24181826, 69O-196.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 24181826

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

PREMIUM FINANCE COMPANIES

Overview

RULE:

69O-196.001	Standard Cancellation Notice
69O-196.005	Filing Surety Bond in Lieu of Net Worth
69O-196.007	Annual Reports
69O-196.009	Other Reports and Corrective Action Plans
69O-196.015	Premium Finance Companies (Transferred)
69O-196.020	Premium Financing of Products Not Regulated by the Florida Insurance Code and Related Unfair Trade Practices Prohibited
69O-196.021	Disclosure Requirements for Insurance Coverages Financed With Personal Injury Protection
69O-196.023	Insurance Agent Penalties (Repealed)
69O-196.025	Statement of Account; Receipts (Repealed)
69O-196.035	Required Books and Records

PURPOSE:

The Office of Insurance Regulation is updating Chapter 69O-196.

SUMMARY:

69O-196.001 is amended to change grammar and add rulemaking authority.  69O-196.005 is amended to update the Office’s website information.  69O-196.007 is amended to update the annual reports requirements.  69O-196.009 is amended to change “certificate of authority” to “license” and add rulemaking authority. 69O-196.015 is amended to include all applications for premium finance companies in one rule. 69O-196.020 is amended to make references to the Florida Insurance Code consistent. 69O-196.021 is amended to incorporate the financing disclosure form.  69O-196.035 is amended to create a new subsection. 69O-196.023 and 69O-196.025 are repealed.

RULEMAKING AUTHORITY:

624.308(1), 627.828(2), 627.836(2), 627.8405, 627.848(3) FS.

LAW:

624.124, 624.307(1), 624.321(1)(a), 624.424, 624.80, 624.81, 626.753, 626.794, 626.838, 626.9541, 627.828, 627.829, 627.832, 627.834, 627.836, 627.838, 627.840, 627.8405, 627.841, 627.844, 627.845, 627.848, 627.849, 628.4615 FS.

PRINT PUBLISH DATE:

2/5/2021 Vol. 47/24

COMMENTS:

From 2/5/2021 To 2/26/2021 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.