Assignment of Benefits Reform is Florida Office of Insurance Regulation Legislative Goal for 2018

 

Assignment of Benefits reform was the sole 2018 goal listed by Florida Insurance Commissioner David Altmaier when he presented his legislative agenda, along with an analysis of new Florida Office of Insurance Regulation (“OIR”) performance measures to the Florida Cabinet this morning, August 16, 2017.

A number of various regulatory items were also approved on the OIR Cabinet agenda today.  Among them were:

Request for Approval for Final Adoption of Repeal of Rule 69O-125.002; Unfair Discrimination in Insurance Rates-Multi-Policy Discounts

• This Rule has become obsolete due to changes to Section 627.0655, F.S., which governs the approval of multi-policy discounts.

Request for Approval for Final Adoption of Repeal of Rules 69O-136.002,.006: Foreign and Alien Insurers Filing for a Certificate of Authority; Domestic Insurers Filing for an Application for Permit

• These two Rules are being repealed as a part of reorganizing and streamlining the application process governed by Rule Chapter 136, F.A.C.

Request for Approval for Final Adoption of Rule 69O-136.004,.005,.012,.018,.031,.032 and .034:  Application procedures for Companies Seeking to Do Business in Florida–Electronic Filing Rules

• Chapters 624, 625, 628, 629 and 632, Florida Statutes, provide authority for the OIR to issue Certificates of Authority and licenses to insurers and related entities.Rule Chapter 69O-136 adopts the necessary forms to be used and governs the filing process. The Rules are amended to provide for electronic filing and update the rules to adopt the Forms that are currently in use by the OIR.

Request for Approval for Publication of Repeal of Rules 69O-154.110,.111; Certificate of Creditable Coverage; Demonstration of Creditable Coverage If Certificate is not Provided

• These two Rules are being repealed due to a change in the governing statute that no longer requires insurers to provide a certificate of credible coverage.

To view the complete OIR Cabinet meeting package, click here.

To view the complete Cabinet agenda, click here.

 

 

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