Florida Office of Insurance Regulation Schedules June 6 Hearing On Insurer Application Procedures Proposed Rules
May 30, 2017
The Florida Office of Insurance Regulation has scheduled a June 6, 2017 proposed Rule hearing on regulations contained in Chapter 690-136, F.A.C. entitled “Application Procedures for Companies Seeking to Do Business in Florida.”
A new Rule, 69O-136.005 relating to Captive Insurers, is also proposed.
The revisions are intended to streamline the application process for risk-bearing entities subject to the Florida Insurance Code, update forms to reflect current practice, and to reflect that applications are made via the electronic filing process on the Florida Office of Insurance Regulation Web site.
With regulators’ approval, the June 6 hearing will be held if requested in writing by a member of the public.
To view the hearing notice, click here.
A strikethrough mark-up of the proposed Rules is attached for review.
The proposed Rules are:
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Surplus Lines |
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Captive Insurers |
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Domestic Insurers Filing for a Certificate of Authority |
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Forms Adopted |
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Procedure to Amend an Existing Certificate of Authority to Add a New Line of Business |
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Determination of Eligibility to Operate as an Alien Insurer in Florida pursuant to Subsection |
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Registration as a Purchasing Group |
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Registration as a Risk Retention Group |
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Uniform Certificate of Authority Expansion Application |
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