To require electronic filing of financial reports, associated filings, and related correspondence for specialty insurers regulated by Specialty Product Administration.

 

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

RULE NO: RULE TITLE
69O-207.002: Electronic Filing
PURPOSE AND EFFECT: To require electronic filing of financial reports, associated filings, and related correspondence for specialty insurers regulated by Specialty Product Administration.
SUMMARY OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
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.
SPECIFIC AUTHORITY: 624.308, 624.424, 626.89, 626.9913, 626.99175, 627.836, 634.137, 634.313(5), 634.415, 651.026 FS.
LAW IMPLEMENTED: 626.89, 626.9913, 626.99175, 627.828, 627.838, 634.137, 634.313, 634.415, 642.0301, 651.026 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):
TIME AND DATE: September 19, 2006, 9:30 a.m.
PLACE: Room 142, Larson Building, 200 East Gaines Street, Tallahassee, Florida
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Sandra DuPont, Specialty Product Administration, Office of Insurance Regulation, E-mail: [e-mail].
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this program, please advise the Office at least 5 calendar days before the program by contacting the person listed above.

THE FULL TEXT OF THE PROPOSED RULE IS:

69O-207.002  Electronic Filing.

Financial reports, associated filings and related correspondence for the following specialty insurers shall be submitted electronically to https://iportal.fldfs.com:

(1) Legal Expense Insurance Corporations,

(2) Insurance Administrators,

(3) Viatical Settlement Providers,

(4) Life Expectancy Providers,

(5) Premium Finance Companies,

(6) Motor Vehicle Service Agreement Companies,

(7) Home Warranty Associations,

(8) Service Warranty Associations,

(9) Service Warranty Manufacturers, and

(10) Continuing Care Retirement Providers.

Specific Authority  624.308, 624.424, 626.89, 626.9913, 626.99175, 627.836, 634.137, 634.313(5), 634.415, 651.026 FS.  Law Implemented 626.89, 626.9913, 626.99175, 627.828, 627.838, 634.137, 634.313, 634.415, 642.0301, 651.026 FS.  History–New ________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Sandra DuPont, Specialty Product Administration, Office of Insurance Regulation
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Rich Robleto, Deputy Commissioner, Office of Insurance Regulation
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: July 25, 2006
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: June 2, 2006