11463671, 69B-211.004 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11463671

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Insurance Agent and Agency Services

Chapter:

INSURANCE REPRESENTATIVES

Overview

RULE:

69B-211.004

Appointment Renewal Procedure

PURPOSE:

The purpose of the proposed rule amendment is to revise the existing rule to reflect certain provisions of the Florida Insurance Code that have been amended since the rule was last amended.  The effect of the proposed rule amendment is to provide clear and concise information to appointing entities of the appointment renewal process and the fees for noncompliance with the law.

SUMMARY:

The rule updates the statutory references in the definition section and revises the definitions of some of the terms.  Further, the rule clarifies the renewal fees and filing deadlines for appointments as an agent, customer representative, adjuster, service representative, managing general agent, title insurance agent, sales representative, reinsurance intermediary, or bail bond agent.  Lastly, the rule amends the Department’s notification procedures to holders of the above-referenced appointees relative to the appointment renewal process.

RULEMAKING AUTHORITY:

624.308(1), 626.016, 626.381(9), F.S.

LAW:

624.307(1), 624.308, 624.501, 626.015, 626.112, 626.371, 626.381, 626.7492(3), (8), (9), 626.8419(2), 648.279, 648.31, 648.382, 648.383, F.S.

PRINT PUBLISH DATE:

5/11/2012 Vol. 38/19

COMMENTS:

From 5/11/2012 To 6/1/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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