Foreign reinsurers with triple-A ratings from two rating firms would not have to post collateral under a new Florida Office of Insurance Regulation published Friday.

Florida and New York, in advance of action by the National Association of Insurance Commissioners, have been moving ahead with new rules to alter longstanding collateral requirements for reinsurers.

Ed Domansky, a spokesman for the OIR, commented via e-mail that the next step in the process will be a state cabinet meeting on the proposed rule, for which no date has been set.

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