Category: Insurance Regulatory News
May 27, 2009
The National Association of Insurance Commissioners (“NAIC”) Life Risk-Based Capital Working Group will meet via teleconference on Wednesday, May 27, 2009, 1:00 p.m. (EST). To view the agenda and meeting materials, click here. Items to be discussed include: The year-end …
May 26, 2009
As part of the Florida Cabinet meeting agenda on Wednesday, May 27, the Florida State Board of Administration will present the following Florida Hurricane Catastrophe Fund (“FHCF”) agenda items for approval: A request for approval of, and authority to file, Rule …
May 26, 2009
The National Association of Insurance Commissioners (“NAIC”) Suitability of Annuity Sales Working Group issued an updated discussion draft on proposed revisions to the Suitability in Annuity Transactions Model Regulation. This discussion draft, which is attached, reflects changes made by the …
May 26, 2009
To view a complete story, click on a headline below: Crist seeks federal disaster declaration Gov. Charlie Crist is asking that a federal disaster be declared after heavy rains flooded central and northeast Florida. Memorandum: Governor’s Letter To President …
May 26, 2009
Today, May 26, 2009, the Florida Office of Insurance Regulation (“OIR”) held a workshop on proposed Rule 690-142.015, entitled Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters. OIR Assistant General Counsel Steve Fredrickson presided over the workshop. As …
May 26, 2009
The National Association of Insurance Commissioners (“NAIC”) Annuity Disclosure Working Group meeting scheduled for Thursday, May 28, has been canceled. Information on rescheduled meetings will be distributed as it becomes available. Should you have any questions or comments, please …
May 22, 2009
Florida Governor Charlie Crist declared a State of Emergency today, May 22, due to severe storms and flooding in the State counties of Brevard, Clay, Duval, Flagler, Lake, Nassau, Orange, Putnam, Seminole, St. Johns and Volusia. The Governor’s Executive Order …
May 22, 2009
As you are aware, Demotech Inc. has been in the process of revising or confirming its Financial Stability Ratings for its rated Florida companies based on issues related to the liquidity of the Florida Hurricane Catastrophe Fund. Should you receive …
May 22, 2009
To view a complete story, click on a headline below: New federal legislation would give South Florida homeowners an insurance break Policy holders would get relief, have more options South Florida homeowners could get a break from soaring property …
May 22, 2009
The National Association of Insurance Commissioners (“NAIC”) Suitability of Annuity Sales Working Group issued discussion drafts on annuity insurance producer training and suitability information exceptions, and requests comment by Monday, June 8. The discussion drafts, which are attached, reference the …