21239234, 69O-137.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 21239234

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

INSURER REPORTING REQUIREMENTS

Overview

RULE:

69O-137.001

Annual and Quarterly Reporting Requirements

PURPOSE:

These rules are being amended to adopt the 2018 National Association of Insurance Commissioners electronic transmission filing instructions, 2017 and 2018 NAIC’s Annual Statement Instructions, the 2017 and 2018 NAIC’s Quarterly Statement Instructions, and the NAIC’s Accounting Practices and Procedures Manual as of March 2018.  The current rule adopted the 2017 National Association of Insurance Commissioners electronic transmission filing instructions, the 2016 and 2017 NAIC’s Annual Statement Instructions, the 2016 and 2017 NAIC’s Quarterly Statement Instructions, and the NAIC’s Accounting Practices and Procedures Manual as of March 2017.

SUMMARY:

Section 624.424, Florida Statutes, requires insurers to file quarterly and annual financial reports with the Office of Insurance Regulation and allows the Office to enact rules setting the standards for those reports. By adopting the current versions of these NAIC instructions and manuals, the Office is establishing up-to-date, uniform standards for annual and quarterly reports which will provide the information necessary for the Office to evaluate insurers’ financial conditions.

RULEMAKING AUTHORITY:

624.308(1), 624.424(1), F.S.

LAW:

624.424(1), F.S.

PRINT PUBLISH DATE:

12/10/2018 Vol. 44/238

COMMENTS:

From 12/10/2018 To 12/31/2018 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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