Florida Office of Insurance Regulation Issues Order Amending Previous Citizens Takeout Orders
Apr 6, 2010
On April 1, 2010, the Florida Office of Insurance Regulation (“OIR”) issued an Order amending certain previously issued Consent Orders with respect to insurers’ obligations when assuming policies from Citizens Property Insurance Corporation (“Citizens”). Specifically, all Consent Orders relating to Citizens takeouts issued by the OIR between March 1, 2007 and March 1, 2010 are amended to delete the language that requires an insurer to renew policies assumed from Citizens for a period of three consecutive years.
A copy of the April 1 Order is attached for review.
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