Florida Office of Insurance Regulation Reminds Insurers That Eligible Crime Victims Are Exempt from Policy Deductibles, Copayments
Apr 16, 2014
A recent Informational Memorandum (OIR-14-O1M) from the Florida Office of Insurance Regulation reminded property and casualty, as well as health insurers, that deductible or copayment provisions of any insurance policy are not applicable to a person determined to be eligible for exemption from them as a crime victim pursuant to the Florida Crimes Compensation Act.
The April 8, 2014 Memorandum was issued in response to a request by the Florida Attorney General’s Bureau of Victim Compensation (“BVC”) to inform insurers that the determination of what constitutes an eligible crime victim is ” . . . wholly made at the sole discretion of the BVC . . .”
The insurance waiver provision in the Florida Crimes Compensation Act was enacted in 1994.
To read the complete Memorandum, as well as the BVC’s request letter, click here.
Should you have any questions or comments, please contact Colodny Fass& Webb.
Click here to follow Colodny Fass& Webb on Twitter (@CFTLAWcom)
To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com.