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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 […]
The Office of Insurance Regulation has decided to move forward with repealing the so-called “penalty rule” (69O-142.011 “Insurer Conduct Penalty Guidelines”) despite uniform support among industry representatives for keeping the rule, with appropriate revisions. The existing rule categories many types of violations of the insurance code, informing the public and the insurance industry about the […]
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 […]
