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.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NOS.:RULE TITLES:

69O-144.001Purpose

69O-144.002Approval Procedures

69O-144.004Credit for Reinsurance: Authorized Reinsurers

69O-144.005Credit for Reinsurance

69O-144.006Credit for Reinsurance: Reinsurers Maintaining Trust Funds

69O-144.007Credit for Reinsurance From Certified Reinsurers

69O-144.009Credit for Reinsurance: Other Requirements and Provisions

69O-144.011Credit for Reinsurance from Reinsurers Domiciled in Reciprocal Jurisdictions

PURPOSE AND EFFECT: 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.

SUBJECT AREA TO BE ADDRESSED: Reinsurance

RULEMAKING AUTHORITY: 624.308(1), 624.424(1), 624.610(4), (15) FS.

LAW IMPLEMENTED: 624.307, 624.316, 624.317, 624.318, 624.321, 624.624, 624.34, 624.401, 624.404, 624.407, 624.413, 624.424, 624.501, 624.5091, 624.610, 625.012, 626.9641, 628.051, 628.061, 628.801, 629.081, 631.051, 631.071, 631.081 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: October 15, 2021, 2:00 p.m.

PLACE: Conference call at [phone] and enter conference ID# 9997016.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Michael Lawrence, Jr., Chief Legal Counsel, [e-mail], [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

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

 

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