RULE NO: RULE TITLE
19-15.001: Insurance Capital Build-Up Incentive Program
PURPOSE AND EFFECT: 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 AREA TO BE ADDRESSED: The rule addresses all aspects of the new Insurance Capital Build-Up Incentive Program created by Section 215.5595, F.S.
SPECIFIC AUTHORITY: 215.5595 FS.
LAW IMPLEMENTED: 215.5595 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Tracy Allen, Senior FHCF Attorney, State Board of Administration, P.O. Box 13300, Tallahassee, Florida 32317-3300; telephone (850)413-1341
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS:
Available on the FHCF website www.sbafla.com/icbi or may be obtained at no charge from Tracy Allen, Senior FHCF Attorney, State Board of Administration, P. O. Box 13300, Tallahassee, FL 32317-3300; telephone (850)413-1341