8746507, 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: 8746507

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:

To adopt changes to the NAIC Model Regulation and explain the conditions for use of the preferred class structure mortality tables and to permit use of the mortality tables for policies issued prior to the adoption date of the original rule.

SUBJECT:

Life Insurance Reserves.

RULEMAKING AUTHORITY:

624.308(1), 625.121 FS.

LAW:

624.307 (1), 625.121 FS.

PRINT PUBLISH DATE:

6/11/2010 Vol. 36/23

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=6/11/2010&Section=1

REFERENCE MATERIALS:

No reference(s).

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