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NAIC model act

Legislature Develops Solution for Long Term Care Insolvencies

Legislature Develops Solution for Long Term Care Insolvencies

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 […]

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OIR Seeks Amendments to Holding Company Rules

OIR Seeks Amendments to Holding Company Rules

The Office of Insurance Regulation held a second workshop on a series of proposed changes to rules governing insurance holding company systems, transactions with affiliates, and insurance company acquisitions.  The requirements are set forth in administrative rules 69O-143.046, 69O-143.047, and 69O-143.056.  Most of the provisions in these rules have been on the books for many […]

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