19317179, 69O-162.008 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 19317179

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

ANNUITY CONTRACTS

Overview

RULE:

69O-162.008	Contract Provision; Expense, Mortality and Investment Increment Factor
69O-162.012	Valuation of Account Assets; Reserve Liability

PURPOSE:

Amend rules to refer to updated Annuity Mortality Tables for individual and group annuity contracts.

SUMMARY:

The rules are amended to cross reference the Annuity Mortality Tables listed in rule 69O-162.108 for policies issued prior to December 31, 2016 and reference the NAIC Valuation Manual adopted by s. 625.1212 F.S. for policies issued on or after January 1, 2017.

RULEMAKING AUTHORITY:

624.308(1), 627.805, FS.

LAW:

624.307(1), 625.121, 627.802, 627.803, 627.804, 627.413, FS.

PRINT PUBLISH DATE:

8/21/2017 Vol. 43/162

COMMENTS:

From 8/21/2017 To 9/11/2017 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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