Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) is seeking to amend Rule 69O-144.007, F.A.C, entitled “Credit for Reinsurance From Eligible Reinsurers” to apply to life insurance.  The Rule currently applies only to property and casualty insurance. Rule 69O-144.007 was …

Concurrently with Florida Governor Rick Scott’s signing of CS/CS/HB 119 relating to Motor Vehicle Personal Injury Protection Insurance today, May 4, 2012, Florida Insurance Commissioner Kevin McCarty issued Informational Bulletin OIR-12-02M to all motor vehicle insurers in the State of …

  In response to Florida Governor Rick Scott’s enactment of CS/CS/HB 1101 into law yesterday, April 24, 2012, the Florida Office of Insurance (“OIR”) announced that “Florida now has better opportunities to attract U.S. domiciled captive insurers.” To access the …

  The Florida Office of Insurance Regulation announced today, April 23, 2012, that a $40 million settlement pertaining to the location of life and annuity beneficiaries and the reporting of unclaimed property has been reached between nine Metropolitan Life insurance …

  A Rule Development Workshop on proposed amendments to Rule 69O-149.003 relating to Rate Filing Procedures was held this morning, April 17, 2012, at the Florida Office of Insurance Regulation in Tallahassee.   No public testimony was offered on the proposed …

The Florida Office of Insurance Regulation announced today, April 17, 2012, that NIMA, Inc. will contract with the Florida Surplus Lines Service Office to serve as its central clearinghouse provider for the collection and allocation of surplus lines premium tax …

  The Florida Office of Insurance Regulation (“OIR”) has issued an Order exempting certain property and casualty policy forms, policy endorsements, applications or other forms from the requirements of Section 627.410, F.S., in certain circumstances.  The Order is effective for …

  Insurers seeking limited apportionment company (“LAC”) status for 2012 must petition the Florida Office of Insurance Regulation (“OIR”) within the first 90 days of 2012, meaning by tomorrow, March 31, 2012. Applications received after this deadline will not be considered. …

  The Florida Office of Insurance Regulation (“OIR”) has advised that the filing due date for Part 1 of its Annual Reinsurance Data Call has been extended to Monday, April 16, 2012.  Also, questions 34 and 35 of the Data …

  Florida Insurance Commissioner Kevin McCarty issued a March 20, 2012 order to United States Contractors Trust and Access Health Now to cease and desist engaging in the unauthorized and unlicensed sale of insurance in the State of Florida. To …