401500, 19-15.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 401500

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

INSURANCE CAPITAL BUILD-UP INCENTIVE PROGRAM PURSUANT TO SECTION 215.5595 FS.

Overview

RULE:

19-15.001

Insurance Capital Build-Up Incentive Program (Repealed)

PURPOSE:

The 2006 Legislature passed CS/CS for SB 1980 on Friday, May 5, 2006 and this Bill became law on May 16, 2006. Due to this legislation, an emergency rule was necessary. On May 31, 2006, Emergency Rule 19ER06-3 “Insurance Capital Build-Up Incentive Program” was filed and became effective. Pursuant to Section 120.54(4), Florida Statutes, this emergency rule is effective for only 90 days. Thus, the State Board of Administration is now entering into the rulemaking process to incorporate the language in the emergency rule into a permanent rule.

SUBJECT:

The rule addresses all aspects of the new Insurance Capital Build-Up Incentive Program created by Section 215.5595, F.S.

RULEMAKING AUTHORITY:

215.5595 FS.

LAW:

215.5595 FS.

PRINT PUBLISH DATE:

6/9/2006 Vol. 32/23

RELATED STATUTES
AND LAWS:

215.5595 FS., 215.5595 FS.

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=19-15.001&PDate=6/9/2006&Section=1

REFERENCE MATERIALS:

No reference(s).

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