Rule 69N-121.066 provides procedures for an informal conference before the Office. The rule is unnecessary as the procedures for the publication of a Report of Examination is governed by section 624.319, F.S. The Report of Examination no longer ...

 

DEPARTMENT OF FINANCIAL SERVICES

OIR - Administration

RULE NO.:RULE TITLE:

69N-121.066Informal Conferences

PURPOSE AND EFFECT: Rule 69N-121.066, F.A.C. provides procedures for an informal conference before the Office. The rule is unnecessary as the procedures for the publication of a Report of Examination is governed by section 624.319, F.S. The Report of Examination no longer requires corrective action or assesses penalties and does not substantially affect the insurer so examined. Accordingly, the rule should be repealed.

SUMMARY: The rule provides a procedure for the disposition of a Report of Examination. The process for the preparation and publication of a Report of Examination is specified in s. 624.319, F.S. Therefore, the rule is not necessary and should be repealed.

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: 20.05(5), 120.53, 624.308 FS.

LAW IMPLEMENTED: 120.53, 120.54, 120.56, 120.57, 120.58, 624.307(1), 624.319, 624.324 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: June 7, 2015, 9:30 a.m.

PLACE: 142 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: Stephen Fredrickson, Email: [e-mail], Office of Insurance Regulation. 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: Stephen Fredrickson, Email: [e-mail], Office of Insurance Regulation

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69N-121.066 Informal Conferences.

Rulemaking Authority 20.05(5), 120.53, 624.308 FS. Law Implemented 120.53, 120.54, 120.56, 120.57, 120.58, 624.307(1), 624.319, 624.324 FS. History–New 1-1-75, Formerly 4-38.37, Amended 2-5-87, Formerly 4-38.037, Amended 12-19-94, Formerly 4-121.066, Repealed__________________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Stephen Fredrickson, Email [e-mail], Office of Insurance Regulation

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

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: April 26, 2016