The purpose and effect is to create a new rule to conform to and implement Chapter No. 2023-130, Laws of Florida, which was signed into law on May 24, 2023 and went into effect on July 1, 2023. The law prohibits check cashers from cashing corporate checks for payees where the aggregate face amount of all such checks exceeds 200 percent of a payee’s payroll amount as reported in its workers' compensation policy during the policy coverage period. The new rule will define the time period during which the 200 percent limitation applies, will specify who is/is not subject to the 200 percent limitation, will provide for the implementation of changes to the check cashing database, and will establish a specific method for examining the check cashing limit.