Amendment to Purpose and Effect Statement: These rules are being amended to adopt the 2014 NAIC Quarterly Statement Manuals, the 2013 NAIC Annual Statement Instructions Manuals, and the 2013 and 2014 NAIC Accounting Practices and Procedures Manuals....
DEPARTMENT OF FINANCIAL SERVICES
RULE NO.:RULE TITLE:
69O-137.001Annual and Quarterly Reporting Requirements
PURPOSE AND EFFECT: Amendment to Purpose and Effect Statement:
These rules are being amended to adopt the 2014 NAIC Quarterly Statement Manuals, the 2013 NAIC Annual Statement Instructions Manuals, and the 2013 and 2014 NAIC Accounting Practices and Procedures Manuals. The current rule adopted the 2013 NAIC Quarterly Statement Manuals, the 2012 NAIC Annual Statement Instructions Manuals, and the 2012 and 2013 NAIC Accounting Practices and Procedures Manuals. The rule is also being updated to reflect the current process for filing the annual and quarterly statements as well as to specify that annual and quarterly statements are to be filed electronically and not in any other format.
SUBJECT AREA TO BE ADDRESSED: Section 624.424, Florida Statutes, requires insurers to file quarterly and annual financial reports with the Office of Insurance Regulation and allows the Office to enact rules setting the standards for those reports. By adopting the current versions of these NAIC instructions and manuals, the Office is establishing up-to-date, uniform standards for annual and quarterly reports which will provide the information necessary for the Office to evaluate insurers’ financial conditions.
RULEMAKING AUTHORITY: 624.308(1), 624.424(1) FS.
LAW IMPLEMENTED: 624.424(1) 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: David Altmaier, Office of Insurance Regulation, E-mail David.Altmaier@floir.com
THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.
Document Information
- Subject:
- Section 624.424, Florida Statutes, requires insurers to file quarterly and annual financial reports with the Office of Insurance Regulation and allows the Office to enact rules setting the standards for those reports. By adopting the current versions of these NAIC instructions and manuals, the Office is establishing up-to-date, uniform standards for annual and quarterly reports which will provide the information necessary for the Office to evaluate insurers’ financial conditions.
- Purpose:
- Amendment to Purpose and Effect Statement: These rules are being amended to adopt the 2014 NAIC Quarterly Statement Manuals, the 2013 NAIC Annual Statement Instructions Manuals, and the 2013 and 2014 NAIC Accounting Practices and Procedures Manuals. The current rule adopted the 2013 NAIC Quarterly Statement Manuals, the 2012 NAIC Annual Statement Instructions Manuals, and the 2012 and 2013 NAIC Accounting Practices and Procedures Manuals. The rule is also being updated to reflect the current ...
- Rulemaking Authority:
- 624.308(1), 624.424(1), FS.
- Law:
- 624.424(1), FS.
- Contact:
- David Altmaier, Office of Insurance Regulation, E-mail David.Altmaier@floir.com.
- Related Rules: (1)
- 69O-137.001. Annual and Quarterly Reporting Requirements