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News & Updates
Financial Services Commission
New Financial Services Commission Takes the Reins
The new year marks a new beginning for Florida’s Financial Services Commission. Under Florida’s regulatory structure, the Governor and Cabinet make up the four-member Financial Services Commission. This collegial body has rulemaking authority for the Office of Insurance Regulation and Office of Financial Regulation. In addition, the Financial Services Commission is responsible for employing the […]
Senate Banking & Insurance Committee Contains Familiar Names
Senate President Mike Haridopolis has appointed members of the Senate to its various committees, including the Banking & Insurance committee. Senator Garrett Richter, R-Naples, continues to serve as chairmain of the committee and Senator Chris Smith, D-Fort Lauderdale, remains the vice chair. Other members of the committee include J.D. Alexander, R-Lake Wales, Mike Bennett , R-Bradenton, Ellyn Bogdanoff , […]
Insurer Report Card Rule on Hold
The insurer report card rule reportedly must go through the rulemaking process again if it is to move forward. The rule originally was scheduled to be presented for final adoption at a November Cabinet meeting, but it was deferred until the December 7 meeting. However, it was then withdrawn because the rulemaking process would have exceeding the […]
Cabinet Races Decided; Governor’s Race Close
At least three-fourths of the next Financial Services Commission is known, as the races for Chief Financial Officer, Attorney General and Commissioner of Agriculture went to the Republican candidates. The fourth member of the Financial Services Commission– the Governor, remains to be determined although Republican Rick Scott continues to lead the tight race by a […]
Future Composition of Financial Services Commission Still Unclear
With a little more than a month to go until the general election, the races to determine the future makeup of Florida’s Financial Services Commission appear they will go down to the wire. Under Florida’s unique regulatory structure, the Financial Services Commission consisting of the Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture, […]
Future Financial Services Commission Picture Taking Shape
With the primary races now behind us, the potential makeup of the Financial Services Commission for next year has become a little clearer. However, early guesses suggest that some of the general elections will be close and polls have had a tendency to shift this fall, so Floridians will continue to watch these races closely […]
Atwater, Ausley to Face Off for CFO Position
Republican Senator Jeff Atwater and Democrat Loranne Ausley did not have to await Tuesday’s primaries to know they would be facing off in the race to follow Alex Sink as Florida’s Chief Financial Officer. Although it initially appeared Atwater would have a primary opponent, Atwater’s formidable fundraising and campaigning long ago sealed his place as the […]
Insurer Report Card Rule Re-Proposed
The Financial Services Commission has republished notice of proposed rulemaking relating to an insurer report card rule. The current version of the rule was scheduled to be presented to the Financial Services Commission at its August 26, 2010 meeting. However, due to procedural requirements, the rule will not be presented to the FSC at that […]
Insurer Report Card Rule Slated for Financial Services Commission
Proposed administrative rules proving a grading system for an insurer report card are scheduled to be presented to the Financial Services Commission for adoption on August 26, 2010. The Office of the Insurance Consumer Advocate published the rules last year and held workshops and hearings to gather input from interested parties. Several insurer groups raised […]