Category: Florida Office of Insurance Regulation
May 29, 2007
The Florida Office of Insurance Regulation (OIR) released its most recent draft of the Uniform Mitigation Verification Inspection Form (OIR-B1-1802).  This updated version is enclosed for your review. Although similar to its former version, this new draft states that mitigation …
May 23, 2007
 On May 23, 2007, a second Public Hearing was held by the Office of Insurance Regulation (“OIR”) for Rule 690-149.002 regarding Filing of Forms and Rates for Life/Health Insurance. The purpose of the Hearing was to make a technical …
May 23, 2007
On Tuesday, May 22, 2007, the Office of Insurance Regulation (OIR) held a Public Hearing on Proposed Rule 690-170.0155 entitled “Forms.” The Proposed Rule would create Form OIR-B1-1802, “Uniform Mitigation Verification Inspection Form” and amend Form OIR-B1-1655, “Notice of Premium …
May 21, 2007
On May 18, 2007, the Florida Office of Insurance Regulation (OIR) had a scheduled a Rule Hearing on 690-157 Part III regarding Long-Term Care Partnership Program Policies. However, the Hearing was not held because one was not requested. The Proposed …
May 15, 2007
At the Florida Cabinet Meeting on Tuesday, May 15, 2007, the Financial Services Commission (“Commission”) took action on five insurance-related matters. Below is a brief summary of these items and subsequent pertinent discussions. The first item considered was the adoption …
May 13, 2007
The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) held meetings in Tallahassee, Florida on May 8th and 9th, 2007 for the purpose of reviewing models for acceptability. Public Commission hearings originally scheduled for May 10 and 11 were canceled due …
May 13, 2007
The Florida Office of Insurance Regulation this week issued the results of a study on “Evaluation and Report on the Insurability of Attached and Free Standing Structures.” This study was commissioned by the 2006 Florida Legislature following extensive damage of exterior …
May 10, 2007
Today, Coventry First LLC was issued a Notice and Order to Show Cause from the Florida Office of Insurance Regulation alleging violations of Florida Insurance Code and for “engaging in fraudulent or dishonest practices.” Below is the press release issued today …
May 9, 2007
The Florida Office of Insurance Regulation today issued the following press release announcing potential homeowners insurance savings of up to 60 percent with the now-optional exclusion of sinkhole coverage on Citizens’ policies. Should you have any questions or comments, please do …
May 4, 2007