69O-144.012 is created to adopt NAIC Term and Universal Life Insurance Reserve Financing Model Regulation.

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

RULE NO.:RULE TITLE:

69O-144.012Term and Universal Life Insurance Reserve Financing

PURPOSE AND EFFECT: 69O-144.012 is created to adopt NAIC Term and Universal Life Insurance Reserve Financing Model Regulation.

SUBJECT AREA TO BE ADDRESSED: Reinsurance

RULEMAKING AUTHORITY: 624.308(1), 624.424(1), 624.610(15), 625.121(3), 625.1212(5), (8) FS.

LAW IMPLEMENTED: 624.4085, 624.610, 625.012, 625.121, 625.1212, 625.151 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., 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.