The Commission proposes the rule amendment to update language regarding insurance requirements.

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Florida Athletic Commission

RULE NO.:RULE TITLE:

61K1-4.007Insurance Requirements

PURPOSE AND EFFECT: The Commission proposes the rule amendment to update language regarding insurance requirements.

SUMMARY: Language regarding insurance requirements will be updated.

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 amendment at its Commission meeting, the Commission, 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. No person or interested party submitted additional information regarding the economic impact at that time.

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(2) FS.

LAW IMPLEMENTED: 548.003, 548.0065 FS.

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: Patrick Cunningham, Executive Director, Florida Athletic Commission, 2601 Blair Stone Road, Tallahassee, FL 32399-1016 or telephone [phone].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

61K1-4.007 Insurance Requirements.

(1) Amateur sanctioning organizations are required to secure the following:

(a) Health and accidental death benefit policy for athletes of $10,000 minimum. Any deductible associated with the insurance policy shall not exceed $500 be paid by the promoter and shall not be paid by or charged to the amateur athlete. Any medical expenses in excess of the insurance policy shall be paid by the promoter.

(b) No change.

(2) No change.

(3) Amateur sanctioning organizations are required to ensure that insurance is valid through the duration of the matches.

(4) through (5) No change.

(6) This rule shall be reviewed, and if necessary, repealed, modified, or renewed through the rulemaking process five years from the effective date.

Rulemaking Authority 548.003(2) FS. Law Implemented 548.003, 548.0065 FS. History–New 3-14-13, Amended 6-21-22,         .

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Florida Athletic Commission

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Florida Athletic Commission

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: November 16, 2022

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: December 13, 2022