Section 69O-154.116 - Change of Status of Individual Issuer's Election to Become Risk-Assuming Carrier or Reinsuring Carrier(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 Section 627.6475(5), F.S.(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.Fla. Admin. Code Ann. R. 69O-154.116
Rulemaking Authority 624.308, 627.6475(9) FS. Law Implemented 627.6475 FS.
New 9-19-00, Formerly 4-154.116.New 9-19-00, Formerly 4-154.116.