(1) In the event that persons upon whose qualifications the license was issued cease to be associated with the talent agency, the agency shall immediately notify the Department that such person is no longer connected with the agency and shall notify the Department of the agency’s intention to either cease business as a talent agency or seek approval of a new owner or operator.
    (2) In the event the agency elects to cease doing business as a talent agency, the agency shall immediately cease entering into new contracts and give written notice to all artists with whom it has present contracts of its intent to cease business. For a period of not more than 90 days it may continue to administer existing contracts and shall assist artists under contract in transferring to a new agency.
    (3) In the event the agency elects to qualify a new operator, the Department may issue a temporary license for a period not to exceed 90 days authorizing the agency to continue doing business as a talent agency until the new operator is qualified and a permanent license issued.
Rulemaking Authority Florida Statutes § 468.402(3). Law Implemented 468.404(2), 468.404(3) FS. History-New 7-27-87, Formerly 21-19.008.