27363232, 69O-196.007 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 27363232

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

PREMIUM FINANCE COMPANIES

Overview

RULE:

69O-196.007	Annual Reports
69O-196.015	Premium Finance Companies (Transferred)

PURPOSE:

Rules 69O-196.007, and .015, F.A.C., are being amended to update forms OIR-A3-107 “Annual Report,” OIR-C1-958, “Application for License Premium Finance Company,” OIR-A3-453, “Premium Finance Company Surety Bond,” OIR-C1-454, “Personal Financial Statement,” OIR-A3-1563, “Application for Renewal of License Premium Finance Company.” The changes remove the invoices from these forms which are no longer needed due to changes in payment processing, improves formatting, and updates addresses.

In addition, a reference to Form OIR-C1-144, “Service of Process Consent & Agreement,” is being removed because that form is not required for this application. The names of Forms OIR-C1-1423, “Uniform Certificate of Authority Application (UCAA) Biographical Affidavit,” and OIR-C1-957, “Instructions for Statutory Compliance of Forms: Premium Finance Companies,” are being corrected to match the names on the adopted forms.

Finally, cross references to Rule 69O-136.100, F.A.C. are being added to show where forms OIR-C1-905, OIR-C1-938, OIR-C1-1423, and OIR-C1-221 are incorporated by reference.

SUBJECT:

Premium Finance Companies

RULEMAKING AUTHORITY:

624.308(1). 627.828(2), 627.836(2), F.S.

LAW:

624.321(1)(a), 624.424, 627.828, 627.829, 627.836, F.S.

PRINT PUBLISH DATE:

7/24/2023 Vol. 49/142

RELATED STATUTES
AND LAWS:

624.308(1). 627.828(2), 627.836(2), F.S., 624.321(1)(a), 624.424, 627.828, 627.829, 627.836, F.S.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69O-196.007&PDate=7/24/2023&Section=1

REFERENCE MATERIALS:

No reference(s).

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