21239137, 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: 21239137

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 2017 and 2018 National Association of Insurance Commissioners Financial Condition Examiners Handbooks. The current rule adopted the 2016 and 2017 versions of these handbooks.

SUMMARY:

Section 624.316, Florida Statutes, requires the Office to examine insurer’s financial condition using generally accepted accounting procedures and allows the Office to adopt the NAIC Financial Condition Examiners Handbook to facilitate these exams. By adopting the newest version of the handbook, this rule ensures that the procedures used by the Office to examine insurers are the current generally accepted accounting practices.

RULEMAKING AUTHORITY:

624.308(1), 624.316(1)(c), F.S.

LAW:

624.316(1)(c), F.S.

PRINT PUBLISH DATE:

12/10/2018 Vol. 44/238

COMMENTS:

From 12/10/2018 To 12/31/2018 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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