Category: Florida Department of Financial Services

  Florida regulatory audits to ensure insurer compliance with anti-fraud laws could become less frequent with a proposed change in Rule 69D-2.005, entitled “Compliance and Enforcement” relating to insurance company anti-fraud units. Currently, Rule 69D-2.005 provides that the Florida Office …

Above:  G. Donovan Brown of Colodny Fass notes pending repeal of Florida’s Sinkhole Insurance Claim Reporting Database Rule   A Rule requiring insurers to electronically submit data for all sinkhole or catastrophic ground cover collapse claims (confirmed on or after …

  The Florida Division of Insurance Agent and Agency Services (“Division”) held a Rule Hearing today, September 16, 2014, on proposed changes to Rule 69B-220.051, entitled “Conduct of Public Adjusters,” and Rule 69B-220.201, “Ethical Requirements.”  The proposed amendments would incorporate …

  In a Request for Proposal (“RFP”) issued today, June 10, 2014, the Florida Department of Financial Services advised that it is seeking proposals for the acquisition of Sunshine State Insurance Company’s (“Sunshine State’s”) book of “write-your-own” flood insurance policies.  …

  The Florida Insurance Guaranty Association (“FIGA”) Board of Directors (“Board”) met in Tallahassee, Florida today, June 9, 2014, to discuss the Sunshine State Insurance Company (“Sunshine State”) liquidation.  On May 30, 2014, the Florida Office of Insurance Regulation (“OIR) …

  A substantial overhaul of Rule 69L-7.710, F.A.C., (formerly Rule 69L-7.602, F.A.C.), entitled “Florida Workers’ Compensation Medical Services Billing, Filing and Reporting Rule” will be the subject of a Florida Division of Workers’ Compensation (“DWC”) Rule Development Workshop scheduled for …

  The Florida Insurance Guaranty Association will hold a public meeting on Monday, June 9, 2014 at 2:00 p.m. in Tallahassee in regard to Sunshine State Insurance Company.  To view the meeting notice, click here. A Colodny Fass& Webb representative …

  A new insurance agent and agency compliance Web page, step-by-step instructions for completing online agent appointments, and information for public adjusters currently working in Florida’s Panhandle area are among the insurance-related compliance and legislative advisories in the Florida Department …

  Recent amendments to the following Rules for self-insurers under Florida’s Workers’ Compensation Act became effective on May 13, 2014. 69L-5.209:  Financial Statements Reporting 69L-5.215:  Parental Guaranty 69L-5.219:  Excess Insurance 69L-5.225:  Requirements The revised regulations are intended to provide guidance …

  The Florida Department of Financial Services’ (“DFS”) Division of (Insurance) Agent and Agency Services has scheduled a May 13, 2014 Rule Hearing on proposed amendments to Rule Chapter 69B-227, F.A.C., relating to the establishment of requirements and standards for …