Category: Florida Office of Insurance Regulation

  Above:  Colodny Fass’ Claude Mueller Notes Additional Changes to Proposed Florida Reinsurance Collateral Rules   Substantive changes have been posted for proposed Rules relating to reinsurance collateral in advance of a June 23, 2015 final public hearing on their …

Above:  Colodny Fass’ Donovan Brown Notes Florida Regulatory Guidance on HMO Financial Solvency Reporting Requirements   Issued May 15, 2015 by the Florida Office of Insurance Regulation (“OIR”), Informational Memorandum OIR-15-05M provides guidance on financial solvency reporting requirements to all …

  Insurers’ use of price optimization to determine premiums can result in rates that are unfairly discriminatory–a violation of Sections 627.062 and 627.0651–Florida Insurance Commissioner Kevin McCarty explained to authorized Florida property and casualty insurers in Informational Memorandum OIR-15-04M issued …

  Pursuant to Rule 69O-170.003, Florida Administrative Code, the Florida Office of Insurance Regulation annually establishes underwriting profit and contingency factors that may be used in rate filings. In Informational Memorandum OIR-15-03M issued today, April 27, 2015, the OIR published …

  To facilitate the electronic filing process for Florida residential property insurers, while keeping a high level of transparency for the consumer, the Florida Office of Insurance Regulation (“OIR”) has revised its Quarterly Supplemental Reports (“QUASR”) system. Detailed information on …

  In a news release issued by the Florida Office of Insurance Regulation (“OIR”) today, April 1, 2015, Florida Insurance Commissioner Kevin McCarty reminded Floridians they “have a choice” in purchasing flood coverage, inasmuch as National Flood Insurance Program (“NFIP”) …

  In Bulletin OIR-15-01M dated February 3, 2015 (but published today, February 6), the Florida Office of Insurance Regulation (“OIR”) reminded Florida insurers to refrain from engaging in practices that violate Florida’s Unfair Insurance Trade Practices Act and its prohibition …

  The Florida Office of Insurance Regulation (“OIR”) advised on February 2, 2015 that rulemaking is necessary to address an invalid portion of Rule 69O-166.031, F.A.C., “Mediation of Property Insurance Claims.” The invalidation resulted from the ruling in State Farm …

Above:  G. Donovan Brown of Colodny Fass notes Florida reinsurance collateral rulemaking comment deadline   Please note the correct return email address of DBrown@ColodnyFass.com Comments are currently being accepted by the Florida Office of Insurance Regulation (“OIR”) until February 10, …

  Comments are currently being accepted by the Florida Office of Insurance Regulation (“OIR”) until February 10, 2015 on proposed Rules that would conform the State of Florida to the National Association of Insurance Commissioners’ (“NAICs’”) Credit for Reinsurance Model …