10446044, 69L-5.201 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10446044

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Workers' Compensation

Chapter:

RULES FOR SELF-INSURERS UNDER THE WORKERS' COMPENSATION ACT

Overview

RULE:

69L-5.201

Definitions

PURPOSE:

The original intent of the rule was to avoid the complexities of an affiliated self-insurer structure where a parent company exists to hold the self-insurance authorization was addressed by the clause “which do not have a parent company to hold the self-insurance authorization.” A parent company able to, but not wanting to hold the self-insurance authorization, and wanting to execute a parental guaranty under Rule 69L-5.215, F.A.C., would be precluded from doing so under the existing language of subsection 69L-5.201(2), F.A.C. The added language will allow an affiliated self-insurer structure and utilization of the financial strength of a parent company for purposes of providing a parental guaranty for affiliated self-insurers under Rule 69L-5.215, F.A.C., where the parent company could but elects to not hold the self-insurance authorization.

SUBJECT:

Affiliated Self-Insurers and Parental Guaranty.

RULEMAKING AUTHORITY:

440.38(1), (2), (3), 440.385(6), 440.591 FS.

LAW:

440.38(1), (2), (3), 440.385(1), (3), (6) FS.

PRINT PUBLISH DATE:

9/30/2011 Vol. 37/39

RELATED STATUTES
AND LAWS:

440.38(1), (2), (3), 440.385(6), 440.591 FS., 440.38(1), (2), (3), 440.385(1), (3), (6) 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://www.flrules.org/gateway/ruleno.asp?id=69L-5.201&PDate=9/30/2011&Section=1

REFERENCE MATERIALS:

No reference(s).

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