Florida Regulations 69O-207.001: Late Filed Reports – Fine Schedule
Current as of: 2024 | Check for updates
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(1) The following schedule of fines is hereby adopted by the Commission as a guideline in assessing fines against the referenced entities for the late filing of annual reports or statements as required by law:
Entity
A
B
Maximum Fine
(a) Continuing Care
(Sections 651.026(1) and 651.015(2)(c), F.S.)
$25 per day
$50 per day
None
(b) Health Maintenance Organizations
(Florida Statutes § 641.26(3))
$100 per day
$200 per day
$100,000
(c) Prepaid Health Clinics
(Florida Statutes § 641.41(2))
(Florida Statutes § 637.118(2))
$25 per day
$50 per day
None
(d) Multiple Employer Welfare Arrangements
(Florida Statutes § 624.4211(2))
$100.00 per day
$200 per day
$2,500
(e) Motor Vehicle Service Agreements
(Sections 634.137, 634.131(3), F.S.)
$100 per day
$100 per day
None
(f) Home Warranty
(Florida Statutes § 634.313(3))
$25 per day
$50 per day
None
(g) Premium Finance
(Florida Statutes § 626.681)
$12.50 per day
$25 per day
$500
(h) Prepaid Legal
(Florida Statutes § 642.0338(2))
$12.50 per day
$25 per day
$1,000
(i) Service Warranty
(Florida Statutes § 634.415(3))
$50 per day
$100 per day
None
(j) Insurance Administrators
(Florida Statutes § 626.894(2))
$12.50 per day
$25 per day
$1,000
“”A”” is applicable if the entity filed late last year and filed late this year, but within 5 days after notice or if timely filed last year and late by more than five days after notice in current year. “”B”” is applicable if the entity filed late last year and filed late in current year more than 5 days after notice.
(a) Mitigating:
1. The entity has given advance notice to the Office that it will be filing late.
2. Justifiable unforeseen cause not within control of entity.
3. The entity has timely submitted major portions of the report.
4. Other mitigating factors as the Office may determine on the facts of the particular situation.
(b) Aggravating:
1. The entity has not given prior notice to the Office that it will be filing late.
2. Adverse financial condition indicated when report is filed.
3. Past violations by the entity.
4. Willfully or intentionally failing to file the report.
(3) The fines referenced in subsection (1), above, are in addition to any other penalties that may be allowed by law, including the summary suspension of authority to transact business until the report is filed.
(4) For purposes of this rule an annual report or statement, required by law, is deemed received by the Office on the date it is submitted electronically at http://www.floir.com/iportal.
Rulemaking Authority 624.308(1), 634.021, 634.302, 634.402, 634.137, 641.36, 641.403, 651.015 FS. Law Implemented 624.307(1), 624.424, 624.442, 626.681, 626.894(2), 627.833, 634.313(3), 634.415(3), 637.118(2), 637.278(2), 637.423, 641.26(4), 641.41(2), 642.0338(2) FS. History-New 1-28-91, Formerly 4-120.001, 4-207.001, Amended 7-30-17.
Entity
A
B
Maximum Fine
(a) Continuing Care
(Sections 651.026(1) and 651.015(2)(c), F.S.)
$25 per day
$50 per day
None
(b) Health Maintenance Organizations
(Florida Statutes § 641.26(3))
$100 per day
$200 per day
$100,000
(c) Prepaid Health Clinics
(Florida Statutes § 641.41(2))
(Florida Statutes § 637.118(2))
$25 per day
$50 per day
None
(d) Multiple Employer Welfare Arrangements
(Florida Statutes § 624.4211(2))
$100.00 per day
$200 per day
$2,500
(e) Motor Vehicle Service Agreements
(Sections 634.137, 634.131(3), F.S.)
$100 per day
$100 per day
None
(f) Home Warranty
(Florida Statutes § 634.313(3))
$25 per day
$50 per day
None
(g) Premium Finance
(Florida Statutes § 626.681)
$12.50 per day
$25 per day
$500
(h) Prepaid Legal
(Florida Statutes § 642.0338(2))
$12.50 per day
$25 per day
$1,000
(i) Service Warranty
(Florida Statutes § 634.415(3))
$50 per day
$100 per day
None
(j) Insurance Administrators
(Florida Statutes § 626.894(2))
$12.50 per day
$25 per day
$1,000
“”A”” is applicable if the entity filed late last year and filed late this year, but within 5 days after notice or if timely filed last year and late by more than five days after notice in current year. “”B”” is applicable if the entity filed late last year and filed late in current year more than 5 days after notice.
(2) The fines provided in subsection (1), above, may be increased or decreased based on the following mitigating and aggravating factors:
(a) Mitigating:
1. The entity has given advance notice to the Office that it will be filing late.
2. Justifiable unforeseen cause not within control of entity.
3. The entity has timely submitted major portions of the report.
4. Other mitigating factors as the Office may determine on the facts of the particular situation.
(b) Aggravating:
1. The entity has not given prior notice to the Office that it will be filing late.
2. Adverse financial condition indicated when report is filed.
3. Past violations by the entity.
4. Willfully or intentionally failing to file the report.
(3) The fines referenced in subsection (1), above, are in addition to any other penalties that may be allowed by law, including the summary suspension of authority to transact business until the report is filed.
(4) For purposes of this rule an annual report or statement, required by law, is deemed received by the Office on the date it is submitted electronically at http://www.floir.com/iportal.
Rulemaking Authority 624.308(1), 634.021, 634.302, 634.402, 634.137, 641.36, 641.403, 651.015 FS. Law Implemented 624.307(1), 624.424, 624.442, 626.681, 626.894(2), 627.833, 634.313(3), 634.415(3), 637.118(2), 637.278(2), 637.423, 641.26(4), 641.41(2), 642.0338(2) FS. History-New 1-28-91, Formerly 4-120.001, 4-207.001, Amended 7-30-17.