8446389, 69O-137.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 8446389

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

INSURER REPORTING REQUIREMENTS

Overview

RULE:

69O-137.002

Annual Audited Financial Reports

PURPOSE:

To adopt the model audit rule of the National Association of Insurance Commissioners (NAIC) as required by Section 624.424(8)(e), Florida Statutes.

SUMMARY:

Section 624.424(8)(e), Florida Statutes, provides that the Financial Services Commission must adopt rules in substantial conformity with the 1998 NAIC Model Audit Rule or subsequent amendments. The NAIC has adopted subsequent amendments to the 1998 Model Audit Rule. The rule being proposed amends the existing rule to conform with the subsequent amendments adopted by NAIC.

RULEMAKING AUTHORITY:

624.308(1), 624.424(8)(e) FS.

LAW:

624.307(1), 624.324, 624.424(8) FS.

PRINT PUBLISH DATE:

3/26/2010 Vol. 36/12

COMMENTS:

From 3/26/2010 To 4/16/2010 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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