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The Florida Office of Insurance Regulation (OIR) has taken the next step toward adopting administrative rules implementing recent legislation. The Financial Services Commission (FSC) recently authorized the OIR to formally publish drafts of the rules as proposed rules. The FSC consists of Florida’s Governor, Chief Financial Officer and Attorney General. These elected officials comprise a […]
The Florida Legislature increased regulatory oversight over the insurance industry in its insurer accountability bill (SB 7052) as summarized separately in this report. The law changes will require the Office of Insurance Regulation to adopt a series of administrative rules. In several cases, the rulemaking process should result in rule workshops this summer as the […]
Florida’s administrative rule providing guidelines for insurer penalties might go by the wayside under a proposal by the Office of Insurance Regulation. The agenda for today’s Cabinet meeting indicates that the OIR will seek authority to repeal the existing rule, 69O-142.011. The rule has been in effect since November 6, 1994. The repeal of this […]
Governor Rick Scott has signed HB 7055 into law restoring the Governor’s ability to directing rulemaking at agencies under his control. The legislature passed the bill this year in response to the Florida Supreme Court’s decision in Whiley v. Scott. That case arose from the Governor’s first official act when he took office, which was […]
