The Florida Department of Services (DFS) conducted a workshop on Friday to receive comments to its proposed revisions to Rule Chapter 69B-231. These rules set forth penalty guidelines for various misconduct by agents, adjusters and other licensees. In instances where DFS has discretionary authority to suspend a licensee’s license, the rule identifies the suspension periods […]
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 […]
America’s Health Insurance Plans (AHIP) has requested a hearing 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 […]
Florida’s administrative rule providing guidelines for insurer penalties might go by the wayside under a proposal by the Office of Insurance Regulation. The agenda for today’s Cabinet meeting indicates that the OIR will seek authority to repeal the existing rule, 69O-142.011. The rule has been in effect since November 6, 1994. The repeal of this […]