News & Updates

Office of Insurance Regulation

Hearing to Address Proposed Penalty Rule Repeal

Hearing to Address Proposed Penalty Rule Repeal

A hearing will take place today on the Office of Insurance Regulation’s proposed repeal of administrative rule 69O-142.011, sometimes called the “penalty rule.”  The rule classifies many types of violations of the insurance codes into categories, ranging from the most severe to the relatively minor.  The rule then sets forth ranges of potential penalties based on […]

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Another Look at the Notice of Change in Policy Terms

Another Look at the Notice of Change in Policy Terms

The 2011 Florida Legislature established a new opportunity for insurers to inform policyholders of changes in their policies.  Case law in Florida previously suggested that insurers seeking to continue coverage with material changes in terms should nonrenew existing policies and offer replacement policies with the new terms.  This process could be confusing for policyholders, who […]

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