25742168, 69O-137.001 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 25742168

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

INSURER REPORTING REQUIREMENTS

Overview

RULE:

69O-137.001

Annual and Quarterly Reporting Requirements

PURPOSE:

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.

SUMMARY:

This rule is amended to adopt the 2020 National Association of Insurance Commissioners electronic transmission filing instructions, 2019 NAIC’s Annual Statement Instructions, the 2020 NAIC’s Quarterly Statement Instructions, and the NAIC’s Accounting Practices and Procedures Manual as of March 2019 and 2020.

RULEMAKING AUTHORITY:

624.308(1), 624.424(1), F.S.

LAW:

624.424(1), F.S.

PRINT PUBLISH DATE:

4/8/2022 Vol. 48/69

COMMENTS:

From 4/8/2022 To 4/29/2022 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.