Concurrently repeals all existing rules in Rule Chapter 69L-5, F.A.C., replacing them with proposed new rules which have been restructured and revised to clarify regulatory guidelines for employers self-insuring payment of compensation for employees, pursuant to Chapter 440, Florida Statutes. Among the proposed revisions included are those which address requirements regarding the financial strength, credit quality, net worth, security deposits, and excess insurance associated with the self-insurance process; provisions relating to penalties for self-insurers filing late reports, and those who fail to file or otherwise fail to comply with the proposed rules.