5443754, 69O-144.007 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5443754

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

OIR – Insurance Regulation

Chapter:

REINSURANCE

Overview

RULE:

69O-144.007

Credit for Reinsurance from Certified Reinsurers

PURPOSE:

To implement revisions to Section 624.610, F.S., relating to rating based collateral requirements.

SUMMARY:

The rule establishes a process to implement Section 624.610(3)(e), F.S., by setting up a process by which an insurer gets credit for ceded insurance based upon its rating.

RULEMAKING AUTHORITY:

624.308 FS.

LAW:

624.610 FS.

PRINT PUBLISH DATE:

4/4/2008 Vol. 34/14

COMMENTS:

From 4/4/2008 To 4/25/2008 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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