Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-196 - PREMIUM FINANCE COMPANIES
Section 69O-196.035 - Required Books and Records
Current through Reg. 50, No. 187; September 24, 2024
At a minimum for permanent books and records, each licensed premium finance company shall maintain:
(1) A complete set of accounting records including:
(2) A detailed register of premium finance contracts in force. The register shall include:
(3) A detailed payment history of each premium finance contract, supported by, at a minimum, copies of any and all correspondence, notices, contracts, and agreements between the premium finance company and any other person, related to the contract.
(4) A record of receipts and disbursements relative to each contract, including supporting documentation therefor.
(5) Copies of all forms and rates utilized by the premium finance company bearing the approval stamp of the Office.
(6) Evidence of compliance with the financial requirements of Section 627.828, F.S.
(7) A detailed register of all contracts assigned including at a minimum the following information:
(8) A detailed register of all contracts accepted for assignment from others, including at a minimum the following information:
(9) Copies of all contracts with independent contractors or third parties performing services directly or indirectly related to the premium finance business. Each such contract shall be submitted to the Office and shall contain at a minimum the following provisions:
(10) All filings submitted pursuant to subsection (9) shall be submitted electronically to https://www.floir.com/iportal.
(11) Records maintained in accordance with this rule shall be kept as originals, photocopies, or electronically stored reproductions.
Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 624.424, 627.828, 627.834, 627.836, 627.838, 627.840, 627.8405, 627.841, 627.844, 627.845, 627.848 FS.
New 7-27-95, Formerly 4-196.035, Amended 7-30-17, 5-24-21.