15572106, 69O-138.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 15572106

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

FINANCIAL EXAMINATIONS AND REQUIREMENTS

Overview

RULE:

69O-138.001

NAIC Financial Condition Examiners Handbook Adopted

PURPOSE:

These rules are being amended to adopt the 2014 and 2015 NAIC Financial Condition Examiners Handbooks.  The current rule adopted the 2013 and 2012 versions of these handbooks.

SUMMARY:

Section 624.316, Florida Statutes, requires the Office to examine insurer’s financial condition using generally accepted accounting procedures. This statute also allows the Office to adopt the NAIC Financial Condition Examiners Handbook to facilitate these exams. 
The rule is being amended to adopt the 2014 and 2015 NAIC Financial Condition Examiners Handbooks.  The current rule adopted the 2013 and 2012 versions of these handbooks.

RULEMAKING AUTHORITY:

624.308(1), 624.316(1)(c), FS.

LAW:

624.316(1)(c), FS.

PRINT PUBLISH DATE:

1/21/2015 Vol. 41/13

COMMENTS:

From 1/21/2015 To 2/11/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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