Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-196 - PREMIUM FINANCE COMPANIES
Section 69O-196.005 - Filing Surety Bond in Lieu of Net Worth
Universal Citation: FL Admin Code R 69O-196.005
Current through Reg. 50, No. 187; September 24, 2024
(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.
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 7-30-17, 5-24-21.
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