Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Questions regarding the permissible fees that a Florida agent may charge are among the most common we see. Likewise, the Florida Department of Financial Services frequently receives questions from agents about the fees they may charge. DFS recently published the following summary of fees that may be lawfully charged by a general lines agent: MVR […]
The Office of Insurance Regulation has followed up on a 2014 rule development workshop by now proposing two rules related to credit for reinsurance. Proposed rule 69O-144.005 “Credit for Reinsurance” and proposed rule 69O-144.007 “Credit for Reinsurance from Certified Reinsurers” will provide guidance to reinsurers seeking to maintain reduced collateral and to domestic ceding insurers. […]
If requested by interested parties, the Florida Office of Insurance Regulation (OIR) will hold a workshop to discuss a proposed rule relating to life and health reinsurance collateral requirements. The Office of Insurance Regulation may allow ceding insurers to take credit for reinsurance with unauthorized reinsurers that do not fully collateralize their programs as long […]
