Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-141 - ADMINISTRATIVE SUPERVISION AND WITHDRAWAL FROM THE STATE
Section 69O-141.005 - Appointment of Deputy Supervisors

Universal Citation: FL Admin Code R 69O-141.005

Current through Reg. 50, No. 187; September 24, 2024

(1) A contract for services of a deputy supervisor pursuant to section 624.87, F.S., may be executed by the deputy supervisor directly with the insurer at rates of compensation negotiated by the Office. In such situations, the deputy supervisor will be compensated directly by the insurer.

(2) All deputy supervisors will be under the direction and control of the Office regardless of compensation method, and will be operating as agents of state.

(3) Industry working groups formed by the Office and outside consultants may be appointed as deputy supervisors to assist with identifying alternative solutions to the troubled situations.

Rulemaking Authority 624.308 FS. Law Implemented 624.87, 624.307(1) FS.

New 5-5-92, Formerly 4-141.005.

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