Update: The proposed Rule draft of 69O-142.015: Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters is attached for your review, in addition to the referenced form OIR-DO-1681....
Category: Florida Office of Insurance Regulation
OIR Recommends Reserve Changes on Preneed Life Insurance Rule; Hearing Rescheduled to June 16
May 12, 2009
After reviewing revisions to National Association of Insurance Commissioners model regulations, the Florida Office of Insurance Regulation (“OIR”) is recommending changes to reserve rules in the Florida...
Florida Deputy Insurance Commissioner Testifies About Life Settlements Before U.S. Senate Committee: April 29
April 30, 2009
Florida Deputy Insurance Commissioner for Life and Health Mary Beth Senkewicz testified on Wednesday, April 29, in Washington, D.C., before the United States Senate Special Committee on Aging on the issue of life settlements...
State Farm Florida Update
April 16, 2009
An April 15, 2009 blog posting from the South Florida Sun-Sentinel regarding the State Farm Florida market withdrawal issue is reprinted below. Should you have any questions or comments, please contact Colodny Fass....
On April 1, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-186.003,.005 F.A.C. pertaining to Junior Loan Rates for Title Insurance. To view the...
OIR Receives $446K in Multistate Settlement Over Conseco Companies’ Business Practices
April 8, 2009
The Florida Office of Insurance Regulation (“OIR”) has received $446,000 as Florida’s share of a multistate $2.3 million settlement agreement with Conseco Senior Health Insurance Company and Bankers Life and...
An Order issued today, April 6, 2009, by United States District Court Judge Stephan P. Mickle in Tallahassee, rules that because Coventry First LLC is a licensed Florida viatical settlement provider, it is subject to Florida...
OIR Rule Development Workshop Report: Application and Audit Procedures for Workers’ Compensation Insurance
April 3, 2009
On Tuesday, March 31, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-189.003, F.A.C., relating to Application and Audit Procedures for...
On Thursday, March 26, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-149.150, F.A.C., pertaining to Dependent Coverage for health insurance....
OIR Denies State Farm Petition to Dispute Conditional Withdrawal Order; Affords 21 Days to Amend
March 25, 2009
In a March 24, 2009 letter to State Farm Florida, the Florida Office of Insurance Regulation (“OIR”) has denied the insurer’s March 6 petition for an administrative hearing because it “fails to set...