Florida Administrative Code

(1) Each PHC shall file with the Office a full and true report of its financial condition, transactions, and affairs. (a) An annual report covering the preceding fiscal year shall be filed on or before April 1 or within 3 months of the end of the reporting period of the clinic. 1…

Payment for the original filing or amendments thereto, and for the filing of each annual report shall be rendered by check made payable to the Florida Office of Insurance Regulation; or, by eCheck or credit card through the secure online portal specified in the invoice. Rulemakin…

No name other than that certificated by the Office may be used. The name of the PHC shall not be changed without prior approval of the Office. No PHC shall be certificated using a name under which it is doing business unless that is its only name. Rulemaking Authority 641.403 FS.…

The PHC shall notify the Office of any expansion, contraction, or other change in geographic service area 30 days before the change becomes effective. Rulemaking Authority 641.403 FS. Law Implemented 641.405, 641.406(1) FS. History-New 5-9-85, Formerly 4-69.12, 4-69.012, 4-194.01…

Rulemaking Authority 641.403 FS. Law Implemented 624.424, 624.501(26), 641.402, 641.405, 641.41, 641.416 FS. History-New 6-25-90, Formerly 4-69.081, 4-194.030, Amended 7-30-17, Repealed 9-28-22.

When a premium finance agreement contains a power of attorney or other authority enabling the premium finance company to cancel any insurance contract or contracts listed in the agreement, all premium finance companies licensed to do business in this state shall effect cancellati…

(1) Section 627.848(1), F.S., provides that not less than ten days written notice be mailed to each insured shown on the premium finance agreement of the intent of the premium finance company to cancel the insurance contract unless the defaulted installment payment is received wi…

(1) The Office shall use the applicable criteria as set forth under Section 625.012, F.S., for the purpose of determining which kinds of assets will be allowed in determining the net worth of premium finance companies. (2) The Office shall use the applicable criteria as set forth…

(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 …

(1) Other acceptable collateral as permitted by Section 627.828(1), F.S., includes cash, certificates of deposit in a qualified public depository, and securities, such as filed with the Office by insurance companies pursuant to Section 625.52, F.S. (2) Other acceptable collateral…

(1) The annual report shall be filed on or before March 1 of each year. (2) An Annual Report shall be filed with the Office, on or before March 1 of each year, on Form OIR-A3-107 "Annual Report" effective 07/23, hereby incorporated by reference and available at http://www.flrules…

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 627.832, 627.833 FS. History-New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.08, 4-18.008, Amended 7-27-95, Formerly 4-196.008, Repealed 1-28-13.

To aid the Office in determining a licensee's continued eligibility to hold a premium finance license: (1) If the Office has reason to believe that the owners, officers, or directors of the premium finance company or any parent or controlling company, if any, have been involved i…

(1) Except as provided in subsection (2), a premium finance company shall be responsible to refund to the insured all monies due or held on the insured's behalf, within 30 days after receipt of the funds from an insurer or other person. Refunds arising for reasons other than canc…

Rulemaking Authority 624.308(1), 627.828(2) FS. Law Implemented 624.321(1)(a), 624.424, 627.828, 627.829 FS. History-New 5-28-90, Formerly 4-18.015, Amended 7-27-95, 8-29-99, Formerly 4-196.015, Amended 7-30-17, 5-24-21, 1-4-24, Transferred to 69O-136.050.

(1) The term "automobile club" as used in this rule shall have the same meaning as in Section 627.8405(1), F.S. (2) The term "procuring" as used in Section 624.124, F.S., does not include premium financing. (3) Financing the cost of an automobile club membership within a premium …

(1) Whenever motor vehicle insurance is financed, the agent shall disclose at the time of sale any coverages financed with personal injury protection other than property damage liability, bodily injury, collision, uninsured motorist, or comprehensive coverage for damage of or los…

The maximum financing requirement in Section 627.8405(3), F.S., applies to total premium, including any additional premiums charged after the inception of the policy. Rulemaking Authority 624.308(1), 627.8405(3) FS. Law Implemented 624.307(1), 627.8405(3) FS. History-New 12-27-94…

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.621(12), Ch. 627 Part XV FS. History-New 12-27-94, Formerly 4-196.023, Repealed 5-24-21.

Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 624.424, 627.845, 626.9541(1)(a) FS. History-New 7-27-95, Formerly 4-196.025, Amended 7-30-17, Repealed 5-24-21.

Section 627.842, F.S., provides that the only acceptable grounds for cancelling an insured's insurance policy is "nonpayment of premium." Therefore, no insured's policy is to be cancelled for nonpayment of miscellaneous charges. To further clarify the Office's position in this ma…

As used in Chapter 627, Part XV, F.S., and these rules, the term: (1) "Default" means nonpayment of an installment payment due under a premium finance agreement. (2) "Gross Amount Available" means the gross amount of unearned premium on the cancelled policy, including unearned co…

At a minimum for permanent books and records, each licensed premium finance company shall maintain: (1) A complete set of accounting records including: (a) A general ledger; (b) Cash receipts and disbursements journals; (c) Accounts receivable registers; and (d) Accounts payable …

(1) The additional $20 charge referred to in Section 627.840(3)(b), F.S., may be charged only once in a 12-month period for any one customer regardless of the number of premium finance agreements entered into during the 12-month period or the number of policies financed in each f…

Rulemaking Authority 624.308(1), 624.490, 626.8805(2), 626.8991 FS. Law Implemented 624.490, 626.8805 FS. History - New 12-19-23, Transferred to 69O-136.044.

The following must be included in the remittance provided by the pharmacy benefit manager to the pharmacy: (1) The applicable network reimbursement ID or plan ID as defined in the most current version of the National Council for Prescription Drug Programs (NCPDP) Telecommunicatio…

The following are independent professional examiners who may conduct examinations under section 626.8828, F.S.: (1) Independent certified accountants; (2) Actuaries; (3) Investment specialists; (4) Information technology specialists; (5) Pharmacists and/or people with pharmacy ex…

(1) An annual statement and a $250 filing fee shall be filed with the Office within 3 months after the end of the insurance administrator's fiscal year on Form OIR-A3-975, "Annual Statement," effective 7/23, hereby incorporated by reference and available at http://www.flrules.org…

Rulemaking Authority 634.402 FS. Law Implemented 634, Part III FS. History-New 6-3-84, Formerly 4-67.01, Amended 12-26-88, Formerly 4-67.001, 4-198.001, Repealed 5-25-21.

Rulemaking Authority 634.402 FS. Law Implemented 634.409, 634.413 FS. History-New 6-3-84, Formerly 4-67.02, Amended 12-26-88, Formerly 4-67.002, 4-198.002, Repealed 5-25-21.

Rulemaking Authority 634.402 FS. Law Implemented 634.403. History-New 3-28-93, Formerly 4-198.003, Repealed 1-28-13.

Requirements regarding the funded, unearned premium reserve account. (1) "Gross Written Premiums" means the total amount of premiums paid, paid or to be paid by the consumer for the entire period of the service warranty, inclusive of commissions, for which the association is obli…

Rulemaking Authority 634.402 FS. Law Implemented 624.424, 634.408 FS. History-New 12-26-88, Formerly 4-67.010, Amended 3-28-93, Formerly 4-198.010, Amended 7-30-17, Repealed 5-25-21.

Rulemaking Authority 634.402 FS. Law Implemented 624.424, 634.407, 634.408, 634.404 FS. History-New 3-28-93, Formerly 4-198.011, Amended 5-25-21, 1-17-24, Transferred to 69O-136.051.

Annual Statements are required to be filed with the Office, on or before March 1 of each year, on Form OIR-A3-456, "Annual Statement for Service Warranty Association," effective 5/20, hereby incorporated by reference and available at http://www.flrules.org/Gateway/reference.asp?N…

Service warranty associations are required to notify the Office in writing in accordance with Section 634.404, F.S., of any change in the corporate name or business name. Rulemaking Authority 634.402 FS. Law Implemented 624.404 FS. History-New 5-25-21.

Rulemaking Authority 634.402 FS. Law Implemented 634.405, 634.407, 634.408, 634.4085, 634.415 FS. History-New 12-26-88, Amended 5-28-90, Formerly 4-67.015, Amended 3-28-93, Formerly 4-198.015, Repealed 5-25-21.

Rulemaking Authority 634.302 FS. Law Implemented 634, Part II FS. History-New 7-15-90, Formerly 4-118.001, 4-199.001, Repealed 5-25-21.

(1)(a) "Gross premium" means the total amount of premium paid by the consumer, inclusive of commissions. (b) "Gross Written Premiums" means the total amount of premiums paid by the consumer, paid for the entire period of the home warranty, inclusive of commissions, for which the …

Rulemaking Authority 634.302 FS. Law Implemented 624.424, 634.304, 634.305, 634.306, 624.307, 634.3073, 634.315 FS. History-New 7-16-92, Amended 4-3-94, Formerly 4-199.008, Amended 7-30-17, 5-25-21, 1-4-24, Transferred to 69O-136.052.

Rulemaking Authority 634.302 FS. Law Implemented 624.424, 634.307 FS. History-New 7-16-92, Amended 4-3-94, Formerly 4-199.010, Amended 7-30-17, Repealed 5-25-21.

(1)(a) An Annual Statement shall be filed with the Office, on or before March 1 of each year, on Form OIR-A3-491, "Annual Statement for Home Warranty Association," effective 6/20, hereby incorporated by reference and available at http://www.flrules.org/Gateway/reference.asp?No=Re…

Rulemaking Authority 634.302 FS. Law Implemented 624.424, 634.306, 634.3073, 634.3077, 634.313, 634.315 FS. History-New 7-15-90, Formerly 4-118.015, Amended 7-16-92, Formerly 4-199.015, Amended 7-30-17, Repealed 5-25-21.

Rulemaking Authority 634.021 FS. Law Implemented 624.307(1), 634, Part I FS. History-New 6-25-90, Formerly 4-114.001, 4-200.001, Repealed 9-28-22.

Rulemaking Authority 634.021 FS. Law Implemented 634.011 FS. History-New 5-26-93, Formerly 4-200.002, Repealed 9-28-22.

(1) Companies that administer service agreements as defined in subsection (2), or market service agreements must obtain a license as a service agreement company under Chapter 634, Part I, F.S., and are subject to all applicable regulatory requirements of Chapter 634, Part I, F.S.…

Rulemaking Authority 634.021, 634.061(1), (2)(c) FS. Law Implemented 634.041 FS. History-New 5-26-93, Formerly 4-200.004, Amended 8-13-12, 9-28-22, 1-16-24, Transferred to 69O-136.053.

The deposit required under Section 634.052, F.S., may be used in the funding of the 15% reserve deposit required under Section 634.041(8)(a)3., F.S. Rulemaking Authority 634.021 FS. Law Implemented 634.052 FS. History-New 5-26-93, Formerly 4-200.005, Amended 8-13-12.

Rulemaking Authority 634.021 FS. Law Implemented 634.041 FS. History-New 5-26-93, Formerly 4-200.006, Amended 8-13-12, Repealed 9-28-22.

(1) The name of the motor vehicle service agreement company must be stated, with sufficient prominence and placement to clearly identify the service agreement company that is obligated on the agreement, on any service agreement form. (2) Every service agreement issued in this sta…