Capitol to Courthouse Florida Insurance Report–Thursday, June 19
Jun 19, 2014
To go directly to the section of your choice, click on a hyperlink below. Other hyperlinks to meeting information, bills and news are noted in bold type.
9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing. Tallahassee, Florida.
- A repeal of Rules 69O-123.001, “Purpose” and 69O-123.002, “Procedure,” relating to the filing of civil remedy notices is proposed because the Florida Department of Financial Services (“DFS”) administers the applicable statutory requirements by Rule 69J-123.002. F.A.C. The OIR does not enforce the provisions of the filing requirements, therefore the Rules are deemed as unnecessary. To view the Notice of Proposed Rule, click here.
- A repeal of Rule Chapter 69O-228 relating to continuing education requirements of insurance representatives is proposed, inasmuch as the OIR does not exercise authority over insurance representatives. Rather, this is the role of the DFS.
- Consideration of proposed amendments to Rule 69O-148.001, which addresses requirements for insurance policies that fund annuities and preneed contracts. Currently, the Rule caps the maximum face amount at $7,500 and the statute caps it at $12,500. The proposed Rule would remove the dollar amount cap and refer instead to the statute, thereby conforming the Rule with current law.
Collected to help pay claims from the 2004 and 2005 hurricane seasons, an extra charge on homeowners- and auto-insurance policies will be removed 18 months earlier than previously expected, FlaglerLive.com reports.
Property owners in Gainesville should expect to see a reduction in their fire insurance bill in September, Jacqueline Adadi writes for the Florida Independent Alligator.
Key Biscayne’s mayor and police chief pleaded for the help of the Florida Fish and Wildlife Conservation Commission on Wednesday to combat what they call a public safety emergency in the shallow waters off their island village, the Miami Herald’s Sue Cocking reports.
As Leon County Circuit Judge Terry Lewis begins his final deliberations on congressional districts drawn by lawmakers in 2012, the gaps in conversations among lawmakers and political consultants might be as important as what’s in the record, THE NEWS SERVICE OF FLORIDA’s Brandon Larrabee reports via SunshineStateNews.com.
Any day now, Rick Scott is expected to sign the legislation to put the scandal-plagued Orlando Expressway Authority out of its misery, Orlando Sentinel columnist Scott Maxwell writes.
The former head of Florida’s child welfare agency is making his bid for attorney general official, the Associated Press reports via The Tampa Tribune.
Former State Representative Jimmy Patronis, who is stepping down because of term limits, is among those applying for openings on Florida’s Public Service Commission, Tampa Bay Times’ Tia Mitchell reports via the “Naked Politics” blog.
One of the votes on the Fort Lauderdale City Commission that tipped the balance narrowly in favor of a same-sex marriage resolution was cast by the lone Republican, the Miami Herald’s Amy Sherman reports via the “Naked Politics” blog.
Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker, Insurance Journal reports.
Ohio companies are able to operate their own locally based commercial insurance subsidiaries under legislation signed into law Tuesday by Governor John Kasich, Columbus Business First’s Evan Weese reports.
The newly formed “Trade In Services” agreement would help the U.S. reduce foreign barriers to trade in insurance services that cost U.S. property and casualty insurers nearly $40 billion annually in lost revenue and related jobs, while enabling U.S. insurers to respond to the need for insurance services worldwide, the Property Casualty Insurers Association of America reports via Insurance Journal.
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