New NAIC Rule Would Allow Rebating
Insurance Regulation News, NAIC, unfair trade practices act, rebating
News & Updates
NAIC
Commissioner Altmaier Named NAIC President-Elect
Florida Insurance Commissioner David Altmaier has been named President-Elect of the National Association of Insurance Commissioners (NAIC), effective January 1, 2020. Commissioner Altmaier has been Vice President of the NAIC during 2019. “I am honored to have been chosen as President-Elect of the NAIC. This year, we have made significant progress on many key issues. […]
Altmaier Elected NAIC Vice President
Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]
Regulators May Form a Multi-State LTCI Rate Review System
Insurance Regulation News, NAIC, David Altmaier, long term care insurance
OIR Offers Hearings on Reporting Requirements
The Florida Office of Insurance Regulation has published notice of a public hearing relating to its adoption of the 2015 and 2016 NAIC Financial Condition Examiners Handbooks. Additionally, the Office of Insurance Regulation plans to hold a public hearing relating to its adoption of the current version of the NAIC quarterly and annual statement instructions […]
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 […]
McCarty Receives Lifetime Achievement Award
Florida Insurance Commissioner Kevin McCarty received the Lifetime Achievement Award from the Florida Association for Insurance Reform (FAIR) at its 2015 awards banquet. FAIR is a non-profit association that works to educate consumers and industry stakeholders about the effects of insurance public policy considerations. FAIR attempts to encourage dialogue among consumers, insurers, public adjusters, the trial […]
OIR Seeks to Amend Holding Company Regulations
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 […]
OIR Highlights Economic Impact of Insurance Industry
Insurance Commissioner Kevin McCarty appeared before the Governor and Cabinet last week to discuss potential standards under which the Office of Insurance Regulation can be objectively reviewed. The Governor and Cabinet have indicated that they want to hear from the agencies they oversee, including the Office of Insurance Regulation, regarding appropriate measurements for their agencies. […]
An Experienced Leader Returns
Rich Robleto has agreed to return to OIR as Life and Health Deputy Commissioner. The OIR announced his return in a release dated March 12, 2014. He will officially begin the job on March 24. The announcement quoted Insurance Commissioner Kevin McCarty stating: “Rich Robleto is a seasoned professional with more than 30 years of […]