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Insurance

Office of Insurance Regulation to Revise Audit Rule

Office of Insurance Regulation to Revise Audit Rule

The Florida Office of Insurance Regulation has released draft changes to its audit rule.   The attached document shows substantial changes that the OIR is proposing to being its current rule into conformity with the Model Audit Rule.  The Office of Insurance Regulation held a workshop on October 21, 2009, to discuss the draft changes.  However, […]

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Public Adjuster Suits

Public Adjuster Suits

Two lawsuits have been filed seeking declarations that certain provisions of the public adjuster law are unconstitutional.  One suit was filed in Leon County on behalf of Fredrick W. Kortum, Jr. and one was brought in Miami-Dade County on behalf of three adjusting firms.  The lawsuits challenge subsection 626.854(6) and subparagraph 626.854(11)(b)(2), Florida Statutes.  The […]

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Congressional Proposal Would Create Federal Insurance Office

Congressional Proposal Would Create Federal Insurance Office

United States Representative Paul Kanjorski of Pennsylvania has released a discussion draft of a strike-all amendment to H.R. 2609 that would create the Federal Insurance Office (FIO) as an office in the United States Department of the Treasury.  Kanjorski’s amendment would be referred to as the Federal Insurance Office Act of 2009 and would set […]

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