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.

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

RULE NO: RULE TITLE
69O-136.019: Insurance Administrator Annual Report and Licensure Application
PURPOSE AND EFFECT: 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.
SUMMARY: The forms reflect 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 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: 626.8991 FS.
LAW IMPLEMENTED: 626.8805, 626.89 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 3, 2007, 9:30 a.m.
PLACE: Room 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 calendar days before the workshop/meeting by contacting: Sandra DuPont, Specialty Product Administration, 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: Sandra DuPont, Specialty Product Administration, Office of Insurance Regulation, E-mail: [e-mail]

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.  The forms may be viewed at the Office’s website: http://www.floir.com/pdf/OIR-C1-1075.pdf and http://www.floir.com/pdf/OIR-A3-975.pdf.

(2) Form OIR-C1-1075, “Application for Certificate of Authority – Insurance Administrator” (REV 02/07), 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 02/07), is hereby incorporated by reference and is to be submitted to the Office of Insurance Regulation to report financial information.

(4) All forms submitted for review or approval shall be submitted electronically to http://iportal.fldfs.com.

Specific Authority 626.8991 FS. Law Implemented 626.8805, 626.89 FS. 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 AGENCY HEAD: February 16, 2006
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: November 23, 2005