Florida Insurance Holding Company Transactions, Solvency Rules Effective May 31, 2016
May 17, 2016
Recently adopted by the Florida Office of Insurance Regulation, the following Rules relating to insurance holding companies become effective on May 31, 2016:
69O-143.046 Registration of Insurers
69O-143.047 Standards
69O-143.056 Acquisition of Controlling Stock
The new Rules implement recent statutory requirements, as well as update and provide clarification on referenced forms used in connection with holding companies, acquisitions and transactions between affiliates.
The revisions improve the Florida Office of Insurance Regulation’s ability to regulate and monitor the financial solvency of insurance holding companies and acquisitions of entities regulated by Florida Law.
To read the complete text of the new Rules, click here.
To access the Notice of Final Adoption, click here.
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