OIR Proposed Rule Hearing Update: Forms Incorporated by Reference
May 31, 2007
On Tuesday, May 29, 2007, this office attended a Florida Office of Insurance Regulation (OIR) Rule Hearing on Proposed Rule 690-207.003 entitled Forms Incorporated by Reference. These forms are commonly used by specialty insurers.
The forms incorporated include:
OIR-C1-448 (Statement of Acquisition, Merger or Consolidation of a Specialty Insurer)
OIR-C1-903 (Invoice for Non-U.S. Citizens with no Social Security Number)
OIR-C1-905 (Instructions for Furnishing Background Investigative Reports)
OIR-C1-938 (Fingerprint Card and Payment Instructions)
OIR-C1-1298 (Management Information Form Complete List of Officers, Directors, and Shareholders-10% or more)
OIR-C1-1423 (Biographical Data)
OIR-C1-144 (Service of Process Consent and Agreement)
There were no objections to the use of these forms at the Hearing. However, there were some clarification suggestions and OIR took the matter of making any changes to the forms based on the comments at the hearing under advisement. If substantive changes are made to any of the forms, then OIR should release a notice of change and another hearing would be held. If there are not any substantive changes to the forms, then the rule will be considered for adoption by the Financial Services Commission.
The forms and meeting notice are viewable by clicking on the bolded links above.
Please do not hesitate to contact this office with any questions regarding this matter.