27646472, 69O-201.008 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 27646472

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

LEGAL EXPENSE INSURANCE CORPORATIONS

Overview

RULE:

69O-201.008	Application for Certificate Authority and Annual Renewal
69O-201.012	Annual Statement and Quarterly Statements

PURPOSE:

Rules 69O-201.008, and .012, F.A.C., are being amended to update forms OIR-C1-480, “Application for Certificate of Authority Legal Expense Insurance,” OIR-A3-478, “Legal Expense Insurance Corporation Surety Bond,” OIR-A3-1077, “Application for Renewal of Certificate of Authority Legal Expense Insurance,” OIR-A3-479 “Annual Statement Legal Expense Insurance Corporation,” and OIR-A3-481, “Quarterly Statement.” These changes remove the invoices from these forms which are no longer needed due to changes in payment processing, improve formatting, update instructions, correct typographical errors, and update addresses. 

Form OIR-C1-995, “List of Proposed Sales Representatives,” is being repealed as unnecessary. 

Cross references to Rule 69O-136.100, F.A.C. are being added to show where forms OIR-C1-144, OIR-C1-905, OIR-C1-938, OIR-C1-1423, and OIR-C1-2221 are incorporated by reference. In addition, cross references to Forms OIR-C1-0500, OIR-C1-0501, OIR-C1-502, OIR-C1-0503, OIR-C1-0504, OIR-C1-505, OIR-C1-0506, and OIR-C1-0507, which are new biographical information supplementary forms adopted from NAIC are added.

SUMMARY:

Rules 69O-201.008, and .012, F.A.C., are being amended to update forms OIR-C1-480, “Application for Certificate of Authority Legal Expense Insurance,” OIR-A3-478, “Legal Expense Insurance Corporation Surety Bond,” OIR-A3-1077, “Application for Renewal of Certificate of Authority Legal Expense Insurance,” OIR-A3-479 “Annual Statement Legal Expense Insurance Corporation,” and OIR-A3-481, “Quarterly Statement.” These changes remove the invoices from these forms which are no longer needed due to changes in payment processing, improve formatting, update instructions, correct typographical errors, and update addresses. 

Form OIR-C1-995, “List of Proposed Sales Representatives,” is being repealed as unnecessary. 

Cross references to Rule 69O-136.100, F.A.C. are being added to show where forms OIR-C1-144, OIR-C1-905, OIR-C1-938, OIR-C1-1423, and OIR-C1-2221 are incorporated by reference. In addition, cross references to Forms OIR-C1-0500, OIR-C1-0501, OIR-C1-502, OIR-C1-0503, OIR-C1-0504, OIR-C1-505, OIR-C1-0506, and OIR-C1-0507, which are new biographical information supplementary forms adopted from NAIC are added.

RULEMAKING AUTHORITY:

624.308(1), 642.021(2), F.S.

LAW:

624.416, 624.404, 624.424, 642.019, 642.021, 642.0301, 642.032, F.S.

PRINT PUBLISH DATE:

10/6/2023 Vol. 49/195

COMMENTS:

From 10/6/2023 To 10/27/2023 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-13014 OIR-A3-478
Ref-13015 OIR-A3-479
Ref-13017 OIR-A3-481
Ref-13018 OIR-A3-1077
Ref-13019 OIR-C1-144
Ref-13020 OIR-C1-480
Ref-13021 OIR-C1-905
Ref-13022 OIR-C1-938
Ref-13023 OIR-C1-995
Ref-13024 OIR-C1-1423
Ref-13025 OIR-C1-2221

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