Category: Florida Office of Insurance Regulation

On Thursday, June 26, 2008, the Florida Office of Insurance Regulation (“OIR”) held a public hearing on repealing the following Rule: 69N-121.066: Informal Conferences  To view the meeting notice and complete text of the Rule, click here. OIR Assistant General …

On Wednesday, June 25, 2008, the Florida Office of Insurance Regulation (“OIR”) held a public hearing on the following Proposed Rules relating to health rate filing standards: 69O-149.0025: Definitions 69O-149.005: Reasonableness of Benefits in Relation to Premiums 69O-149.006: Actuarial Memorandum  …

On Tuesday, June 24, 2008, the Florida Office of Insurance Regulation (“OIR”) scheduled a Rule Hearing on Rules 69P-2.001, and .002 relating to the Commercial Property Joint Underwriters Association.  To view the meeting notice and proposed Rules, click here.  Section …

Florida Insurance Commissioner Kevin McCarty issued the statement below regarding the Florida Supreme Court Order declining jurisdiction in the Allstate matter.  To view the Order and related Court documents, click on the following hyperlinks: Filed_05-14-2008_Order.pdf Filed_05-16-2008_OIR_Notice.pdf Filed_05-19-2008_Jurisdiction_Initial_Brief.pdf Filed_05-20-2008_High_Profile_Order.pdf Filed_05-22-2008_Answer_Brief.pdf Filed_06-18-2008_Order_Dismissing.pdf Should you …

On May 22 and 23, the Florida Office of Insurance Regulation (“OIR”) held its annual Florida Filing and Compliance Symposium in Orlando, Florida. Among other Florida-specific regulatory presentations, Sessions held during the Symposium reviewed recent Florida legislation and provided information …

The Florida State Board of Administration (“SBA”) has issued a Notice of Development of Rulemaking for Rule 19-15.001: Insurance Capital Build-Up Incentive Program (“Program”) During the 2008 Legislative Session, the Florida Legislature made changes to the Program, Section 215.5595, F.S. …

Florida Insurance Commissioner Kevin McCarty today, Monday, June 2, 2008, affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation and The Hartford Companies (“Hartford”). The commissioner’s Final Order officially disapproves …

The Florida Office of Insurance Regulation (“OIR”) has issued notices of intent to repeal the following:   69N-121.066 Informal Conferences Through issuance of a Notice of Proposed Rulemaking, the OIR has proposed repeal of Rule 69N-121.066 Informal Conferences. The existing …

Florida Attorney General Bill McCollum, Chief Financial Officer Alex Sink and Insurance Commissioner Kevin McCarty today, May 23, 2008, have issued a joint announcement that Florida has reached a settlement with Aon Corp., a large insurance broker that received undisclosed …

The Florida Office of Insurance Regulation has issued the press release below regarding its approval of plans from six insurance companies to remove another 100,000 policies from Citizens Property Insurance Company in June, 2008. Should you have any questions or …