Fla. Admin. Code R. 69O-136.032
Registration as a Risk Retention Group
Effective Jan 7, 2024Rulemaking Authority 624.308, 627.954 FS. Law Implemented 624.307(1), (3), 624.318, 624.321, 624.404(3)(a), 624.413, 627.943, 627.944, 628.051, 628.061 FS.Department of Financial Services
- (1) All foreign entities seeking licensure as a risk retention group shall comply with the requirements of section 627.944, F.S., as applicable, and shall comply with the directions on, or otherwise submit, Form OIR-C1-513, incorporated by reference in Rule 69O-136.100, F.A.C.
- (2) The form listed in subsection (1) may be obtained from the Office’s website at floir.gov and shall be submitted electronically via the Office’s iApply system at floir.gov/iportal.
(3) Applicants shall also submit:
- (a) A copy of each examination of the risk retention group as certified by the innsurance commissioner or public official conducting the exam;
- (b) A copy of any audit performed with respect to the risk retention group; and
- (c) A certificate of compliance or licensing letter from the state of domicile dated within the last year.
- (4) Applicants should not conduct business in this state until notified by the Office that the registation is complete.
- (5) All domestic applicants applying pursuant to section 627.943, F.S, shall comply with the directions in Rule 69O-136.006(1) & (3) for domestic insurers.
Rulemaking Authority 624.308, 627.954 FS. Law Implemented 624.307(1), (3), 624.318, 624.321, 624.404(3)(a), 624.413, 627.943, 627.944, 628.051, 628.061 FS. History–New 1-30-91, Formerly 4-107.003, 4-136.032, Amended 1-7-24, Technical Change 4-15-26.