Under orders issued by the Office of Insurance Regulation last year, property and casualty insurers may certify their product forms’ compliance with the insurance code as an alternative to submitting them to the OIR for prior review and approval. The OIR’s most recent order, issued in December 2012 and numbered 130176-12, covers both commercial and […]
The legislature altered Florida’s form and rate filing statutes in SB 468. Perhaps most significantly, the legislature specified that a forms certification process similar to the one currently in effect by OIR order will continue for commercial property and casualty insurance. However, personal lines and workers’ compensation are specifically carved out of the statutory change […]
The Florida Office of Insurance Regulation issued orders last year allowing property and casualty insurers to certify most products’ compliance with the insurance code rather than seeking prior approval of the forms. The orders are helpful to the Office of Insurance Regulation in reducing some of the workload associated with reviewing the filings. At the […]