Repeals Rule 69O-143.045, Florida Administrative Code.  

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    DEPARTMENT OF FINANCIAL SERVICES
    OIR – Insurance Regulation

    RULE NO.: RULE TITLE:
    69O-143.045: Definitions

    PURPOSE AND EFFECT: Repeals Rule 69O-143.045, Florida Administrative Code.

    SUMMARY: Rule 69O-143.045, Florida Administrative Code, was originally promulgated in the early 1970s. The rule defines a list of insurance terms. Many of the terms defined in the rule are inconsistent with portions of the Insurance Code. As result of these inconsistencies, this rule should be repealed.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 repeal have performed an economic analysis of the rule repeal that shows that the rule repeal 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: 624.308 FS.
    LAW IMPLEMENTED: 624.307(1), 624.317, 624.318, 624.424(6), 628.251, 628.461, 628.801 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: August 16, 2012, 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: Debra Seymour, Office of Insurance Regulation, E-mail Debra.Seymour@floir.com. 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: Debra Seymour, Office of Insurance Regulation, E-mail Debra.Seymour@floir.com

     

    THE FULL TEXT OF THE PROPOSED RULE IS:

    69O-143.045 Definitions.

    Rulemaking Specific Authority 624.308 FS. Law Implemented 624.307(1), 624.317, 624.318, 624.424(6), 628.251, 628.461, 628.801 FS. History–New 12-16-70, Formerly 4-26.01, 4-26.001, 4-143.045, Repealed_________.

     

    NAME OF PERSON ORIGINATING PROPOSED RULE: Debra Seymour, Office of Insurance Regulation, E-mail Debra.Seymour@floir.com

    NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: The Financial Services Commission

    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: June 26, 2012

Document Information

Comments Open:
7/20/2012
Summary:
Rule 69O-143.045, Florida Administrative Code, was originally promulgated in the early 1970s. The rule defines a list of insurance terms. Many of the terms defined in the rule are inconsistent with portions of the Insurance Code. As result of these inconsistencies, this rule should be repealed.
Purpose:
Repeals Rule 69O-143.045, Florida Administrative Code.
Rulemaking Authority:
624.308, FS.
Law:
624.307(1), 624.317, 624.318, 624.424(6), 628.251, 628.461, 628.801, FS.
Contact:
Debra Seymour , Office of Insurance Regulation, E-mail Debra.Seymour@floir.com.
Related Rules: (1)
69O-143.045. Definitions