These rules were identified for repeal after the Department conducted a review of its existing rules to reduce the number of rules that were unnecessary or duplicative.

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Insurance Agent and Agency Services

RULE NOS.:RULE TITLES:

69B-124.021Purpose

69B-124.022Scope

69B-124.023Qualification for Student Loan Not Contingent on Purchase of Insurance from Insurance Company

69B-124.024Disclosure Form

69B-124.025Readability of Statement

PURPOSE AND EFFECT: These rules were identified for repeal after the Department conducted a review of its existing rules to reduce the number of rules that were unnecessary or duplicative.

SUMMARY: Rules 69B-124.021, 69B-124.022, 69B-124.023, 69B-124.024, and 69B-124.025, F.A.C., are being repealed.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: The Department conducted an economic analysis of the potential impact of the proposed rule repeals and determined that there will be no adverse economic impact or regulatory increases that would require legislative ratification.

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(1), FS.

LAW IMPLEMENTED: 626.9541(1)(a), 624.307(1), 626.9551(1)(a), 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 15, 2016, 10:00 a.m.

PLACE: Room 139, Larson Building, 200 E. 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: Ray Wenger, telephone: [phone], email: [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: Ray Wenger, Chief of Investigations, address: 200 E. Gaines Street, Tallahassee, FL 32399, telephone: [phone], email: [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69B-124.021 Purpose.

Rulemaking Authority 624.308(1) FS. Law Implemented 626.9541(1)(a), 624.307(1), 626.9551(1)(a) FS. History–New 11-24-85, Formerly 4-64.01, 4-64.001, 4-124.021, Repealed__________.

 

69B-124.022 Scope.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.9541(1)(a), 626.9551(1)(a) FS. History–New 11-24-85, Formerly 4-64.02, 4-64.002, 4-124.022, Repealed__________.

 

69B-124.023 Qualification for Student Loan Not Contingent on Purchase of Insurance from Insurance Company.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.9541(1)(a), 626.9551(1)(a) FS. History–New 11-24-85, Formerly 4-64.03, 4-64.003, 4-124.023, Repealed__________.

 

69B-124.024 Disclosure Form.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.9541(1)(a), 626.9551(1)(a) FS. History–New 11-24-85, Formerly 4-64.04, 4-64.004, 4-124.024, Repealed__________.

 

69B-124.025 Readability of Statement.

Rulemaking Authority 624.308(1) FS. Law Implemented 624.307(1), 626.9541(1)(a), 626.9551(1)(a) FS. History–New 11-24-85, Formerly 4-64.05, 4-64.005, 4-124.025, Repealed__________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Ray Wenger

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Jeff Atwater, Chief Financial Officer, Department of Financial Services

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: 05/17/2016