Florida Regulations 69O-136.032: Registration as a Risk Retention Group
Current as of: 2024 | Check for updates
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(1) All foreign entities seeking licensure as a risk retention group shall comply with the requirements of Florida Statutes § 627.944, as applicable, and shall comply with the directions on, or otherwise submit, Form OIR-C1-513, incorporated by reference in Fl. Admin. Code R. 69O-136.100
(2) The form listed in subsection (1) may be obtained from the Office’s website at http://www.floir.com and shall be submitted electronically via the Office’s iApply system at https://www.floir.com/iportal.
(3) Applicants shall also submit:
(a) A copy of each examination of the risk retention group as certified by the innsurance commissioner or public official conducting the exam;
(b) A copy of any audit performed with respect to the risk retention group; and
(c) A certificate of compliance or licensing letter from the state of domicile dated within the last year.
(4) Applicants should not conduct business in this state until notified by the Office that the registation is complete.
(5) All domestic applicants applying pursuant to Florida Statutes § 627.943 shall comply with the directions in Rule 69O-136.006(1) & (3) for domestic insurers.
Rulemaking Authority 624.308, 627.954 FS. Law Implemented 624.307(1), (3), 624.318, 624.321, 624.404(3)(a), 624.413, 627.943, 627.944, 628.051, 628.061 FS. History-New 1-30-91, Formerly 4-107.003, 4-136.032, Amended 1-7-24.
(2) The form listed in subsection (1) may be obtained from the Office’s website at http://www.floir.com and shall be submitted electronically via the Office’s iApply system at https://www.floir.com/iportal.
(3) Applicants shall also submit:
(a) A copy of each examination of the risk retention group as certified by the innsurance commissioner or public official conducting the exam;
(b) A copy of any audit performed with respect to the risk retention group; and
(c) A certificate of compliance or licensing letter from the state of domicile dated within the last year.
(4) Applicants should not conduct business in this state until notified by the Office that the registation is complete.
(5) All domestic applicants applying pursuant to Florida Statutes § 627.943 shall comply with the directions in Rule 69O-136.006(1) & (3) for domestic insurers.
Rulemaking Authority 624.308, 627.954 FS. Law Implemented 624.307(1), (3), 624.318, 624.321, 624.404(3)(a), 624.413, 627.943, 627.944, 628.051, 628.061 FS. History-New 1-30-91, Formerly 4-107.003, 4-136.032, Amended 1-7-24.