Two insurer groups have told Florida regulators they oppose aproposed rule that would eliminate the collateral required offoreign reinsurers, saying it would be harmful to the fiscalstrength of primary carriers.

The comments from the Indianapolis-based National Association ofMutual Insurance Companies and American Insurance Association inWashington have been sent to the Florida Office of InsuranceRegulation.

OIR spokesman Ed Domansky said a half dozen comments on the rulehave also come in from U.S. and foreign reinsurers from Bermuda andLondon as well as primary insurers. Foreign reinsurers generallyoffered support, but suggested some revisions, he said.

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