27646084, 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: 27646084

Notice of Proposed Rule

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.

SUMMARY:

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.

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:

10/6/2023 Vol. 49/195

COMMENTS:

From 10/6/2023 To 10/27/2023 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-13026 OIR-A3-107
Ref-13027 OIR-A3-453
Ref-13029 OIR-A3-1563
Ref-13030 OIR-C1-144
Ref-13031 OIR-C1-454
Ref-13032 OIR-C1-905
Ref-13033 OIR-C1-938
Ref-13034 OIR-C1-957
Ref-13035 OIR-C1-958
Ref-13036 OIR-C1-1423
Ref-13037 OIR-C1-2221

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