News & Updates

renewal notice

OIR Initiates Premium Tax Discount Rulemaking

OIR Initiates Premium Tax Discount Rulemaking

The Florida Office of Insurance Regulation (OIR) has published draft rule 69O-170.013 implementing the premium tax discount requirement adopted in the 2024 legislative session. The draft rule is substantially similar to emergency rule 69OER24-1 previously adopted by OIR. The Florida legislature granted emergency rulemaking authority to both OIR and the Department of Revenue to administer […]

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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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