10446141, 69B-221.100 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10446141

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Insurance Agent and Agency Services

Chapter:

BAIL, BONDS, AND BAIL BOND AGENTS

Overview

RULE:

69B-221.100

Terms and Conditions of Contract; Surrender Form

PURPOSE:

The proposed rule amendment expands the list of events that constitute a breach of a principal’s obligations to a surety company, allowing a surety company to rightfully act to apprehend, arrest, and surrender principal, in addition to denying a principal the right to any refund of premium. New paragraph 69B-221(1)(f), F.A.C., is added to the aforementioned list, describing an event where the indemnitor fails to make premium payment(s) as obligated under an agreement pursuant to subsection 69B-221.105(5), F.A.C. Subsection (2) of the proposed rule adds a link to the Department’s website where licensees may obtain copies of form DFS-H2-1542 (Statement of Surrender Form). The language in the existing rule that directs licensees to obtain the form from the Department’s Bail Bond Section is deleted.

SUBJECT:

Terms and conditions that constitute breach of contract between of principal and a surety for a bail bond.

RULEMAKING AUTHORITY:

648.26 FS.

LAW:

648.4425 FS.

PRINT PUBLISH DATE:

9/30/2011 Vol. 37/39

RELATED STATUTES
AND LAWS:

648.26 FS., 648.4425 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=69B-221.100&PDate=9/30/2011&Section=1

REFERENCE MATERIALS:

No reference(s).

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