Category: Insurance Regulatory News
Apr 20, 2007
Editorial From the Wall Street Journal April 20, 2007; Page A14 It isn’t easy to put one of the more well governed states on the path to fiscal ruin in a mere three months, but it seems Florida Governor Charlie …
Apr 19, 2007
The National Conference of Insurance Legislators (NCOIL), in conjunction with the Insurance Legislators Foundation (ILF), has launched a groundbreaking Study on State Insurance Authority. The ILF is the educational and research arm of the NCOIL. The study will take an in-depth, …
Apr 19, 2007
 Attached, please find information on a recent National Conference of Insurance Legislators (NCOIL) letter cautioning the United States Chamber of Commerce against supporting an optional federal insurance charter. Also attached is a copy of the letter. Should you have …
Apr 18, 2007
Florida’s Chief Financial Officer Alex Sink released this news from the Florida Department of Financial Services this afternoon regarding the arrest of a South Florida man charged with sellling insurance without a license. Should you have any comments or questions, please …
Apr 18, 2007
On April 17, 2007, the Office of Insurance Regulation (“OIR”) held a second public hearing on proposed Rule 690-142.015 relating to “Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters.” The Rule adopts standardized provisions regarding claims reporting as …
Apr 18, 2007
The Florida State Board of Administration (“SBA”) has released two Notices of Proposed Rules relating to the Florida Hurricane Catastrophe Fund (“Cat Fund”): Notice of Development of Rulemaking Regarding the Reimbursement Premium Formula for the 2007-2008 contract year, a Notice …
Apr 17, 2007
The Surplus Lines Law Group held its Spring 2007 meeting last week in San Francisco. Attached for your review is a copy of the group’s Agenda and other items of interest regarding the meeting and surplus lines issues. Should you …
Apr 17, 2007
The State Board of Administration of Florida has released the Florida Hurricane Catastrophe Fund’s Annual Report for the 2005-2006 fiscal year. Clicking on the hyperlink below will provide a copy of the document for your review. Â http://www.cftnews.com/uploads/CatFund2005-2006AnnualReport.pdf Should you …
Apr 16, 2007
The Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors met on April 12, 2007 to hear a legislative update, consider an offer to commute a reinsurance contract, and discuss confirmation of the FWCJUA’s reinsurance intermediary. With respect to …
Apr 13, 2007
The Florida Automobile Joint Underwriting Association (“FAJUA”) Board of Governors met on April 10, 2007 in Miami to discuss legislative issues, auditing and compliance issues, the FAJUA’s financial statements and actuarial opinion, and proposed enhancements to its credit programs and …