The rule is being amended to conform to the amendments to the National Association of Insurance Commissioners (NAIC) Annual Financial Reporting Model Regulation model rule.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NO.:RULE TITLE:

69O-137.002Annual Audited Financial Reports

PURPOSE AND EFFECT: The rule is being amended to conform to the amendments to the National Association of Insurance Commissioners (NAIC) Annual Financial Reporting Model Regulation model rule.

SUBJECT AREA TO BE ADDRESSED: The amendments update standards developed by the American Institute of CPAs that are incorporated by reference for use in annual audited financial statements.

RULEMAKING AUTHORITY: 624.308(1), 624.4085, 624.424(8)(e), FS.

LAW IMPLEMENTED: 624.307(1), 624.324, 624.424(8), FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Michael Lawrence, Jr., Assistant General Counsel, [e-mail], [phone].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.