OIR Rule Development Workshop on NAIC Handbook Update and Insurer Reporting Requirements Scheduled For June 9
May 14, 2009
The Florida Department of Financial Services, Office of Insurance Regulation has issued the attached Notice of Proposed Rulemaking regarding proposed changes to its annual and quarterly insurer reporting requirements and the update of the adopted 2008 National Association of Insurance Commissioners (“NAIC”) Financial Examiners Handbook to the 2009 version.
Amendments to the following Rules will be considered:
- 69O-137.001: Annual and Quarterly Reporting Requirements
- 69O-138.001: NAIC Financial Examiners Handbook Adopted
If a Rule development workshop is requested in writing and not deemed unnecessary by the agency head, one will be held at the date, time, and place shown below:
Date: Tuesday, June 9, 2009
Time: 9:30 a.m.
Place: Room 143 of the Larson Building, 200 East Gaines Street, Tallahassee
A copy of the Rule development workshop Notice is attached for your review. Full text versions of the proposed Rules are reprinted below.
Should you have any questions or comments, please contact Colodny Fass.
THE FULL TEXT OF THE PROPOSED RULE IS:
69O-137.001 Annual and Quarterly Reporting Requirements
(1) through (3) No change.
(4) Manuals Adopted.
(4)(a) No change.
(4)(b) Quarterly statements shall be prepared in accordance with the following manuals, which are hereby adopted and incorporated by reference:
- The NAIC’s Quarterly Statement Instructions, Property and Casualty, 2009 2008;
- The NAIC’s Quarterly Statement Instructions, Life, Accident and Health, 2009 2008;
- The NAIC’s Quarterly Statement Instructions, Health, 2009 2008;
- The NAIC’s Quarterly Statement Instructions, Title, 2009 2008; and
- The NAIC’s Accounting Practices and Procedures Manual, as of March 2009 2008.
(4)(c) No change.
Specific Authority: 624.308(1), 624.424(1), F.S. Law implemented: 624.424(1), F.S. History-New 3-31-92, Amended 8-24-93, 4-9-95, 4-9-97, 4-4-99, 11-30-99, 2-11-01, 4-5-01, 12-4-01, 12-25-01, 8-18-02, 7-27-03, Formerly 4-137.001, Amended 1-6-05, 9-15-05, 1-25-07, _________.
THE FULL TEXT OF THE PROPOSED RULE IS:
69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
(1)(a) The National Association of Insurance Commissioners Financial Condition Examiners Handbook (2006) is hereby adopted and incorporated by reference.
(1)(b) The National Association of Insurance Commissioners Financial Condition Examiners Handbook 20092008 is hereby adopted and incorporated by reference.
(2) – (3) No change.
Specific Authority 624.308(1), 624.316(1)(c) FS. Law Implemented 624.316(1)(c) FS. History-New 3-30-92, Amended 4-9-97, 4-4-99, 11-30-99, 2-11-01, 12-25-01, 8-18-02, 7-27-03, Formerly 4-138.001, Amended 1-6-05, 9-15-05, 1-25-07, ________________.
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