The purpose of this rule development is to amend the existing rule to allow mitigation banks established under Part IV of Chapter 373, F.S., to use certain forms of insurance as a means of demonstrating the financial responsibility required pursuant to Section 373.4136(1)(i), F.S. The effect of this rule development would be to establish an additional mechanism for demonstrating the required “financial responsibility for the construction, operation, and long-term management of a mitigation bank” in rule, in accordance with Section 373.4136(11)(a), F.S.