Category: Florida Office of Insurance Regulation
May 30, 2017
The Florida Office of Insurance Regulation has scheduled a June 6, 2017 proposed Rule hearing on regulations contained in Chapter 690-136, F.A.C. entitled “Application Procedures for Companies Seeking to Do Business in Florida.” A new Rule, 69O-136.005 relating to …
May 24, 2017
Florida Insurance Commissioner David Altmaier gave a presentation on Group Capital Calculation as part of the National Association of Insurance Commissioners (“NAIC”) Insurance Summit agenda on Monday, May 22, 2017. Commissioner Altmaier discussed the progress of the NAIC’s Group …
May 23, 2017
The Florida Office of Insurance Regulation (“OIR”) is seeking to revise most Rules under Chapter 69O-136 F.A.C. entitled “Application Procedures for Companies Seeking to Do Business in Florida.” The revisions include the addition of a new Rule–proposed 69O-136.004 F.A.C. …
May 23, 2017
The recently amended version of Rule 69O-144.007, entitled “Credit for Reinsurance From Certified Reinsurers,” will be on the agenda for final adoption at the scheduled June 14, 2017 Florida Cabinet meeting. The Rule has been revised to reflect what …
Apr 5, 2017
The Florida Office of Insurance Regulation announced today, April 5, 2017, that it has launched an Assignment of Benefits (“AOB”) resource Web page containing information to educate Florida’s consumers about changes needed to discourage fraudulent AOB activity. The new …
First District Court of Appeal Sides With State Farm Florida Over Regulators in Trade Secret Dispute
Mar 20, 2017
Florida’s First District Court of Appeal has sided with State Farm Florida in its dispute with the Florida Office of Insurance Regulation over whether policy information submitted to state regulators is a “trade secret” and should be shielded from …
Mar 3, 2017
The Florida Office of Insurance Regulation (“OIR”) has advised it will be updating two Rules relating to insurance accounting procedures. If a Rule Development Workshop is requested for either Rule, it will be scheduled for March 8, 2017 at …
Mar 3, 2017
A number of insurance regulations were proposed for revision last week as the Florida Office of Insurance Regulation proceeds to update them to reflect an electronic filing process. A two-day Rule Development Workshop on the Rules has been scheduled …
Feb 7, 2017
Florida Insurance Commissioner David Altmaier updated the Florida Cabinet on the topic of assignment of benefits this morning, February 7, 2017, noting there has been a significant reduction in underwriting gains and Florida domestic insurer net income in 2016. …
Feb 3, 2017
Florida NFIP Policyholders Have 60 More Days to File A Proof of Loss Associated with Hurricane Matthew Claims; Proof of Loss Extension Associated with Hurricane Hermine Claims Has Expired The Florida Office of Insurance Regulation (“OIR”) advised today, February …