Published on: 26034041. A rule hearing is being held for public comments regarding the Office’s proposed rules and the Notice of Change filed by the Office for Rules .... Monday, July 25, 3:00 p.m. Conference call. To join by telephone, call 1 850-328-4354 ....
Published on: 25775342. The Office of Insurance Regulation is updating Chapter 69O-144 to conform with changes to the NAIC’s model regulations relating to credit for reinsurance and term and universal life insurance reserve financing.
Published on: 25089358. The Office of Insurance Regulation is updating Chapter 69O-144 to conform with changes to the NAIC’s model regulations relating to credit for reinsurance. 69O-144.011 is created to implement 2021-101, Laws of Florida.
Published on: 15881342. This is the Final Public Hearing on the adoption of proposed amendments to Rule 69O-144.005,.007, Florida Administrative Code, published on January 20, 2015 in Vol. 41, No. 12, of the Florida Administrative Register.; June 23, 2015 at 9:00 a.m., during a regular meeting of the Financial Services Commission.; Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida
Published on: 15561145. These rules are being amended in order to conform to the National Association of Insurance Commissioners (NAIC) model laws for accreditation purposes and to provide consistency among regulatory jurisdictions as to the manner in which reinsurers are granted the status of “certified reinsurer” (currently termed “eligible reinsurer” in the rule) and the manner in which Florida domestic insurance companies can apply credit for reinsurance from these entities. The amendments pertain to a requirement that ceding insurers notify the Office in the event that reinsurance recoverables or reinsurance ceded exceeds a certain amount; the filing requirements for certified reinsurers; the factors to be considered in the evaluation and rating of certified reinsurers; the method by which a jurisdiction is determined to be qualified; the circumstances under which the Commissioner may suspend, revoke, or otherwise modify a certified reinsurer’s certification; and the effect of a rating downgrade, rating upgrade, or revocation of the certification of a certified reinsurer.
Published on: 14341564. To amend the rules in order to conform to the National Association of Insurance Commissioners (NAIC) model laws for accreditation purposes and to provide consistency among regulatory jurisdictions as to the manner in which reinsurers are granted the status of “certified reinsurer” (currently termed “eligible reinsurer” in the rule) and the manner in which Florida domestic insurance companies can apply credit for reinsurance from these entities. The amendments pertain to a requirement that ceding insurers notify the Office in the event that reinsurance recoverables or reinsurance ceded exceeds a certain amount; the filing requirements for certified reinsurers; the factors to be considered in the evaluation and rating of certified reinsurers; the method by which a jurisdiction is determined to be qualified; the circumstances under which the Commissioner may suspend, revoke, or otherwise revoke a certified reinsurer’s certification; and the effect of a rating downgrade, rating upgrade, or revocation of the certification of a certified reinsurer.