Florida Office of Insurance Regulation Order Exempts Commercial Lines Risks from Form Filing Requirements Under Certain Circumstances

Apr 10, 2012


The Florida Office of Insurance Regulation (“OIR”) has issued an Order exempting certain property and casualty policy forms, policy endorsements, applications or other forms from the requirements of Section 627.410, F.S., in certain circumstances.  The Order is effective for one year beginning April 9, 2012.

The exemptions are outlined in the Order, a copy of which is attached for review.

Recent legislative changes and an increased volume of commercial form filings were among the reasons cited by the OIR for issuing the Order today.  It is noted, however, that rates corresponding to the exempted circumstances would still be subject to the requirements of Florida law. 

The OIR reasons in the Order that commercial insurance consumers are typically sophisticated, and that companies are expected to have diligently reviewed their forms for quality and legal sufficiency prior to submitting them.


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