Category: Florida Office of Insurance Regulation

  The Florida Office of Insurance Regulation (“OIR”) will hold a public rate hearing tomorrow, August 5, 2010, at 1:00 p.m. to consider a rate increase request by Royal Palm Insurance Company (“Royal Palm”) for its dwelling fire line of insurance.  …

  The Florida Office of Insurance Regulation has scheduled a September 8, 2010 hearing to resume the rulemaking process on the following proposed new rules relating to the adoption of an Annual Report Card for authorized residential property insurers: 69M-236.001                                                             …

The following insurance-related Florida regulations are effective as specified below:   Notice /Adopted Section Description ID PublishDate Final69B-231.160 Aggravating/Mitigating Factors 8961653 Effective:08/12/2010 Final69B-231.110 Penalties for Violation of Other Specific Provisions of the Florida Insurance Code 8961556 Effective:08/12/2010 Final69B-231.030 Definitions 8961265 …

  The Florida Office of Insurance Regulation (“OIR”) held a public rate hearing on July 27, 2010 to review the rate increase requests of Castle Key Insurance Company and Castle Key Indemnity Company (“Castle Key”), which companies are requesting overall …

  As part of a federal investigation into the risks posed to senior citizens by continuing care retirement communities (“CCRCs”), Florida Insurance Commissioner Kevin McCarty testified in Washington, D.C. before the U.S. Senate Special Committee on Aging (“Committee”) today, July …

  Changes that were inadvertently omitted to the previously published version of proposed Rule 69O-137.002, entitled “Annual Audited Financial Reports,” were issued by the Florida Office of Insurance Regulation (“OIR”) today, July 21, 2010.  Rule 69O-137.002 is also known as …

  As published in a Notice of Change issued today, July 7, 2010, the Florida Office of Insurance Regulation (“OIR”) has made additional revisions to proposed Rule 69O-137.002 entitled “Model Audit Rule” in response to concerns expressed by the Florida …

  In a June 29, 2010 Final Order, the Florida Division of Administrative Hearings (“DOAH”) dismissed an April 16, 2010 petition by Ameriloss Public Adjusting Corporation (“Ameriloss”) in which it had sought a formal hearing to determine whether Rule 69B-220.201(5)(d), …

  Led by the Florida Office of Insurance Regulation and regulators from California, Iowa, Indiana and Texas, a multi-state effort has resulted in an agreement among 37 jurisdictions and Conseco Life Insurance Company (“Conseco”) to establish a $10 million fund …

  The Florida Office of Insurance Regulation (“OIR”) announced on June 24, 2010 that it has declined to rule on an Amended Petition for Declaratory Statement (“Amended Petition”) filed by Safety-Net Hospital Alternative Risk Pool, LLC (“Safety-Net”) on March 12, 2010, because it was …