September 20, 2011: Florida Cabinet Meeting

9:00 a.m.–Florida Cabinet meeting.

• • OIR
    • For final adoption
      • 69O-164.020: Valuation of Life Insurance Policies
        • Rule amendments would revise the National Association of Insurance Commissioners (“NAIC”) Model Regulation that reduce the minimum premium deficiency reserve requirement, subject to certain conditions to ensure adequacy of reserves.
      • 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance
        • Rule amendments would revise the NAIC Model Regulation, explain the conditions for use of the preferred class structure mortality tables and permit use of the mortality tables for policies issued prior to the adoption date of the original Rule.
      • 69O-138.001: NAIC Financial Condition Examiners Handbook Adopted
        • Rule amendments would adopt the newest version of the NAIC Financial Condition Examiners Handbook used in examining insurers’ financial conditions
      • 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary
        • Rule amendments would revise the NAIC Model Regulation by adding an additional requirement to the Regulatory Asset Adequacy Issues Summary as a result of changes to Rules 69O-162.203 and 69O-164.020, F.A.C.