Florida Office of Insurance Regulation Files Notice of Appeal in Workers’ Compensation Court Case
Nov 29, 2016
The Florida Office of Insurance Regulation (“OIR”) advised this morning, November 29, 2016, that it has filed a Notice of Appeal with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (“NCCI”)/OIR court case.
This action comes in response to a court order issued on November 23, 2016 that invalidated the 14.5 percent overall combined statewide average rate increase sought by NCCI and approved by the OIR on October 5, 2016. The NCCI is a licensed rating organization authorized to make rate filings on behalf of workers’ compensation insurance companies in Florida.
Based on the OIR filing its Notice of Appeal, the order is now stayed pursuant to Rule 9.310(b)(2), Florida Rules of Appellate Procedure. Thus, the increase is scheduled to take effect on December 1, 2016 and apply to both new and renewal workers’ compensation insurance policies in Florida.
For more information about the NCCI public hearing and rate filing, visit the OIR’s “NCCI Public Rate Hearing” Web page.
To view or download a copy of the NCCI rate filing, access the I-File Forms & Rates Filing Search System and enter File Log #16-12500 into the “Quick Search” function.
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