The Office of Insurance Regulation is updating Chapter 69O-235.  

  •  

    DEPARTMENT OF FINANCIAL SERVICES

    OIR – Insurance Regulation

    RULE NO.:RULE TITLE:

    69O-235.003Sale of Certificates of Deposit

    PURPOSE AND EFFECT: The Office of Insurance Regulation is updating Chapter 69O-235, F.A.C.

    SUMMARY: 69O-235.003 is repealed.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 amendment have performed an economic analysis of the rule amendment that shows that the rule amendment 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(1) FS.

    LAW IMPLEMENTED: 517.12, 624.307(1), 626.611, 626.621 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: Michael Lawrence, Jr., Assistant General Counsel, Office of Insurance Regulation, Michael.LawrenceJr@floir.com, (850)413-4112.

     

    THE FULL TEXT OF THE PROPOSED RULE IS:

     

    69O-235.003 Sale of Certificates of Deposit.

    Rulemaking Authority 624.308(1) FS. Law Implemented 517.12, 624.307(1), 626.611, 626.621 FS. History–New 1-16-03 Formerly 4-235.003, Repealed_____________.

     

    NAME OF PERSON ORIGINATING PROPOSED RULE: Michael Lawrence, Jr., Assistant General Counsel

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

    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: December 3, 2019

Document Information

Comments Open:
12/5/2019
Summary:
69O-235.003 is repealed.
Purpose:
The Office of Insurance Regulation is updating Chapter 69O-235.
Rulemaking Authority:
624.308(1) FS.
Law:
517.12, 624.307(1), 626.611, 626.621 FS.
Contact:
Michael Lawrence, Jr., Assistant General Counsel, Office of Insurance Regulation, Michael.LawrenceJr@floir.com, (850) 413-4112.
Related Rules: (1)
69O-235.003. Sale of Certificates of Deposit