Florida Regulations 69O-154.116: Change of Status of Individual Issuer’s Election to Become Risk-Assuming Carrier or Reinsuring Carrier
Current as of: 2024 | Check for updates
|
Other versions
(1) Any individual issuer seeking to change the election made by the carrier under Section 627.6475(5)(a), F.S., to become either a risk-assuming carrier or a reinsuring carrier shall request a change of status on Form OIR-B2-1304 (rev. 10/98), State of Florida/Individual Issuer’s Application to Modify Previous Election to Become a Risk Assuming or a Reinsuring Carrier which is hereby adopted and incorporated by reference and may be obtained from http://www.floir.com/iportal, as required by Florida Statutes § 627.6475(5)
(2)(a) Within 60 days from the date on which the form and its attached information is filed with the Office, the Office shall hold a hearing on the request.
(b) Within 30 days after the conclusion of the hearing and the submission of any post-hearing documentation or argument, the Office shall approve or disapprove the request, based on the criteria set forth in Section 627.6475(6)(b), F.S.
Rulemaking Authority 624.308, 627.6475(9) FS. Law Implemented Florida Statutes § 627.6475. History-New 9-19-00, Formerly 4-154.116.
(2)(a) Within 60 days from the date on which the form and its attached information is filed with the Office, the Office shall hold a hearing on the request.
(b) Within 30 days after the conclusion of the hearing and the submission of any post-hearing documentation or argument, the Office shall approve or disapprove the request, based on the criteria set forth in Section 627.6475(6)(b), F.S.
Rulemaking Authority 624.308, 627.6475(9) FS. Law Implemented Florida Statutes § 627.6475. History-New 9-19-00, Formerly 4-154.116.