11932375, 69O-196.008 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11932375

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

PREMIUM FINANCE COMPANIES

Overview

RULE:

69O-196.008

Failure to Comply (Repealed)

PURPOSE:

Repeals Rule 69O-196.008, Florida Administrative Code.

SUMMARY:

This rule states that the failure of a premium finance company to comply with the requirements of Part XV, Chapter 627, Florida Statutes, or any of the rules lawfully made pursuant thereto shall cause the premium finance company to be subject to action by the Office under Sections 627.832 and 627.833, Florida Statutes.
This rule substantially restates the language of Sections 627.832 and 627.833, Florida Statutes and is unnecessary.  As a result, this rule should be repealed.

RULEMAKING AUTHORITY:

624.308, FS.

LAW:

624.307(1), 627.832, 627.833, FS.

PRINT PUBLISH DATE:

8/31/2012 Vol. 38/35

COMMENTS:

From 8/31/2012 To 9/21/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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