Category: Insurance Regulatory News

To view a complete story, click on a headline below: State-backed insurer seeks new space in Florida Sen. J.D. Alexander has written the chairman of the state-backed property and casualty insurer, Citizens, wanting answers about a proposed move into office …

On Tuesday, September 23, 2008, the Florida Office of Insurance Regulation (“OIR”) held a public hearing in Tallahassee regarding proposed Rule 69O-170.0144: Public Hurricane Loss Projection Model (“Public Model”) – Fee Schedule. The proposed Rule would implement 2008 legislation providing …

> Florida Office of Insurance Regulation Rule Development Workshop The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule regarding Rule 69O-170.0144: Public Hurricane Loss Projection Model Fee Schedule. The proposed Rule would …

On Tuesday, September 22, 2008, the Florida Office of Insurance Regulation (“OIR”) had scheduled a Rule Development Workshop on proposed Rule 69O-197.006 relating to the Insurance Administrator Annual Report Form.  The proposed Rule would adopt the annual report forms that insurance administrators …

Recently, the National Association of Insurance Commissioners (“NAIC”) Casualty Actuarial and Statistical Task Force Statistical Issues Group (“Group”) met to discuss the Guideline for Implementation of Medical Professional Liability Closed Claim Reporting (“Guideline”) and offer recommendations on the ongoing collection …

The National Association of Insurance Commissioners (“NAIC”) recently held a Catastrophe Modeling Subgroup of the Casualty Actuarial and Statistical Task Force (“Subgroup”) meeting to review progress on the use of catastrophe models in ratemaking assignments. This meeting was held in …

The following insurance-related administrative actions were posted on Friday, September 19, 2008. Final Life/Health Insurance Rules: 69O-149.003: Rate Filing Procedures 69O-149.005: Reasonableness of Benefits in Relation to Premiums 69O-149.006: Actuarial Memorandum 69O-149.0025: Definitions Final Property/Casualty Insurance Rules: REPEAL: 69P-2.002: Adoption …

> Florida Office of Insurance Regulation Rule Development Workshop The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Development of Rulemaking regarding Rule 69O-197.006: Insurance Administrator Annual Report. The purpose of this proposed Rule …

> NAIC The National Association of Insurance Commissioners will hold its 2008 National Fall Meeting from Monday, September 22 through Wednesday, September 24 at the Gaylord National Hotel & Convention Center, 201 Waterfront Street, National Harbor, Maryland. Some meetings will …

On Thursday, September 18, 2008, the Developmental Disabilities Compact Workgroup and the Developmental Disabilities Compact Consumer Advisory Workgroup jointly held their first meeting met in Tallahassee for the purpose of developing a Compact pursuant to Senate Bill 2654 (SB 2654), …