Florida Office of Insurance Regulation Order Allowing Self-Certification of Certain Personal Lines Property/Casualty Forms to Expire December 31
Dec 23, 2013
The Florida Office of Insurance Regulation (“OIR”) issued a reminder today, December 23, 2013, that a process allowing for self-certification of certain personal lines property and casualty insurance forms and exempting those forms from the requirements of Section 627.410, F.S. will expire December 31.
Therefore, all personal lines form filings subject to the requirements of that law and submitted on or after January 1, 2014 will be subject to prior review and approval.
The OIR’s self-certification program (“program”), which began following a 2012 Order by Florida Insurance Commissioner Kevin McCarty, was designed to reduce a backlog of personal lines property and casualty insurance forms awaiting OIR review and approval by allowing insurers to self-certify their compliance with Florida law.
Originally set to expire June 24 of this year, the program was extended until December 31 to allow time for the hiring and training of new forms analysts–positions for which funding was allocated during the 2013 Regular Legislative Session as an attempt to address the OIR’s forms backlog.
A similar self-certification process for commercial lines filings (excluding workers’ compensation) was codified into Florida law by SB 468, which was enacted by Governor Rick Scott earlier this year and effective July 1, 2013.
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