Fla. Admin. Code R. 69O-136.032

Current through Reg. 50, No. 222; November 13, 2024

Section 69O-136.032 - Registration as a Risk Retention Group

(1) All foreign entities seeking licensure as a risk retention group shall comply with the requirements of section 627.944, F.S., as applicable, and shall comply with the directions on, or otherwise submit, Form OIR-C1-513, incorporated by reference in Rule 69O-136.100, F.A.C.

(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 section 627.943, F.S, shall comply with the directions in Rule 69O-136.006(1) & (3) for domestic insurers.

Fla. Admin. Code Ann. R. 69O-136.032

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.

New 1-30-91, Formerly 4-107.003, 4-136.032, Amended by Florida Register Volume 49, Number 248, December 26, 2023 effective 1/7/2024.

New 1-30-91, Formerly 4-107.003, 4-136.032, Amended 1-7-24.