Fla. Admin. Code R. 69O-137.001

Current through Reg. 50, No. 222; November 13, 2024

Section 69O-137.001 - Annual and Quarterly Reporting Requirements

(1) The purpose of this rule is to establish uniform requirements reporting of annual and quarterly statement information for all authorized insurers as defined in Section 624.09, F.S.

(2) Each authorized insurer shall file with the Office a full and true statement of its financial condition, transactions, and affairs.

(a) An annual statement covering the preceding calendar year shall be filed on or before March 1, and quarterly statements covering the periods ending on March 31, June 30, and September 30 shall be filed within 45 calendar days after each such date.

(b) The Office shall grant an extension of time for filing an annual or quarterly statement if there exist conditions beyond the control of the authorized insurer, such as rehabilitation pursuant to Chapter 631, F.S., or the laws of the state of domicile; severe damage to the insurer's physical premises by a natural or man-made disaster; or some other reason of similar gravity and severity. The extension shall be for the amount of time reasonable to file under the conditions which justified the extension.

(c) For purposes of this rule, the requirement that statements be filed with the Office means that the statement has been transmitted electronically to the National Association of Insurance Commissioners and that the executed Jurat page of said statement has been transmitted electronically to the Office via the Regulatory Electronic Filing System, "REFS." The date affixed by the Office's electronic data processing system shall serve as evidence of the timeliness of the statement. Annual and quarterly statements in any other format shall not be submitted to the Office.

(3) Annual and Quarterly Statement Reporting.

(a) Each insurer shall submit its annual and quarterly statement information electronically to the National Association of Insurance Commissioners in accordance with the electronic filing instructions specified in paragraph (3)(b), below.

(b)

1. The National Association of Insurance Commissioners electronic transmission filing instructions (Financial Internet Filing Online User's Guide 2023) are hereby adopted and incorporated by reference, http://www.flrules.org/Gateway/reference.asp?No=Ref-16337.

2. A copy of these specifications may be obtained from the National Association of Insurance Commissioners at http://www.naic.org/industry_financial_filing.htm.

(4) Manuals Adopted.

(a) Annual statements shall be prepared in accordance with the following manuals, which are hereby adopted and incorporated by reference:

1. The NAIC's Annual Statement Instructions, Property and Casualty, 2022;

2. The NAIC's Annual Statement Instructions, Life, Accident and Health\Fraternal, 2022;

3. The NAIC's Annual Statement Instructions, Health, 2022;

4. The NAIC's Annual Statement Instructions, Title, 2022; and,

5. The NAIC's Accounting Practices and Procedures Manual, as of March 2022.

(b) Quarterly statements shall be prepared in accordance with the following manuals, which are hereby adopted and incorporated by reference:

1. The NAIC's Quarterly Statement Instructions, Property and Casualty, 2023;

2. The NAIC's Quarterly Statement Instructions, Life, Accident and Health\Fraternal, 2023;

3. The NAIC's Quarterly Statement Instructions, Health, 2023;

4. The NAIC's Quarterly Statement Instructions, Title, 2023; and,

5. The NAIC's Accounting Practices and Procedures Manual, as of March 2023.

(c) The agency has determined that posting these incorporated materials would be a violation of federal copyright law. The materials are available for public inspection at the Office of Insurance Regulation, Larson Building, 200 East Gaines Street, Tallahassee, Florida 32399-0300, or at the Department of State, R.A. Gray Building, 500 South Bronough Street, Tallahassee, Florida 32399-0250. A copy of the manuals may also be obtained from the National Association of Insurance Commissioners 1100 Walnut Street, Suite 1500, Kansas City, MO 64106-2197, Telephone (816)783-8500, website: http://www.naic.org.

Fla. Admin. Code Ann. R. 69O-137.001

Rulemaking Authority 624.308(1), 624.424(1) FS. Law Implemented 624.424(1) FS.

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, 3-16-08, 3-4-09, 1-4-10, 9-28-11, 1-28-13, 9-15-13, Amended by Florida Register Volume 41, Number 135, July 14, 2015 effective 7/28/2015, Amended by Florida Register Volume 42, Number 198, October 11, 2016 effective 10/25/2016, Amended by Florida Register Volume 43, Number 138, July 18, 2017 effective 7/30/2017, Amended by Florida Register Volume 45, Number 059, March 26, 2019 effective 4/11/2019, Amended by Florida Register Volume 48, Number 120, June 21, 2022 effective 7/3/2022, Amended by Florida Register Volume 50, Number 011, January 17, 2024 effective 1/28/2024.