The Florida Department of Revenue (“DOR”), Miscellaneous Tax Division has issued a Notice of Proposed Rule regarding the following Rule: 12B-8.001: Premium Tax; Rate and Computation The purpose of the proposed Rule amendments is to: Update the Rule provisions to …

The Citizens Property Insurance Corporation’s (“Citizens”) Market Accountability Advisory Committee (“Committee”) met on June 25, 2009.  To view the complete meeting agenda, click here.   General Information Citizens’ Senior Vice President of Underwriting Paul Palumbo gave a report on Key …

WASHINGTON – U.S. Senators Mel Martinez (R-FL) and Bill Nelson (D-FL) this week reintroduced two efforts to ensure Floridians and other Americans are protected during hurricanes and other natural disasters. One effort provides a tax credit to homeowners who take …

To view a complete story, click on a headline below: Special session on property insurance issues? Legislature to consider request by Jacksonville lawmaker Rep. Lake Ray, R-Jacksonville, has asked House Speaker Larry Cretul to consider calling a special session to …

The Quality Parts Coalition (“QPC”) announced that on Thursday, June 25, 2009, House Bill 3059, known as the “Access to Repair Parts Act,” was introduced in the United States House of Representatives by U.S. Representative Zoe Lofgren (D-California) while U.S. …

The Florida Workers’ Compensation Joint Underwriters Association (“FWCJUA”) Investment Committee (“Committee”) met via teleconference on Friday, June 26, 2009. The Committee reviewed currently authorized exceptions to the FWCJUA Investment Policy, which were most recently reconfirmed by the FWCJUA Board of …

The U.S. House Financial Services Oversight and Investigations Subcommittee will hold a field hearing next week in West Palm Beach, Florida, entitled “The Homeowners’ Insurance Crisis:  Solutions for Homeowners, Communities and Taxpayers.”  The hearing, in which U.S. Representative Ron Klein …

The National Association of Insurance Commissioners (“NAIC”) Life Insurance and Annuities Committee will meet with the Principles-Based Reserving Working Group and Solvency Modernization Initiative Task Force via teleconference on Tuesday, July 28, at 2:00 p.m. (EST).  The registration call-in number …

The National Association of Insurance Commissioners (“NAIC”) held its Summer 2009 National Meeting from June 13-16, 2009, in Minneapolis.  Action items on major issues discussed during the meeting are highlighted in the committee summaries below, along with hyperlinks to complete …