each year on the form prescribed by the Office.

(b) No change.

(2) No change.

(3) (a) Quarterly reports shall be filed with the Office of Insurance Regulation, Bureau of Specialty Insurers, on the form prescribed by the Department.

(b) If the quarterly report does not include substantially all information requested in the format provided, it will not be deemed filed until all deficiencies are corrected.

(c) Failure to timely file the quarterly reports may result in administrative action to suspend or revoke the license.

(4) 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

 

(3)(5)(a) Any request for an extension of filing the annual report shall be in writing and the reason(s) for the extension explained in detail.

(b) through (c) No change.

(4) All filings shall be submitted electronically at http://www.floir.com/iportal.

Rulemaking Specific Authority 634.302, 634.308(1)(a) FS. Law Implemented 624.307(1), 624.424, 634.313 FS. History–New 7-16-92, Amended 4-3-94, Formerly 4-199.012, Amended___________.

 

69O-199.015 Forms Incorporated by Reference.

(1) No change.

(2) Forms are available at http://www.floir.com/iportal. These forms are effective on the dates referenced above. Copies of the forms may be obtained from the Office of Insurance Regulation, Bureau of Specialty Insurers, Larson Building, Tallahassee, FL 32399-0300.

Rulemaking Specific Authority 634.302 FS. Law Implemented 624.424,  634.306, 634.3073, 634.3077, 634.313, 634.315 FS. History–New 7-15-90, Formerly 4-118.015, Amended 7-16-92, Formerly 4-199.015, 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