Regulators review workers’ comp rate hike request
NCCI, workers' compensation, Office of Insurance Regulation, Kevin McCarty, Insurance Regulation
News & Updates
workers’ compensation
OIR Receives Annual NCCI Filing
The Florida Office of Insurance Regulation (OIR) announced that it has received the annual workers’ compensation rate filing submitted by the National Council on Compensation Insurance (NCCI). The rate filing provides for an overall 1% increase in workers’ compensation rates. The effective date of the filing is January 1, 2014. As in prior years, the […]
Personal Lines Forms Certification Available Through December 31
The Florida Office of Insurance Regulation has issued a new administrative order extending the opportunity to certify personal lines property and casualty insurance forms through December 31, 2013. The OIR previously issued orders allowing insurers to certify both commercial lines and personal lines forms, except for workers’ compensation forms. A newly enacted statute (section 627.4102) takes effect for […]
Personal Lines Forms Certifications Face Uncertain Future
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 […]
Statute Allowing Commercial P&C Forms Certifications Takes Effect July 1
The Florida legislature in Senate Bill 468 created a new section 627.4102, Florida Statutes, relating to the informational filing of property and casualty product forms. The bill was approved by Governor Scott and became Chapter Law 2013-66. The new statute takes effect July 1, 2013. It allows insurers to certify the compliance of their property […]
NCCI Prepares Filing to Implement Legislation
The National Council on Compensation Insurance (NCCI) has announced that it intends to submit a rate filing to the Florida Office of Insurance Regulation (OIR) in early June to reflect the rate reduction associated with SB 662. The bill has not yet been acted upon by Governor Scott. If it becomes law, the effective date […]
Legislature Revises Forms Certifications and Rate Exemptions
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 […]
Drug repackaging, database bills clear House panel
drug repackaging, Insurance Regulation News, workers' compensation, Florida Legislature, Health Care
Florida Judge: 104-Week Limit on Temporary Disability Benefits Unconstitutional
workers' compensation, Florida First DCA, Insurance Regulation News
2013 Session Outlook: Insurance
Citizens Property Insurance Corporation, property insurance, Insurance Regulation News, PIP, auto insurance, workers' compensation, Florida Legislature, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Health Care