Section 69O-196.005 - Filing Surety Bond in Lieu of Net Worth(1) A surety bond in the amount of $35,000.00 may be filed with the Office by premium finance companies in conjunction with a $10,000 minimum net worth; and all filings shall be submitted electronically to https://www.floir.com/iportal.(2) Such surety bond must be written by an insurer authorized to do business in this state.Fla. Admin. Code Ann. R. 69O-196.005
Rulemaking Authority 624.308(1), 627.828(2) FS. Law Implemented 624.424, 627.828 FS.
New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.05, 4-18.005, Amended 8-29-99, Formerly 4-196.005, Amended by Florida Register Volume 43, Number 138, July 18, 2017 effective 7/30/2017, Amended by Florida Register Volume 47, Number 091, May 11, 2021 effective 5/24/2021.New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.05, 4-18.005, Amended 8-29-99, Formerly 4-196.005, Amended 7-30-17, 5-24-21.