15982125, 69D-2.005 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 15982125

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Investigative and Forensic Services

Chapter:

INSURER ANTI-FRAUD INVESTIGATIVE UNITS AND ANTI-FRAUD PLANS

Overview

RULE:

69D-2.005

Compliance and Enforcement

PURPOSE:

The purpose of this amendment is to clarify and correct Rule 69D-2.005, F.A.C., which provides that the Office of Insurance Regulation shall conduct audits to determine insurance company compliance with anti-fraud laws and shall take appropriate administrative action against insurers for failure to comply.

SUMMARY:

The amendment changes “shall” to “may” to comply with the law implemented. Thus, the Office of Insurance Regulation may conduct audits to determine insurance company compliance and may take appropriate administrative action against insurers for failure to comply. It also adds a sentence to clarify that the Department of Financial Services also has authority to take appropriate administrative action against insurers for failure to comply with the law.

RULEMAKING AUTHORITY:

624.308, 626.9891, 626.9891(8), FS.

LAW:

624.307, 626.9891(7), FS.

PRINT PUBLISH DATE:

5/11/2015 Vol. 41/91

COMMENTS:

From 5/11/2015 To 6/1/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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