4666008, 19-15.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 4666008

Notice of Proposed Rule

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Insurance Capital Build-Up Incentive Program (Repealed)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:

This rule is promulgated to implement Section 215.5595, Florida Statutes.

SUMMARY:

The Rule is amended to reflect a new revision date for Form SBA 15-3, Quarterly Net Written Premium Report, which is incorporated into Rule 19-15.001, F.A.C., Insurance Capital Build-Up Incentive Program. The amendment to the form requests participants to provide an explanation with their quarterly filing when surplus falls below the surplus required by Section 215.5595, F.S. This addition to the Quarterly Net Written Premium Report streamlines the processes involved in administering the program and is beneficial both to the participant and to the administrator.

RULEMAKING AUTHORITY:

215.5595(6) FS.

LAW:

215.5595(2), (3), (4), (5), (6), (7) FS.

PRINT PUBLISH DATE:

9/28/2007 Vol. 33/39

COMMENTS:

From 9/28/2007 To 10/19/2007 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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