Rules 69O-196.007, and .015, F.A.C., are being amended to update forms OIR-A3-107 “Annual Report,” OIR-C1-958, “Application for License Premium Finance Company,” OIR-A3-453, “Premium Finance Company Surety Bond,” OIR-C1-454, ....

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-196.007Annual Reports

69O-196.015Application for and Issuance of License and License Continuance

PURPOSE AND EFFECT: Rules 69O-196.007, and .015, F.A.C., are being amended to update forms OIR-A3-107 “Annual Report,” OIR-C1-958, “Application for License Premium Finance Company,” OIR-A3-453, “Premium Finance Company Surety Bond,” OIR-C1-454, “Personal Financial Statement,” OIR-A3-1563, “Application for Renewal of License Premium Finance Company.” The changes remove the invoices from these forms which are no longer needed due to changes in payment processing, improves formatting, and updates addresses.

In addition, a reference to Form OIR-C1-144, “Service of Process Consent & Agreement,” is being removed because that form is not required for this application. The names of Forms OIR-C1-1423, “Uniform Certificate of Authority Application (UCAA) Biographical Affidavit,” and OIR-C1-957, “Instructions for Statutory Compliance of Forms: Premium Finance Companies,” are being corrected to match the names on the adopted forms.

Finally, cross references to Rule 69O-136.100, F.A.C. are being added to show where forms OIR-C1-905, OIR-C1-938, OIR-C1-1423, and OIR-C1-221 are incorporated by reference.

SUBJECT AREA TO BE ADDRESSED: Premium Finance Companies

RULEMAKING AUTHORITY: 624.308(1). 627.828(2), 627.836(2), F.S.

LAW IMPLEMENTED: 624.321(1)(a), 624.424, 627.828, 627.829, 627.836, F.S.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Kama Monroe, Assistant General Counsel, [e-mail], [phone].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.