24512305, 69O-136.080 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 24512305

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

APPLICATION PROCEDURES FOR COMPANIES SEEKING TO DO BUSINESS IN FLORIDA

Overview

RULE:

69O-136.080	Mergers and Acquisition of Controlling Stock of a Florida Domestic Insurer
69O-136.090	Merger, Consolidation, or Acquisition of Controlling Stock, Ownership Interests, Assets, or Control of a Specialty Insurer
69O-136.100	Forms Incorporated by Reference

PURPOSE:

69O-136.080 and 69O-136.090 concern the acquisition and mergers of insurers and specialty insurers and incorporates the required forms in 69O-136.100.

SUMMARY:

Some forms currently incorporated by reference in 69O-136.080 are revised and moved to 69O-136.100, as well as adding the process and forms for a person to attempt to rebut a presumption of control.  69O-136.090 is created concerning the acquisition of controlling stock of a specialty insurer and the process and forms for a person to attempt to rebut a presumption of control.  69O-136.100 is created for the eventual incorporation of all forms in 69O-136.

RULEMAKING AUTHORITY:

624.308(1), 624.413(1), 628.461(13), 628.4615(15), 628.535 FS.

LAW:

624.307(1), 624.34, 624.404, 624.413, 624.424(6), 624.501, 624.5091, 626.9928, 628.451, 628.461, 628.4615, 628.471, 628.801, 634.252, 634.3073, 634.4085, 636.065, 641.255, 641.416, 642.032, 651.024, 651.0245 FS.

PRINT PUBLISH DATE:

5/10/2021 Vol. 47/90

COMMENTS:

From 5/10/2021 To 5/31/2021 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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