Financial Requirements Regarding the Unearned Premium Reserve Liability Account and the Deposit or Bond, General Eligibility Requirements, Annual Statement and Quarterly Reports
DEPARTMENT OF FINANCIAL SERVICES
RULE NOS.:RULE TITLES:
69O-201.005Financial Requirements Regarding the Unearned Premium Reserve Liability Account and the Deposit or Bond
69O-201.008General Eligibility Requirements
69O-201.012Annual Statement and Quarterly Reports
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 47 No. 25, February 8, 2021 issue of the Florida Administrative Register.
The changes are in response to written comments received from the Joint Administrative Procedures Committee.
69O-201.005 Financial Requirements Regarding the Unearned Premium Reserve Liability Account and the Deposit or Bond.
(1) “Gross Written Premiums” means the total amount of premiums paid by the consumer for the entire period of the legal expense insurance contract, including commission. inclusive of commissions for which the corporation is obligated.
(2) through (4) No change.
Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 625.051, 642.023, 642.032 FS. History–New 6-23-92, Formerly 4-201.005, Amended ________________.
69O-201.008 Application for Certificate Authority and Annual Renewal.
(1) Application for Certificate of Authority as a Legal Expense Insurance Corporation
(a) An application for a person applying for a certificate of authority as a legal expense insurance corporation consists of the following:
1. Form OIR-C1-480, “Application for Certificate of Authority Legal Expense Insurance,” effective 3/21 12/18, available at www.flrules.org/XXXXX;
2. through 8. No change.
(b) No change.
(2) No change.
Rulemaking Authority 624.308(1), 642.021(2) FS. Law Implemented 624.307(1), 624.404, 628.4615, 642.019, 642.021, 642.032 FS. History–New 6-23-92, Formerly 4-201.008, Amended ________________.
69O-201.012 Annual Statement and Quarterly Statements.
(1) through (4) No change.
(5)(a) through (b) No change.
(c) Any extension request received less than fifteen (15) days prior to due date will be denied except for unavoidable circumstances, which include but are not limited to:
1. Death of key personnel; or
2. Destruction of records by fire, hurricane, or other natural disasters.
(6) No change.
Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 624.416, 624.424, 642.0301, 642.032 FS. History–New 6-23-92, Formerly 4-201.012, Amended 7-30-17, ________________.
