This rulemaking will promulgate the application for the new adjusting firm license to implement recent legislation and make other necessary updates.

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Insurance Agent and Agency Services

RULE NO.:RULE TITLE:

69B-211.002General Procedures

PURPOSE AND EFFECT: This rulemaking will promulgate the application for the new adjusting firm license to implement recent legislation and make other necessary updates.

SUMMARY: This rule incorporates several forms necessary for licensure. This rulemaking creates a new license category for adjusting firm and outlines the information required for the newly created license application.

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: The Department’s economic review for this rulemaking.

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.

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: 624.308, 626.161, 626.171, 626.172, 626.9958, FS

LAW IMPLEMENTED: 624.307, 624.321, 624.501, 626.171, 626.172, 626.201, 626.211, 626.271, 626.541, 626.592, 626.611, 626.621, 626.752, 626.793, 626.837, 626.8417, 626.9953, FS

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: David Jones, Chief of the Bureau of Licensing, [phone], [e-mail].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69B-211.002 General Procedures.

(1) through (36) No change.

(37) An applicant for a license as an Adjusting Firm shall complete and submit Form DFS-H2-6365 “Adjusting Firm License Application,” Effective MM/YY, which is incorporated by reference, located at: https://www.flrules.org/Gateway/reference.asp?No=Ref-__________ or https://dice.fldfs.com/public/pb_index.aspx.

(38)(37)(a) All forms required by subsections (3) through (37)(36), above, are hereby adopted and incorporated by reference.

(b) through (d) No change.

Rulemaking Authority 624.308, 626.161, 626.171, 626.172, 626.9958 FS. Law Implemented 624.307(1), 624.321, 624.501, 626.171, 626.172, 626.201, 626.211, 626.271, 626.541, 626.592, 626.611, 626.621, 626.752, 626.793, 626.837, 626.8417, 626.9953 FS. History–New 6-4-92, Amended 5-17-94, 6-7-99, Formerly 4-211.002, Amended 2-20-07, 11-26-14, _________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: David Jones, Chief of the Bureau of Licensing, [phone], [e-mail].

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Jimmy Patronis, Chief Financial Officer

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 29, 2022

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: November 1, 2021