Sections 624.610(3)(a)-(d), Florida Statutes, establishes the circumstances under which an insurer may normally receive credit, as either an asset or reduction from liability, for ceding liability to an assuming reinsurer. Section 624.610(3)(e), Florida Statutes, gives the Commissioner authority to allow credit for reinsurance that does not meet the criteria established in Sections 624.610(3)(a)-(d), Florida Statutes, if the assuming insurer holds surplus in excess of $250 million and has a secure financial strength rating from at least two nationally recognized statistical rating organizations deemed acceptable by the Commissioner. Rule 69O-144.007, Florida Administrative Code, was adopted by the Office to implement the provisions of Section 624.610(3)(e), Florida Statutes. The Rule currently applies only to property and casualty insurance and it does not permit the Commissioner to allow credit for life insurers that obtain reinsurance from reinsurers that do not meet the criteria contained in Sections 624.610(3)(a)-(d), Florida Statutes. The Office of Insurance Regulation is seeking to amend Rule 69O-144.007, Florida Administrative Code, to apply to life insurance as well as property and casualty insurance.