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 […]
If requested by interested parties, the Florida Office of Insurance Regulation (OIR) will hold a workshop to discuss a proposed rule relating to life and health reinsurance collateral requirements. The Office of Insurance Regulation may allow ceding insurers to take credit for reinsurance with unauthorized reinsurers that do not fully collateralize their programs as long […]