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The Florida Office of Insurance Regulation (OIR) announced this week that filings of the National Council on Compensation Insurance (NCCI) are now available through the OIR’s I-File system. This includes prior filings dating back to the 2001 implementation of the electronic filing system. NCCI wrote to the OIR acknowledging that both the OIR and NCCI […]
Kevin McCarty, Insurance Regulation News, Florida Office of Insurance Regulation, Florida Insurance Commissioner, David Altmaier
hurricane season, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, Florida Insurance Commissioner
Kevin McCarty, Insurance Regulation News, Life Insurance, unclaimed property, Florida Office of Insurance Regulation
Kevin McCarty, reinsurance, Insurance Regulation News, Florida Office of Insurance Regulation, FAIR
Citizens Property Insurance Corporation recently received approval of its 2016 rates, which will go into effect February 1, 2016. The rates as approved by the Florida Office of Insurance Regulation are similar in the aggregate to those filed by Citizens, although the OIR made some adjustments in approving the final rates. The statewide average rate […]
The Florida Office of Insurance Regulation held a workshop at its office in Tallahassee to discuss potential amendments to key administrative rules governing insurance holding company systems and transactions between insurers and their affiliates. The workshop is the first step in the administrative rule making process, which ultimately leads to formal revisions to regulations governing […]
The Florida Department of Financial Services has issued guidance to agents regarding unlawful or unauthorized charges. The department advises that it has received an increasing number of inquiries from Florida agents asking if they can charge fees for services ancillary to placing insurance, such as issuing certificates of coverage. The department responds that charging these types […]
The Florida Office of Insurance Regulation has issued Informational Memorandum OIR-15-04M relating to “Use of Price Optimization in Premium Determination.” The memorandum concludes that insurers using so-called price optimization should submit filings to eliminate the use of those criteria, and going forward insurers should not use price optimization in their rate filings. The OIR notes […]
As 2014 comes to a close, several of the issues that commanded considerable attention during the year reached their resolution and set the framework for 2015 ahead. When we all return from the holidays, the legislative committee weeks will be upon us and the 2015 legislative session will begin before we know it. However, before […]
