The Commission proposes to promulgate and adopt the new rule to set the requirements for insurance for professional licenses licensed under Chapter 458, F.S., and by moving the requirements to a chapter designated strictly for professional licensees ...

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

State Boxing Commission

RULE NO.:RULE TITLE:

61K1-3.015Insurance Requirements

PURPOSE AND EFFECT: The Commission proposes to promulgate and adopt the new rule to set the requirements for insurance for professional licenses licensed under Chapter 458, F.S., and by moving the requirements to a chapter designated strictly for professional licensees and updating the rule to match industry standards.

SUMMARY: The rule amendment will set forth the requirements for insurance of professional licensees licensed under Chapter 548, F.S., by moving the requirements to a chapter designated strictly for professional licensee and updating the rule to match industry standards.

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: During discussion of the economic impact of this rule at its Board meeting, the Board, based upon the expertise and experience of its members, determined that a Statement of Estimated Regulatory Costs (SERC) was not necessary and that the rule will not require ratification by the Legislature. The agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs. The information expressly relied upon and described herein:

• There will be no adverse economical impact on small businesses.

• There will be no regulatory cost increase over $200,000.

• There will be no ascertainable indirect costs over $200,000.

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: 548.003 FS.

LAW IMPLEMENTED: 548.049 FS.S

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: Paul Waters, Executive Director, Florida State Boxing Commission, 1940 North Street, Tallahassee, Florida 32399-1016

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

61K1-3.015 Insurance Requirements.

(1) The promoter of a program of matches shall ensure that each participant in a match held in Florida is covered by insurance for medical, surgical and hospital care for injuries sustained while engaged in a match as described in Section 548.049, F.S., for an amount not less than $20,000 for each participant.

(2) In addition, the promoter shall provide life insurance for each participant for an amount not less than $20,000 covering death caused by injuries received while engaged in a match.

(3) The promoter shall provide evidence of the insurance coverage described above and shall file with the commission a copy of the insurance certificate and declaration page no later than at the weigh-in.

(4) If, at the time of weigh-in, the promoter fails to provide evidence of insurance as required above, the permit shall not be issued or, if issued, shall be suspended and the program of matches shall be cancelled.

(5) The promoter shall ensure that insurance coverage is valid and applies for the duration of each match.

Rulemaking Authority 548.003, 548.049 FS. Law Implemented 548.049 FS. History– New ________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: State Boxing Commission

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: State Boxing Commission

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: October 17, 2014

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: May 14, 2014