The Office of Insurance Regulation is updating Chapter 69O-231.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-231.010Purpose

69O-231.020Scope

69O-231.030Definitions

69O-231.040Calculating Penalty

69O-231.070Prosecutorial Discretion

69O-231.080Penalties for Violation of Section 626.611

69O-231.090Penalties for Violation of Section 626.621

69O-231.100Penalties for Violation of Subsection 626.9541(1)

69O-231.110Penalties for Violation of Other Specific Provisions of the Florida Insurance Code

69O-231.120Penalties for Violation of Other Insurance Code Provisions

69O-231.130Penalties for Violation of Department Rules

69O-231.140Penalties for Violation of Department Orders

69O-231.150Criminal Proceedings

69O-231.160Aggravating/Mitigating Factors

PURPOSE AND EFFECT: The Office of Insurance Regulation is updating Chapter 69O-231, F.A.C.

SUMMARY: Rules 69O-231.010, 69O-231.020, 69O-231.030, 69O-231.040, 69O-231.070, 69O-231.080, 69O-231.090, 69O-231.100, 69O-231.110, 69O-231.120, 69O-231.130, 69O-231.140, 69O-231.150, and 69O-231.160, F.A.C. are repealed.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: 624.307(1), 626.611, 626.621, 626.631, 626.641, 626.681, 626.691 FS.

LAW IMPLEMENTED: 624.307(1), 626.601, 626.611, 626.621, 626.631, 626.681, 626.691, 626.9521, 626.9561, 626.9571, 626.9581 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, [e-mail], [phone].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69O-231.010 Purpose.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.631, 626.641, 626.681, 626.691 FS. History–New 7-13-93, Amended 9-23-02, Formerly 4-231.010, Repealed___________.

 

69O-231.020 Scope.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Amended 8-15-00, 9-23-02, Formerly 4-231.020, Repealed________________.

 

69O-231.030 Definitions.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Amended 9-23-02, Formerly 4-231.030, Repealed________________.

 

69O-231.040 Calculating Penalty.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.040, Repealed______________.

 

69O-231.070 Prosecutorial Discretion.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691, 626.9521, 626.9561, 626.9571, 626.9581 FS. History–New 7-13-93, Formerly 4-231.070, Repealed___________.

 

69O-231.080 Penalties for Violation of Section 626.611.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Amended 9-23-02, Formerly 4-231.080, Repealed____________.

 

69O-231.090 Penalties for Violation of Section 626.621.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.090, Repealed_____________.

 

69O-231.100 Penalties for Violation of Subsection 626.9541(1).

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691, 626.9541(1) FS. History–New 7-13-93, Formerly 4-231.100, Repealed___________.

 

69O-231.110 Penalties for Violation of Other Specific Provisions of the Florida Insurance Code.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.110, Repealed______________.

 

69O-231.120 Penalties for Violation of Other Insurance Code Provisions.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.120, Repealed______________.

 

69O-231.130 Penalties for Violation of Department Rules.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.130, Repealed_____________.

 

69O-231.140 Penalties for Violation of Department Orders.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.681, 626.691 FS. History–New 7-13-93, Formerly 4-231.140, Repealed_______________.

 

69O-231.150 Criminal Proceedings.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.601, 626.611, 626.621, 626.631, 626.631(1), 626.681, 626.691 FS. History– New 7-13-93, Amended 9-23-02, Formerly 4-231.150, Repealed____________.

 

69O-231.160 Aggravating/Mitigating Factors.

Rulemaking Authority 626.308 FS. Law Implemented 624.307(1), 626.611, 626.621, 626.631, 626.681, 626.9541 FS. History–New 7-13-93, Formerly 4-231.160, 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