Category: Florida Office of Insurance Regulation
May 13, 2009
Update: The proposed Rule draft of 69O-142.015: Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters is attached for your review, in addition to the referenced form OIR-DO-1681. The Florida Department of Financial Services, Office of Insurance Regulation …
May 12, 2009
After reviewing revisions to National Association of Insurance Commissioners model regulations, the Florida Office of Insurance Regulation (“OIR”) is recommending changes to reserve rules in the Florida Administrative Code. The proposed change adds Rule 69O-164.040: Determining Reserve Liabilities for Preneed …
Apr 30, 2009
Florida Deputy Insurance Commissioner for Life and Health Mary Beth Senkewicz testified on Wednesday, April 29, in Washington, D.C., before the United States Senate Special Committee on Aging on the issue of life settlements in the insurance industry. To see …
Apr 16, 2009
An April 15, 2009 blog posting from the South Florida Sun-Sentinel regarding the State Farm Florida market withdrawal issue is reprinted below. Should you have any questions or comments, please contact Colodny Fass. State Farm fights Florida’s conditions for it …
Apr 8, 2009
On April 1, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-186.003,.005 F.A.C. pertaining to Junior Loan Rates for Title Insurance. To view the meeting notice, click here. The Workshop was held …
Apr 8, 2009
The Florida Office of Insurance Regulation (“OIR”) has received $446,000 as Florida’s share of a multistate $2.3 million settlement agreement with Conseco Senior Health Insurance Company and Bankers Life and Casualty Insurance Company over alleged inappropriate long-term care business practices. …
Apr 6, 2009
An Order issued today, April 6, 2009, by United States District Court Judge Stephan P. Mickle in Tallahassee, rules that because Coventry First LLC is a licensed Florida viatical settlement provider, it is subject to Florida law as it relates …
Apr 3, 2009
On Tuesday, March 31, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-189.003, F.A.C., relating to Application and Audit Procedures for Workers’ Compensation Insurance. The proposed Rule will specify those audit …
Mar 31, 2009
On Thursday, March 26, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-149.150, F.A.C., pertaining to Dependent Coverage for health insurance. Although no Rule yet has been drafted, the purpose of the …
Mar 25, 2009
In a March 24, 2009 letter to State Farm Florida, the Florida Office of Insurance Regulation (“OIR”) has denied the insurer’s March 6 petition for an administrative hearing because it “fails to set forth with sufficient particularity ‘all disputed issues …