4099819, 69O-162.203 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 4099819

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

ANNUITY CONTRACTS

Overview

RULE:

69O-162.203

Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance.

PURPOSE:

The purpose of this regulation is to recognize, permit and prescribe the use of mortality tables that reflect differences in mortality between Preferred and Standard lives in determining minimum reserve liabilities in accordance with subsection 625.121(5)(a)3., F.S., and Rule 69O-164.020, F.A.C.

SUBJECT:

Life Insurance Reserves.

RULEMAKING AUTHORITY:

624.308(1), 625.121 FS.

LAW:

624.307(1), 625.121 FS.

PRINT PUBLISH DATE:

5/11/2007 Vol. 33/19

RELATED STATUTES
AND LAWS:

624.308(1), 625.121 FS., 624.307(1), 625.121 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69O-162.203&PDate=5/11/2007&Section=1

REFERENCE MATERIALS:

No reference(s).

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