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The House and Senate based a bill designed to more equitable handle insolvencies associated with long term care insurers. After passing both chambers without opposition, HB 673 goes to Governor Ron DeSantis for action. The bill largely follows the NAIC Model Act related funding long-term care insolvencies. In general, these insolvencies will be divided evenly […]
Florida Legislature, Insurance Regulation News, long-term care, genetic testing
The Florida Office of Insurance Regulation (Office) has scheduled two public hearings for today to discuss key long-term care rate filings that are pending before the Office. The filings relate to proposed rate increases submitted by Metropolitan Life Insurance Company (“Metlife”) and Unum Life Insurance Company of America (“Unum”). The Office has elected to host the public […]
The House Insurance Committee is scheduled to hear several insurance bills in a meeting today: HB 53 would apportion part of the Florida Hurricane Catastrophe Fund’s investment income to the Florida Catastrophic Storm Risk Management Center associated with Florida State University. HB 119 would amend the definition of assets at Section 625.012, Florida Statutes, to […]
Senate bill 1386 proposed for the 2012 legislative session would adopt the Interstate Insurance Product Regulation Compact in Florida and improve the efficiency of bringing certain products to market in this state. The bill recognizes that the marketplace for lif insurance, annuities, disability income insurance and long-term care insurance have changed over the years warranting […]
