The Florida legislature passed this year’s omnibus insurance bill on the final day of the session. The bill (HB 465) covers a range of topics relating to various aspects of the insurance industry. Many auto insurers will appreciate that provisions referring to delivery of cancellation notices have been updated to allow Intelligent Mail bar codes […]
Governor Scott has signed SB 1422 into law, meaning that Florida has adopted the Own-Risk and Solvency Assessment (“ORSA”) reporting requirement. SB 1422 is now known as Chapter Law 2016-206. A companion bill, SB 1416 (now known as Chapter Law 2016-205), provides for the confidentiality of information contained in the ORSA reports. An Own-Risk and […]