Post on Oct. 28, 2008
Reinsurance Credit in FloridaAdopted pursuant to 2007 legislation, Florida’s new ratings-based Rule enables the State’s Insurance Commissioner to establish lower collateral requirements for unauthorized and unaccredited foreign and alien reinsurers that meet the Rule eligibility standards, as well...
Post on Sep. 16, 2008
Florida's Insurance Commissioner received authorization from the Florida Financial Services Commission on September 16, 2008, to use his discretion in allowing the financially strongest unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral....
