FPCA Member Comments Requested for October 21 Annual Audited Financial Reports Rule Workshop
Oct 17, 2009
The Florida Office of Insurance Regulation has scheduled a Rule Development Workshop on October 21 at 9:30 a.m. for proposed Rule 69O-137.002, Annual Audited Financial Reports, which would implement Sarbanes-Oxley-type financial controls for certain Florida insurers similar to the National Association of Insurance Commissioners’ 2006 Model Audit Rule. As part of its insurance department accreditation process, the NAIC has given state insurance departments until 2010 to adopt the Model Audit Rule or substantially similar regulations.
To view the meeting notice, click here.
A memorandum describing the proposed amendments to Rule 69O-137.002 is attached for review.
Representatives from Colodny Fass will be attending this Workshop. Should you wish to provide comments on the proposed Rule as an FPCA member, we can present these on your behalf. Please contact Katie Webb at kwebb@cftlaw.com no later than Tuesday, October 20.