Category: Insurance Regulatory News

Capitol to Courthouse Florida Insurance Report: Friday, May 20

May 20, 2011

  To go directly to the section of your choice, click on a hyperlink below.   Other hyperlinks to meeting information, bills and news are noted in bold type. Daily Florida Insurance-Related Events Daily Insurance-Related News      Daily Florida Insurance-Related …

Florida Office of Insurance Regulation Questions Met Life, Nationwide On Life Insurance Claim Settlement Practices, Social Security Administration Death Master File Usage and Unclaimed Property Compliance

May 19, 2011

  The Florida Office of Insurance Regulation (“OIR”), in conjunction with the National Association of Insurance Commissioners (“NAIC”), held a public hearing today, May 19, 2011, on life insurance claim settlement practices, insurers’ use of the Social Security Administration’s Death …

Utah Informational Insurance Regulatory Bulletins: Premium Finance Agreement Default, Allowable Surrender Charge Schedules for Individual Deferred Annuities, Producers Authorized to Sell on the Utah Health Insurance Exchange

May 19, 2011

    The Utah Insurance Department has posted the following informational bulletins as of May 19, 2011: 2011-1:  Premium Finance Agreement Default Clarifies that, at the default of a premium finance agreement, a premium finance company may only obtain an …

In Advance of May 19 Life Insurance Claim Settlement Practices Hearing, Florida Office of Insurance Regulation Announces Multi-Million Dollar Settlement With John Hancock as ‘First in the Nation’

May 18, 2011

  In advance of a public hearing scheduled in cooperation with National Association of Insurance Commissioners tomorrow, May 19, 2011, the Florida Office of Insurance Regulation (“OIR”) announced today that it had reached a multi-million-dollar settlement agreement with John Hancock …

Insurers get OK to raise property rates

May 18, 2011

The following article was published in the Daytona Beach News Journal on May 18, 2011: Insurers get OK to raise property rates By Tom Knox  Gov. Rick Scott signed a property insurance bill into law Tuesday that will allow insurers …