23694401, 69O-143.0465 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 23694401

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

DOMESTIC INSURERS

Overview

RULE:

69O-143.0465	Groupwide Supervision of Internationally Active Insurance Groups
69O-143.0466	Contents of Corporate Governance Annual Disclosure

PURPOSE:

Rule 69O-143.0465 is created to implement the NAIC Holding Company System Regulatory Act #440.  Rule 69O-143.0466 is created to implement the NAIC Corporate Governance Annual Disclosure Model Act #305 and the NAIC Corporate Governance Annual Disclosure Model Regulation #306.

SUMMARY:

Rule 69O-143.0465 allows the Office to act as the group-wide supervisor for any internationally active insurance group and may acknowledge another regulatory official to act as the group-wide supervisor.  Rule 69O-143.0466 provides items that must be included in an insurer’s corporate governance annual disclosure.

RULEMAKING AUTHORITY:

624.308(1), 628.801(1), 628.804(4), and 628.8015(6) FS.

LAW:

624.307(1), 628.801, 628.804, and 628.8015 FS.

PRINT PUBLISH DATE:

9/28/2020 Vol. 46/189

COMMENTS:

From 9/28/2020 To 10/19/2020 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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